So we have decided on leaving the EU, the next step is that the government will invoke article 50 of the treaty so that negotiations will take place. There is so many areas to cover and I do not wish to try and deal with all, just the one that I think I could make … More EU Exit & Trade- my opinion on what could happen next.
This is a statement I hear many times from business owners, especially when we have worked with them on growing their business. The problem is that most of them have not structured the business to accommodate the growth and cannot relinquish or delegate certain controls. Before we work with a client it’s one of the … More ‘I’m too busy to work on my business’
Recently, I had a call from an ex-client I had lost to another accountant about 9 months ago. The reason they went to them was based on price and I was not willing to lower mine. The other accountant was lower price than me and stated to client that they could do all that I … More The Grass is Not Always Greener
There are several ways you can overcome finance related stress when running your own business. Your first task will be to identify any existing problems with your business model. Then you must separate yourself from your personal anxiety to create workable solutions to the problems. Accepting that dealing with the finance related stress of running … More How to overcome stress in running a business
Thinking of my history in working for others and my own business, I have been re-reading the E-myth books by Michael Gerber recently and to be honest I was the ‘Technician’. Working crazy hours doing all the work myself, not getting the rewards and the time with my family which was desperately needed. Working for … More Entrepreneurs? Technicians? Or Mad People?
Benchmarking is the only realistic way to compare your business with the others. It not only helps you identify the areas that a business needs to improve but also note market zones where you can make loyalty and maximize profits. The business finds an insight into different ways of working which will provide an advantage … More Why not Benchmark?
What are your first thoughts when you have to ‘do the books’? please retweet and lets hear some thoughts!
I hear this question a lot when I prepare end of year or management accounts, when the managing directors see the costs and wonder why they have not made as much profit as they predicted. A lot of the time is that a lack of controls on spending or budgets are not adhered to by … More We spent money on what????
Again this morning, talk was all about cuts of about £10bn to be found across the next couple of years, and looking at government departments (about bloody time!) to see where they can cut. (Not be more efficient – but cut!) They talked about ring fencing and yet not they have now mentioned the possibility … More Gloomy Times ahead? Why?