For many businesses, year-end accounts are a mere compliance requirement, completed long after the year has ended. However, relying solely on annual financial statements can be detrimental to the growth and success of a company. In this blog post, we will explore the limitations of year-end accounts, highlight the benefits of regular financial reporting, and … Continued
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Running any business comes with its fair share of challenges, and navigating the financial aspects can be particularly demanding. Many businesses find themselves in situations where they could benefit from the expertise and guidance of a Finance Director, whether it’s controlling costs, looking at pricing, improving profitability and cash, accessing funding, or making strategic decisions … Continued
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As a Business Owner, understanding the financial aspects of your business is crucial for making informed decisions that drive profitability. Two commonly confusing concepts are mark-up and margin. While they both play a role in measuring profit, they have different meanings and applications. In this article, we will help you understand the differences in mark-up … Continued
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In today’s fast-paced and competitive business landscape, maintaining high-quality standards is crucial for success. One powerful tool that has emerged as a benchmark for quality management is ISO 9001. This blog post serves as a summary guide for small business owners, covering what ISO 9001 is, how to obtain it, and common pitfalls to avoid. … Continued
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We had a great time at the Yeovil Business Fair 2023 on Wednesday, held at Yeovil Innovation Centre. With over 40 trade stands, including our own, it was the perfect opportunity to meet other local businesses and get involved with some networking. Here are some photos from the day:
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Let’s look at why we recommend Xero Xero was one of the first platforms built with business owners and users in mind (rather than created for the accountant). It has always been cloud based and Xero are always looking at ways to improve their system. What we love about Xero We love: We use a … Continued
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Recurring income, also referred to as residual or passive income, is earned by creating or acquiring an asset that continues to pay you income regardless of whether there is still active work being done to the asset. Every Business Owner’s dream! Even so, a lot of Business Owners haven’t managed to acquire or have thought … Continued
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We have all been warned not to ‘put all your eggs in one basket’ at some point in our lives. A playful warning to simply remind us not to rest all of your opportunity and success in one place! Never truer when it comes to customers for your business and making sure your entire business doesn’t depend … Continued
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