Effective – do the right things Efficient – do things right It’s your business so make sure you’re doing all the right things your business needs to do to be successful, profitable, sustainable. But doing
This company has annual sales in the millions of pounds and it reminded me that there are many businesses in the UK of all shapes and sizes that do not have adequate financial information.
This is no different from being in a non-cloud environment, it's just that the cloud accounting software sold as being everything you need, easy to use, do it yourself etc. Well so is a Delia Smith cookery book - and you really don't want to see my attempt at a soufflé!
Many credit rating agencies can supply marketing lists pre-screened to contain only prospects with a decent credit rating. So, there really is no excuse to sell to high risk prospects in the first place.
Look at your competitors and see what fronts they are fighting on (or not) and look beyond your own market for ideas about how to position your business so that it stands out from the crowd.
In the current economic situation resigning clients might feel counter-intuitive but think of it as "resigning losses".
We’re doing a lot of work with clients using Xero and QuickBooks Online and consequently we’re doing a lot of compare and contrast between the two. There is much to say and I guess there
This gives your business the best of both worlds - the senior financial input you need but without a full-time cost. It's a solution that an FD would be proud of!
Ask yourself how much your bottom line will improve or decline by if you raise or lower your gross profit margin by just 1%. Still can't afford a Gross Profit Officer?