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Starting a new business? Identify your WHY!

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 ...
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Figuring out how much to charge is a big learning curve for any business owner.

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 ...
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Leading the business from the top

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 memb...
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Are you playing the growth game?

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 refle...
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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 ...
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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 behaviou...
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"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 ...
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"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 accounta...
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Getting your Bank Manager to say 'yes' and lend you money can be a tough task. Seeking advice from a Management Accountant and utilising their experience and expertise can increase your chances of a positive outcome. Here are 10 easy steps to get your Bank Manager to say 'y...
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It's widely accepted that having a robust business strategy is pivotal to business success. However, failing to respond to your evolving business and update that strategy periodically can lead to business failure as highlighted in an article on Toptal, https://www.toptal.com...
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