How Do I Know When Can I Employ Someone?
Anyone who runs a service business knows the feeling, a constant concern about balancing the amount of work on and knowing when you can employ someone. If you have all your major processes and margins working properly, it’s this resources balancing act that can take up a lot of your thinking time. Maybe even […]
Living With Constant Disruption……
It wasn’t that long ago that we were discussing the end of jobs for life. How we would need to retrain a few times during our working years. It seemed exciting but a bit daunting at the same time. Unlike flying cars, those predictions were spot on, but of course, it hasn’t stopped there. Most […]
How Much Money Are You Really Making From SaaS Sales?
How do you know if you’re making money from your SaaS sales? It’s easy right? If you sell it for more than it costs you. Anyone that knows anything about SaaS is harrumphing right now. Accounting is based on the overarching requirement to match income to expenses in any particular period. To provide a true […]
Why You Don’t Need Accounts Staff Anymore
If you have to spend money on compliance, try to get some value from it. Bookkeeping and tax definitely fall into that category. We often recommend that businesses up to about 10M turnover use a specialist bookkeeping/tax firm. For a fixed a monthly charge they do the bookkeeping and payroll, pay the bills, do the […]
How To Do What You Love And What’s Good For You
There is no end of advice out about how to be more productive, to get more things done in your day. But how often do you sit back and have a think about if the things you do are worthwhile for you? Do the short and long term results of the sum of those tasks […]
No One Eats Just Cake – Have Your Cake On Top
Do Not Only Eat Cake It’s absolutely fine to put high-value, time-based, consulting work on top of your standard products. That suits bespoke and complex problems and allows you and your team to do your best and most rewarding work. It’s this complex problem solving that people like us love doing. Creative people genuinely love […]
Which Income Stream Is Making You Money?
We often recommend better management reporting, but also, the equally important, regular time put aside each month to review and interpret the results. This might seem like someone that’s good with a hammer thinking every problem is a nail, but we have been around long enough to see good reporting as a major contributor to […]
Is Your Business Lumpy? Is It Going Downhill?
Is your business really lumpy? Or is it just the accounts? And if so, is it, beneath all that distortion, having problems? How do you find out? Most businesses are much less lumpy than the monthly accounts usually show. That’s because most businesses only have an accurate set of accounts once a year, and even […]
Beware The Budget Loch Ness Monster
In last week’s blog entry I talked about how what might appear to be a lumpy business is more often just lumpy accounts and how dangerous that can be. It’s a profit one month, a loss the next, but you have been there before right? Managers tell you “$400K is coming in next month” but […]
Who’s Who In Your Business Zoo?
Most people only have a limited number of different tasks to perform each day. If they are delivering work for clients, their days look fairly similar week to week. But there are hundreds of separate tasks that need to be done in an accounts department. Most of them repeating daily, weekly, monthly or annually. Ask […]