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Picture withdrawn as I unintentionally infringed Copyright My apologies to the owner of the image ...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