3 things to consider before turning to invoice factoring for your SME.

Invoice factoring sounds like the perfect solution to a small business. Be careful though, my recent experience shows that, in some situations, this may actually be quite detrimental to the cash flow management of your business.    What is invoice factoring? Invoice factoring takes over all the tasks involved with the running and maintaining of […]

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3 Signs your bookkeeper is no longer enough

I often get told by business owners, “I don’t know what I don’t know” because they don’t really understand what they should be expecting or getting from their bookkeeper. It’s true, you get what you pay for. Don’t expect a full detailed costs analysis, ad hoc information just when you need it and constant telephone […]

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SME improvement tip: Get your staff to improve themselves.

Many  small business owners who are not confident of their finance knowledge  will be afraid to tackle the finance  area  for process improvements  as they feel they do not fully understand what is required. Your resource base is probably one of the biggest costs in your business and any area that operates as a support […]

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3 ways to increase the Selling Price of your Business

If you have built your own business, selling your business is an exit strategy which can provide you with the lifestyle you want when you retire. However, what are the things you should be thinking about now, which will enhance the overall selling price when the time comes to sell. We all know that you […]

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Simple pricing spreadsheet for those in the creative industries.

If you are unsure if your pricing is making you profit and fully covering your costs, this simple pricing template may help you. I have specifically designed it for use in those businesses where labour is the main resource which drives the costs of the contract.This is prevalent in the creative industries where you would […]

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The secret of setting KPI’s that work

So you know you need to set KPIs but which ones and how to make these work? Many businesses start with the common KPIs which may be to ‘maintain profit margin at x %’ or to ‘achieve sales growth of x % per annum, but that’s not necessarily going to ensure you achieve them. Why? […]

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Sole Traders Simple Profit spreadsheet

If you are a Sole trader, keeping all your receipts in a shoe box under the bed is not going to help you in making the every day decisions you need to make. You of course probably know this, but what  is the alternative? The first step could be to try to organise this information […]

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Simple calculator for Property Investors- Do the figures stack up?

One of the main things you should be asking yourself when deciding to invest in a property for  rental income is ‘do the figures stack’? But what does ‘Do the figures stack‘ really mean? I use Return on Investment (ROI) as the key measure, afterall, this means what level of return do I get from […]

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3 Ways your Accounts can put a smile on your face.

If the word “Accountancy” conjures up images of a staid professional in a pin striped suit who brings you bad news and fills you with gloom, then I am so glad you have decided to read this article! Your accounts don’t always have to be just a source of numbers telling you how much tax […]

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