Working with an accountant who is also a specialist business advisor to provide specific management advice makes a lot of sense, yet only a few firms are qualified and confident enough to do so. Read why.
Most businesses experience significant events such as acquisition, merger, liquidation, IPO, etc. A Management Buy-out (MBO) can be attractive to buyers and sellers who know each other well before the transaction. There are risks and careful planning is required. Our article explores these issues and why having a competent advisor is important.
Managing people is one of the toughest parts of running a business. Team development issues can have a real impact on your business reputation, customer retention and profit. Here’s how you put a system in place to listen to your team and use their feedback to make real changes to your business.
You’ve heard people talk about cash versus accrual accounting, but what is it all about? And why does accrual get all the glory? We take you through the basics.
Business Processes: Sometimes You Develop Them… Sometimes You Destroy Them There is a lot of talk in business about developing and implementing business processes. Once we understand the series of actions which result in a desirable outcome, we should teach people how to follow that… Read More >>
Success in sales is based on many things Good salespeople, good leads, good marketing, good products, good market conditions and so on. But what about sales management? That’s important too and it involves a senior person holding salespeople accountable for their actions. Let’s explore 7… Read More >>
A business is only as powerful as its team If you want to build a successful business, invest your time, energy and resources in building a strong team. Take it from Zig Ziglar, “You don’t build a business – you build people – and then… Read More >>
How to successfully manage your team As a business owner, managing your team may be the most impactful and challenging task you face. Particularly as businesses grow, owners find it increasingly difficult to communicate with every client, approve every purchase and dictate every practice. In… Read More >>
How To Know What It Costs To Create One Widget Estimating the accurate cost of products is critical for profitable operations. A business must know which products are profitable and which ones are not, and this can be ascertained only when it has estimated the… Read More >>
World-famous entrepreneur Sir Richard Branson says you should train your people well enough so they can leave… Then treat them well enough so they don’t want to leave. It’s a very important point. Many small businesses struggle to find good people; in fact businesses of any… Read More >>