How well do you know your numbers?
We’ve all heard the phrase ‘cash is king’. The age-old phrase refers to the importance of cash flow in keeping a business running. Without adequate cash flow, ie. money in the bank, you can quickly lose the ability to pay rent, suppliers, employees and other fixed and variable costs, a scenario that results in hundreds of businesses being forced to [...]
Time for a spring clean?
Time for a spring clean?
After the Easter weekend, we’re full of the joys of spring. Spring is such a positive time of year – often associated with new beginnings and fresh starts.
The same applies to your business. If you feel like you’re stuck in a rut, plodding along or plain struggling, the start of spring is the ideal time to [...]
What’s your personal brand?
We spend a lot of time thinking about branding our businesses. Companies are often happy to spend large sums of money on their logo, their website, their external communications – all so that they present a clear and consistent message to the outside world.
But what about your own personal branding – and that of the people within the business?
As the [...]
Is it time to change the status quo?
I have been lucky enough to acquire two new clients recently. Both came to me by way of referral, and both for similar reasons.
The first client has been seeking outsourced accounting advice for a number of years, but unfortunately, the advice has proven to have been poorly administered. The client has not only missed out on financial savings, but has [...]
5 Essentials for your Christmas ‘to-do’ list
In the run up to Christmas, many of us will have a ‘to-list’ as long as our arm. With Christmas cards to write, gifts to buy, presents to wrap – it often seems like there aren’t enough hours in the day. But as we head towards the end of the month and start to think about slowing down, we’re here [...]
How to improve your chances of recruitment success
Finding and recruiting the right staff can be one of the biggest headaches for any business owner or manager. Getting it right is brilliant – you’re happy, the individual is happy and everything is hunky dory. But getting it wrong can be a costly, time consuming and generally unpleasant mistake.
So how can you ensure you get it right more often?
Here are [...]
Back to school – why we should never stop learning in business
After the long school summer holidays, it’s back to school for the kids this week. Which got me thinking… At what point do we stop considering education as a priority in our adult lives?
Just because we’ve got to where we want to be in our careers, perhaps having started a business or worked our way up to the top of [...]
What you can measure you can manage
When it comes to judging the performance of a business there’s one thing that matters – the numbers. From turnover to net profit, overheads to break-even point, figures supply us with information to make business decisions.
Whilst accounting information such as this can be invaluable, it’s all too often inaccessible – available only after the year’s accounts have been completed and [...]
The Five P’s, Pricing and Picasso
Anybody that’s done a course in marketing will have heard of the ‘Five P’s of Marketing’. The theory is that Product, Place, People, Promotion and Price, when approached correctly, can combine to create the perfect ‘marketing mix’. Most of us are comfortable with the first four p’s mentioned – even if we don’t always have the magic answer to how [...]
Staying motivated now January is over!
February is a funny old month. January is often a month of motivation – even if you don’t set resolutions, many of us use the first month of the year as an impetus set ourselves other challenges – be it Dry January, the start of a new fitness regime or a diet! But as the end of January comes and [...]