Business

Money, money, money

Most small businesses fail because they run out of cash. It caught out a lot of people who couldn’t cope while they waited for covid funding came through. Hopefully we’ll…

Business

I’m worried about increasing my prices in case I lose clients

It’s a common fear but your existing clients will be less price sensitive if you are doing a good job. Have a look at this example (numbers rounded for simplicity)…

Accountancy

How to increase your prices

Last week I talked about WHY you need to increase your prices but, less talked about is HOW you go about doing it. It’s a lot easier to talk about…

Accountancy

Why you need to increase your prices

A lot of business owners avoid increasing their prices, either because they’re worried about losing clients or because they don’t know how to go about it. Even when they know…

Accountancy

Things to think about when pricing

Whilst I would encourage people to value price where possible it is often more practical to quote fixed prices. Here are some of the things to consider when setting your…

Business

What to say when somebody asks for a discount

You spend ages working out the right prices for your business and then somebody asks for a discount! Before saying yes you need to work out what you get in…

Accountancy

Is work-life balance really achievable?

Yes. I started, grew and finally sold my first business all while working just an average of 25 hours a week. Some weeks were more but others were less. Here’s…

Accountancy

Caffeine pill or freshly brewed coffee?

Plenty of people are dependent on caffeine so why don’t they take caffeine pills? They are legal after all. They don’t even drink instant coffee that can be made in…

Accountancy

Trading through tough times

Some businesses were founded during a recession:Disney, Microsoft, Google, Facebook and Hudson Business Accountants and Advisers. No matter how bad things are, we all have to do the right things in…