Another question to which the accountants answer is … it depends. It depends on your cashflow forecast and the likelihood of all the money coming in on time. Next week…
Making cash collection part of your customer service
Most small business owners hate chasing customers for payment. (The only exception I know is a client who used to send witty poems to late payers) This means that it…
How to improve your cashflow
Cash is king. Most small businesses fail due to lack of cashflow so here are some ways that you can improve yours: 1. Only sell on credit to creditworthy customers…
Why do we have an annual price increase?
Once a year we increase our prices across the board. This is in addition to increasing/decreasing prices as clients increase/decrease the services that they need from us. As most of…
Client retention
When thinking about growth it is all too easy to focus on acquiring new customers. But it is important not to neglect our existing customers too. Does your insurance company…
How to scale your small business
Scaling a business can only go so far by selling more of the same. Once you have reached capacity you will probably need to look at a new, scalable business…
How to improve your profit margins
If your profits are lower than you’d like and you’re not taking home enough money to cover your bills, let alone to make up for all the hassle of running…
How to create a budget for your business
Businesses and individuals with plans are more likely to achieve those results. But how do you go about it? 1. Personal objectives – the objectives of owner managed businesses are…
What will you do differently this year?
2024 was a transition year for me. In business while we settled an acquisition with new clients and new team. At home I waited to move home. Now that those…
What’s next after tax returns
Here at Minerva all tax returns have been completed and we’re just chasing the last few clients for approval so that we can press the button to submit them. Then…