Insight

💵💴💰🤑💶💷💸💳💲

Here are some seemingly small habits that can really help you to build a better business.

👉 Review your operations and processes once per month and look for ways to make them more efficient. Over time, these little tweaks can make a huge difference.

👉 Double check your books daily. This will help you spot and fix errors before they compound, saving time, money and stress.

👉 Give yourself allotted inbox-checking times. You would be surprised at just how much time constantly checking your inbox takes out of your day!

Do you have any good habits to add to this list? 👇

💁‍♂️Tip Friday - Do you remember why you started your business?

Are you pulling your hair out trying to keep your finances in order?

If you would like any help comment below and let's make that happen :)

What your accountant DOESN’T do...

Speak to most business owners about their accountant, and most will tell you the same story:

“Oh, my accountant’s fantastic – he/she sorts out everything I need”

It’s a nice thought. Trouble is, most of the time it’s not true.

You see, in most businesses, there’s a very big gap between what the business owner thinks their accountant does for them, and what they actually do.

And there are no shortage of examples:

What your accountant DOESN’T do — Insight And there are no shortage of examples: #1 Tax planning – most accountants claim they’ll help you plan for (and mitigate) tax.  In reality, most just prepare your financial statements, done after your company’s year-end, and once it’s too late to do any planning or mitigation.  

Cash flow is integral to staying afloat, especially after a pandemic.

Whether your aim for this year is growth or just staying afloat, revenue and profit are all critical as you move forward, but keeping everything running is the priority for now.

Regular cash flow forecasts will help you keep focus. Here's why:

Cash flow and cost control — Insight How do I plan for dips in seasonal demand? Seasonal businesses need a business plan in order to cope with leaner periods. Read our article for our top tips.