Okay, some of us run a family business, but it should still be run along professional lines. Employees may underperform and you will need to follow your disciplinary procedures to…
Time Management Tips for Entrepreneurs
If you’re managing a business then you probably have 101 tasks requiring your attention even if you have delegated as much as you can. Schedule tasks in your calendar. Knowing…
How to achieve work-life balance as a business owner
You may have started your business with the intentions of having a better work-life balance or for some other reason and the work is now taking over your life. If…
Cyber security tips for small businesses
When we do a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis for our business cyber security is pretty high up our list of risks. As accountants we hold a lot of…
When can you afford to retire?
At some point we all want to retire from our business so it’s important to understand how that will impact on our future income. For me, this starts with a…
Plan your business like a marathon
Building your business isn’t a sprint but a marathon. It takes a bit of planning. Plan – find a plan that is right for you. Right for where you are…
Does 2% feel like nothing?
It’s a pretty small increase but increasing your prices by 2% will increase you turnover, your profits, and your cash. Reducing your costs by 2% will increase your profits and…
Limitations of AI
At risk of sounding like a luddite: AI is not the answer to everything. AI has the potential for so much good but people really don’t understand the limitations. The…
Which CRM?
After last week’s post I was asked which CRM we use. As I run three businesses (Minerva Accountants, Hudson Business Advice, and Minerva Technology) we use two different systems. You…
Implementing a CRM system in your business
Once your business outgrows you and a few contacts on your phone it is worth implementing a proper CRM (customer relationship management) system. Register with ICO (Information Commissioners Office) and…