The only reason to employ people in your business is if you can make more profit by doing so than doing everything yourself or outsourcing. And the only people you should employ are profitable ones. That said, how do you know which of your employees are profitable? Unfortunately you don’t unless you know how much…
How to choose accounting software for your business
When people ask me at networking events what I do I always say ‘I help people understand their business numbers better’. That usually gets a response like ‘well I need that!’ It’s way better than I am an accountant, and after all they asked what I do, not what I am. And one of the…
7 things your business plan should include
Too many businesses fall into the trap of starting to trade before they have fully planned their new venture and then they wonder why it fails. If they had put the time into researching and writing a business plan, they would either have predicted the company wasn’t viable, or altered the business model. The act…
Know your lead generation numbers
Knowing your business numbers requires that you measure everything you do. This is particularly true of your marketing spend. For example if you have business cards, a leaflet or flyer, a website, and a brochure all generating leads wouldn’t it be important to know which source generates the most leads? Maybe you are planning a…
Know your marketing numbers
When people ask me at networking events what I do I always say ‘I help people understand their business numbers better’. That usually gets a response like ‘well I need that!’ Its way better than I am an accountant, and after all they asked what I do, not what I am. And one of the…
Help! Someone wants to buy my business.
All of us look forward to the day when someone wants to buy our Company and we can book a cruise or just head for the sun. But what should you do when the call comes in, to make sure you don’t miss the opportunity altogether or realise less than the business is worth? And…
Five essential questions to ask your accountant
Each year thousands of people decide to go it alone and set up their own businesses. A chartered accountant can provide a new business with much needed help and support. As well as offering essential compliance services to ensure a new business abides by its statutory and financial obligations, a chartered accountant will also be…
Why you need a Chartered Accountant on board before you set up your business
When you are setting up in business you may assume that you don’t need to involve an accountant until it’s time to prepare your first set of annual accounts and file a tax return. This is a serious mistake and could cost you valuable money before you even start trading. A chartered accountant will ensure…
The 3 mistakes to avoid when setting up your website
What’s the worst that can happen to your business website? Almost certainly not what you think. You just want to make a simple change to your website or get access to your files in your hosting account but you can’t because technically you don’t own your domain name. You may want to move your hosting,…
