If you take care of the "proof of profit" cycle then you will consistently make the profits you should.
If you want to make more money then look at the profit margins your business makes – and change them upwards. Your margin is the gross profit you make on every sale. If you sell
You probably can’t rely on your bank to save the day so it’s down to you
Getting paid on time – it’s one of the biggest drags on the business community and it hits the smaller business particularly hard. But there are things you can do, it’s time to hit back.
If you are being paid on credit terms then sending the URL instead of the invoice is simply creating a reason for your invoice not to be paid.
Cloud accounting – manna from heaven for the small business owner. Everything you need to get on top of your business finances from your phone, laptop or anywhere else. Easy. Simple. Off you go. See
Some time ago I posted a blog entitled “I can’t have the business I want…..because of the business I’ve got!” which concerned an owner-manager who had become trapped in his company by time-consuming, low-profit clients
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!
True story: Q: How do you do your bookkeeping at the moment? A: I list all the transactions in a spreadsheet and send it to my accountants. They do what they do and send it