We’ve helped two clients out recently who started out in business, were successful, took on staff and found themselves a year later with lots of sales but much reduced profits – with key (supposedly trusted) members of staff earning more than the owners. How does this happen? And how can it be avoided? The point […]
Author Archives: effortless
The provision of accountancy services is mostly unregulated for owner managed businesses. Anyone can say that they are an accountant without being qualified or registered and we often hear about tax and accounting advice passed down from sages (excuse the pun) at the local pub. We know that there is a huge choice of accountants […]
If I’d had a pound for every business owner I’ve seen managing their business on their cash balance I’d be a wealthy man. It’s very common and ensures that 80% of businesses stay in the zone of struggling or just getting by instead of thriving. It’s true that the cash balance in a business is […]