Turning a profit is at the heart of running any successful company. But should profits be the only financial focus if you’re looking to create a stable, long-term business? Cashflow is the beating heart of your business. Without an even and predictable flow of cash into the company, you can’t cover your overheads, you can’t…
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It’s important to stay on top of your debt collection to free up cash. Establishing how long it takes you to get paid is the first step, but how can you measure this? Debtor days measures, on average, how long your customers take to pay you. While there are many complex formulas to accurately calculate…
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Setting goals & implementing strategies for achieving them is an important step towards unlocking business potential. If you don’t have a #BusinessPlan which you update quarterly and refer to weekly, get in touch to develop one now! Success is about planning; we want to help you achieve success. It’s essential to take time out from…
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As a business owner, choosing the right accountant is an important decision. While there are many remote accountants available to work with you, there are also many benefits to working with a local accountant. In this blog post, we’ll explore some of the key benefits of working with a local accountant and how it can…
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What on earth is a KPI and why are KPIs important to your business? A KPI (Key Performance Indicator) is a result that can be used to measure the effectiveness of different activities in your business. Put another way, if you want to define what success looks like from your business activities, employees, or projects,…
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Now’s a great time to make a plan for the next 12 months. First, establish where you are NOW. Then, determine WHERE you want to be. Finally, work out HOW you’ll get there. For any sort of planning, whether it’s your Strategic Plan, Business Plan, or Personal Development Plan, you must first know your starting…
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