Xero’s small business trends report shows that 60% of small business owners are worried about their household finances running low.
So while 2022 will hopefully be a year of rebounding sales […]
This has become easier due to cloud-based accounting solutions, better analytical tools, benchmarking and other methods.
But one important question remains… Which data should we access and analyse? There are so many options. Perhaps, we should ask a different question: What drives […]
Sounds simple? It’s not… but let’s assume you’ve got this right. We also need the underlying sales processes to work because even with great, in-demand products, sales will not reach potential with weak sales processes.
Here are some ways […]
These ideas will not apply to ALL businesses but perhaps there are some you can implement.
1. Get Better Vendor Payment Terms
Vendors are partners and are invested in […]
But how do we know what to prioritise? There is so much that could be done in so many different areas.
Let’s simplify this complicated subject. First, we need […]
Here are our recommendations to help you avoid risk and make the most of your cash resources:
1. Finance Processes Matter
It sounds obvious… but some organisations still lose invoices, […]
Going online is a great opportunity for small businesses. It can help expand your offering and grow your customer base (including international reach). However, setting […]
Once you’ve defined your Action Plan, it’s time to understand what this means financially for you and your business.
Start to build your budget. Why do we budget?
Quite simply, making sure the goals and targets you’re setting, and the action […]
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There’s a lot of talk about data and how it will change the way we do business
Others are spending money on pricey systems in the hope of utilising data. Results appear to be mixed. As accountants, we have had […]