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…
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…
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…
How to get funding for small businesses
A compelling business plan – we’ll cover this in a separate article Track record of success – if you have a successful business it is much easier to find investment.…
Till systems with stock control
Gone are the days of huge cash register full of … cash. These days most banks charge to bank cash (if you can find a branch) and HMRC definitely prefer…
Why bookkeeping software will help with MTD
MTD (Making Tax Digital) will require businesses to keep digital records and to make quarterly submissions to HMRC. Clearly using bookkeeping software will help businesses to comply with these requirements…
How to avoid burnout
We seem to live in a real hustle culture where working longer hours is seen as a good thing. As you know I’m a great believer in using technology or…
How much cash should I keep in my business?
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…