Monthly Archives October 2015

We all enter business with an idea and from that Plan A grows.  It’s the idea you’ve thought of, developed and marketed from day one. You’ve built your cash-flow projections, opened your bank account and had a website written. You’re good to go and then things change so you adapt the Plan but ultimately it’s still Plan A. Have you considered Plan B ever?  What is your Plan B? Let’s look at Plan B: Plan A You love upcycling furniture and start doing it in your garage, selling the pieces you work on and turn a decent profit.  After a
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If you outsource any aspect of your business to a third party do you have an Engagement Letter from each service provider and what should you do if something goes wrong? We have recently engaged a few new clients who have experienced issues with their previous accountancy providers.  Whilst this is good news for our business, as we gain new clients, it’s also bad news for the profession.  The clients’, having been disappointed with the previous service they have received, almost become distrustful of the profession as a whole. Having gained the clients we are now having to work extra
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“My client has not paid me” If you frequently say this and you don’t have a credit control process what should you do? We all know only too well why we start a business, and the reason is personal and differs for each and every person.  However there is one goal in mind….to make something to sell or to provide a service that we will get paid for. You have started your business, you’ve activated your Facebook, Twitter and Google+ pages, you’ve had your business cards and letterheads designed, you’ve registered your business either by registering as self-employed with HMRC
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