Credit Control Reporting Made Simple
When you first began your business you probably found yourself doing everything yourself. … but as you slowly begin to grow you have to ensure that you have a system in place to record your cash collection. Why is it crucial to keep records? As well as keeping accounts and your annual return records organised,…
Read More7 Tips For Struggling Business Owners (From someone with experience)
What are KPI’s? It’s a widely used acronym to decipher one’s role within an organisation. It stands for ‘Key Performance Indicators’ and it ensures you’re performing to the best that you can be. But what about when you are running your own business? KPI does not stand for the aforementioned measurable targets by which you are…
Read MoreHow to avoid debt collectors showing up at your door
There are countless articles out there explaining what you can do when a Debt Collector/High Court Enforcement Officer turns up on your doorstep. (Whether they appear at your front door or at the office.) … but what can you do to avoid them showing up in the first place? This information seems to be very…
Read MoreWhat do R2-D2, C-3PO and the ‘Data Protection Act’ have in common?
What do R2-D2, C-3PO and the DPA have in common? While the first two are characters from the ever powerful Star Wars Films, the other stands for Data Protection Act. The whole idea behind R2-D2 and C-3PO is that they were there to support the team. … be it through translation of cultural differences, or…
Read More12 Effective Ways To Get Money Out Of Your Customers (Quickly)
There’s so much to take into contention when running a Business: Spiralling costs Rush of new sales Getting in old debt as quickly as we can Getting out there and chasing for new business Ensuring that account management on existing Customers is going smoothly. And these are just the tip of the iceberg, without having…
Read MoreStop Selling Yourself Short By Discounting Your Rate
It happens to every entrepreneur, every business owner and service provider at one time or another. … it will probably happen more than once. … and it will keep on happening until you learn how to deal with it. What am I talking about? Picture this scenario. You’ve met with a potential client, you’ve had…
Read MoreCustomers: The Good, The Bad and The Ugly
Sales can help you forecast how much your Business is going to make over the next few months … But the reality is … If invoices aren’t paid, the deal isn’t sealed. At the end of the day – Cash is King…. As business owners, we usually have several different kinds of Customers; The Good…
Read More5 Way To Deal With Being Evicted
Is the Court system prejudicial towards victims? … Or do some companies just abuse their dominant position in targeting the vulnerable? Repossessing and evicting tenants is sometimes necessary … But the grounds to overcome it can apply so much pressure it can cause people to feel helpless. It’s reminiscent of an old episode of the…
Read MoreIs There Ever A Right Time To Write Off Bad Debts?
This question has been posed to me many a time from SME’s and key decision makers. This should be guided by your Accountant, but realistically it really depends on your business circumstances. Many examples spring to mind regarding an ‘ideal time’ for a Bad Debt Write Off, here are just three of my experiences while…
Read MoreCompany Directors Behaving Badly – Part 2
In last week’s blog I talked about the actions Creditors could take in relation to the Companies Act 2006. This week, I’ll be covering why the CDDA (Company Directors Disqualification Act 1986) was brought into contention, and the restrictions that can be imposed on fraudulent directors. This 2014 article from the Financial Times shows the…
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