Overcoming Imposter Syndrome: A Business Owner’s Guide
It’s a common struggle and we probably don’t talk about it. Imposter Syndrome affects individuals from all walks of life, including business owners. It’s characterised by a persistent feeling of inadequacy, despite evidence of your competence and accomplishments. A Harvard Business Review study found that nearly 70% of entrepreneurs have experienced imposter syndrome at some […]
Review your expenses – and save yourself money!
Running a business will always mean incurring certain expenses, or ‘spend’. Whether you’re a large family business or a small fledgling startup, there will be costs, overheads and supplier bills that mount up – and these expenses will gradually chip away at your cash position, making it more difficult to grow and make a profit. […]
How does an accountant save you money?
Turning a profit will be high on your list of goals as a business owner. And if you want to generate the best margins, that means keeping an eye on the money that’s going out of the business, as well as what’s coming in. So, how can your accountant help with this? The days when […]
Meeting the environmental expectations of your customers
As environmental consciousness rises, small businesses in 2024 face increasing pressure to adopt sustainable practices and reduce their carbon footprint. But going green means being able to balance your desire to run a sustainable, environmentally conscious business with the pressing need to remain economically and strategically viable. Meeting the environmental expectations of your core customer […]
A business budget will help with your financial decision making
Budgeting is about estimating your revenues, projecting your expenses, and detailing the allocation of funds, so you stick to (and don’t overrun) your agreed budget ceiling. How does budgeting affect your business? Having a clear, agreed budget gives you a structured framework for your financial decision-making. It’s a practical way to control your costs, monitor […]
Plain English guide to profit and loss
Here’s our Plain English guide to profit and loss and what this report reveals about your finances. What is profit and loss? Your profit and loss statement is commonly called your ‘P&L’. It’s also sometimes referred to as your income statement or statement of earnings. Your P&L is a breakdown of your company’s revenue (money […]
Your action plan for market readiness
If you plan to sell your business, give yourself a reasonable timeframe to bring your business into full market readiness. Set targets to improve performance and minimise risk. Call us to help you with your action plan.
Our guide to business credit scores
Do you know what your business credit score is, and how it can impact your finances? Your business credit score is a numerical representation of the company’s creditworthiness. In other words, how financially reliable the big credit agencies believe your company to be. In essence your credit score is a measure of your risk to […]
How to get original with your marketing (without breaking the bank)
The success of your business depends greatly on the success of your marketing. Getting your key messages, product features and brand identity out into your industry market helps to drive engagement and sales – but we don’t all have millions to invest in this marketing. So, how do you come up with innovative marketing on […]
Writing a business plan? Read our guide
Your business plan is the sat-nav that keeps the company moving in the right direction. Having that guidance can be a massive benefit to your success as a business. But what elements should you include, and what are the main considerations to think about? A detailed business plan will generally include: 7 steps to creating […]