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Got your business running? Great, now go draw your future

Starting your own business, or regenerating one from within, can be a daunting venture. It is a leap of faith, but also a tantalising opportunity to journey down a different path. Key to establishing a successful business is getting crystal clear on why you’re making this leap into the unknown, and what you want the business to do. Without this understanding, it’s easy to fall back on traditional expectations and to ultimately end up as a cookie cutter business, no different to your competit...

August 9, 2019

Taking the pain out of pricing - how much should you charge?

The answer to how to approach it will fluctuate as circumstances and markets change. It is important to revisit the question throughout the lifecycle of your business. There is no magic formula All businesses are unique, with an individual offering of products and services. Before you set your pricing, It’s important to look at the whole picture. This will help to ensure you are being strategic and not just following trends.Gather the data To get started, you need to gather as much i...

August 7, 2019

Understanding leadership and what role(s) your board plays?

Once your business is incorporated and becomes a limited company, you’ll need to have a ‘board of directors’ in place to provide your core leadership and run the business.But why do you need a company board? And what are the different roles and functions that each member of the board supplies?Your board of directors exists to manage the future success of the business. Whether it’s hiring talent for your senior management team, defining your key business strategy or making decisions on ac...

August 1, 2019

Growth doesn’t need to mean more risk, more hours and more headaches

What’s your business growth looking like and where were you 12 months ago compared to today? If you haven’t given it much thought it is probably because you’re always stuck in the day-to-day operations. But it is worth spending some dedicated time to do some reflecting and planning.Growth doesn’t need to mean more risk, more hours and more headaches. To be successful, you first need to identify where the opportunities for growth are in your business and industry. Then establish what...

August 1, 2019

Hold me accountable, why?

As the quote from Bob Proctor indicates most business owners understand that the only way to ensure something gets done is to document what is expected, assign it to the right person, and set a due date. But what do you do if the task isn’t done? What are the consequences of this inaction? Think back to your school days when you had homework... maybe you were super organised and got stuck in as soon as the work was assigned, or perhaps you completed it on the school bus the morning it was due....

July 11, 2019

Directors need job descriptions too!

Most business owners know that every member of their team needs a job description, which should include: Clearly outlined responsibilities and tasksSome specific and measurable KPIs (Key Performance Indicators)A set of clear expectations around core competencies and behaviour When a job description is clearly documented, it’s much easier to monitor and measure performance. However, as logical as this seems, many business owners fail to do this for their own role as Director of the business So,...

July 11, 2019

Why does a profitable business have no money in the bank?

"Never take your eyes off the cashflow because it’s the lifeblood of the business." - Sir Richard Branson      After delivering a couple of session on managing cash flow properly I thought that I would summarise what businesses should be looking out for and applying to their own circumstances. There’s a massive difference between profit and cash. Let’s explore the differences to make a better plan to increase both. 1. Sales.  Profit increases when you increase sales; ca...

July 5, 2019

Do you think that your accountant's fees are a cost or an investment?

"The biggest expense is an opportunity cost." - Anon      Accountants tell their clients to reduce their overhead costs as one of the seven ways to grow your business. One of your overhead costs is your accounting fees. So, is what you spend with your accountant an expense which needs to be reduced, or is it an investment?  An expense is a necessary evil. It can’t be avoided and is a grudge purchase with very little value add. An investment is about the return on your ...

July 3, 2019

Congratulations Julia Leask @JuliaLeask Winner of the Woman Who…Achieves Networking Award 2018

Congratulations Julia Leask of Leask Accountancy Solutions Finalist in the Woman Who…Achieves Networking Category, sponsored by First Impressions.Congratulations to all the Finalists in this Category:Ann Burton, Athena Network @AthenaWarksNyesha Pitt, Living Content @livingcontentsSarah Young, Imaginate Creative @ImaginateOnlineJulia Leask, Leask Accountancy SolutionsLeask Accountancy Solutions is not right for everyone. People buy people and it is essential that when ...

May 23, 2018

GDPR statement

The new EU General Data Protection Regulation (GDPR) came into force on 25 May 2018 and will impact every organisation that holds or processes personal data. It will introduce new responsibilities, including the need to demonstrate compliance, more stringent enforcement and substantially increased penalties than the current Data Protection Act (DPA), which it has superseded. Leask Accountancy Solutions approach to GDPRWe are committed to implementing and maintaining high standards of inform...

May 23, 2018

Gym Chef Case study

Gym Chef ·      Put Xero online to automate, share data and stop duplication of effort ·      Introduced the Aston Programme for Small Business Growth ·      Engaged with Manufacturing Growth Programme to apply for grant via ERDF ·      Looked into alternate ways of financing to help cash flow, e.g BCRS Midlands Engine Investment Funds ·      ...

May 15, 2018

As my 11 year ols son said "My mum won an award on Friday".

Just wanted to share some (non accounting) news. For the first time I recently entered my business in the Woman Who Achieve...Business Awards and won my category. I am still in shock but felt that I wanted to share the good news. What made it more special was that my category was sponsored by First Impressions which is co-owned by Lyn Bromley FCMA, CGMA. Part of my prize will be the opportunity for a speaking slot promoting my business and sharing my story. The Judges chose me as the Winner beca...

May 3, 2018

How will the Cloud give you the competitive edge?

Your business deserves to have a business advantage doesn’t it?So how can the cloud help? Well, the cloud is where you access your data and applications through the internet, rather than through your own server. Moving to the cloud is great for your business for lots of reasons. Start by talking to your trusted adviser and sign up for a free trial period with your selected software provider. If you are still not convinced then here are a few benefits that you could take advantage of if yo...

March 20, 2018

Let’s try this quick quiz!

What’s your net income?What is your gross profit?How are you doing in comparison to last month? Or your budget?How much are you spending on wages versus income?How’s your cash flow looking? By using Futrli the best system for your business will be set up for you and your team so you have the answer to all this and more, in seconds. It’s your business and this will make sure you quickly get relevant information so the decisions you take are supported by fact not gut feeling.  How will...

March 6, 2018

What are your plans for the next 12 months?

Happy New Year, let's make 2018 the best year ever!Is your team working towards KPIs with access to real-time information for decision making and ongoing control? Do you need growth funding or to manage your cash flow?Think of a budget like your printed roadmap telling you how to get from A-B and your forecast as your sat-nav which reacts instantly to known and unknown events along the way.What you don't want at the start of the year is a history lesson on what happened in the past few months. I...

January 12, 2018

Data-ransom attacks have reached an alarming new scale

Picture withdrawn as I unintentionally infringed Copyright My apologies to the owner of the image ...

May 22, 2017

Why I want to tailor my solutions to your needs

I am sure that you will agree that as a business your are unique and so it follows that you should be able to expect your suppliers to understand how and why you are different. As an outsourced solution I want to provide you and your staff with the specific services and coaching/training that meets your requirements. That is to say you will not get an off the shelf package from me. I want to become one of your trusted advisers and so think that it is important to listen to your thoughts, ideas a...

March 3, 2017

Julia's Case study - Traditional business diversifies to survive

Traditional Printing business had previously been forced to downsize and are working with small workforce. Now they want to grow and diversify but do not have adequate financial records along with a weak cashflow. They try to keep their prices low to retain customers and attract new business. By identifying that the original print offerings were costing the business money it was decided to stop that line concentrating on Digital and T-Shirt print services out of a high street location and Ebay. ...

February 23, 2017

Julia's Case study - Setting up UK branch of a foreign parent company

European based parent company set up in the UK following their huge success in mainland Europe. The business model is now moving towards a franchise. Stock is imported from Europe and held in UK. In the early set up stages the UK director initially was still in employment. He has recently started working fulltime and has relocated the business premises. This is giving him and his family a better work/life balance. The following points cover the main things I did to support the new business. 1...

February 23, 2017

Julia's Case study - Secure financing to grow and diversify

Award-winning environmentally friendly manufacturing business wanted to grow and diversify but had poor financial records and cashflow. Finance providers and banks are very excited but had turned them down for potential grants or investment. I worked with the Board and helped them to implement systems and controls which shed much better light on the business. The following points are what we did to improve their situation. 1) Move the desktop accounting software onto the cloud a. This ensu...

February 23, 2017

Offer more added value services by working with strategic partners

The Allen Group Community This group was created to continually add value to members and their clients by using the full power and skill of the group working together The network is led by a team of professional advisers from a broad spectrum of industries. This includes tax, law, media, on-line marketing and accountancy. The skillset represented includes a varied range of sales and marketing professionals, administration staff and qualified accountants, tax advisers and lawyers. TAG Accou...

February 9, 2017

Reduce your employment status risk by using a bespoke contract protected self-employed structure

Wolfe Contract Services Their entire business is built around :- saving YOU time, do you really want ALL the extra admin that quarterly reporting causes? saving YOU money, can you afford the BIG HMRC fines if your returns are wrong? removing potential risk to YOUR business, hand over the worry. Are you a contractor within the CIS industry? Do you have subcontractors to manage? Are your many self-employed workers causing you concerned about their employment status? Is your company ...

February 8, 2017

Why we've partnered with CrunchBoards/FUTRLI

Traditionally accountants help with your figures in a historical and reactive way. They would review what happened last month, quarter or year. At LeaskAS we're not in business to be a traditional accountant. Our number one priority is YOU, YOUR BUSINESS and helping you to make the most of YOUR FIGURES. We want you to achieve greater financial success personally and professionally....

April 29, 2016

How we can help you access funding for your business

At Leask Accountancy Solutions we understand that researching what funding is available for your business can sometimes be daunting and you often will not know where to begin. That's because there is an incredible amount of funding available for SMEs including local, regional and national grants, business support programmes and loans. We've summarised a few of the most recent beneficial funding opportunities that were available, and will walk you through what they offer and explain how Leask Ac...

November 5, 2014

The 7-Step Business Plan for Entrepreneurs

Your business plan is the ultimate tool for steering your business towards success. Without a well-prepared business plan, it's easy to lose direction and focus - resulting in huge negative business consequences and even business failure. Whether you require a business plan for internal use or for attracting investment – getting it right will enable your business to reap the rewards and achieve its full potential. Most financial organisations expect a well thought out and coherent business pl...

October 30, 2014 Posts 1-25 of 34 | Page next
 

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