Posts Tagged ‘Financial Advice’
Strategies For Knowing What To Charge
What’s the hardest decision you’ll ever have to make? Churchill said that naming a kitten was the hardest job in the world. My online entrepreneur friends tell me it’s buying a domain name. Real-world business experience tells me the most stressful decision you’ll ever have to make is knowing what to charge. Pricing Can Be…
Read MoreCredit 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 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 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…
Read MoreCompany Directors Behaving Badly – Part 1
Over the next couple of weeks I’ll be looking at Creditors rights. What they can do to keep on top of their credit checks and what restrictions are placed on Directors who continue acting without making changes. This week I’ll be exploring what Rights Creditors actually have. For businesses large or small in respect of…
Read MoreWhy You Should Be Charging Late Fees
Managing a steady cashflow is never easy. With so many business attributes in abundance – it’s essential to have some sort of leverage to ensure your business gets paid. … and to deter would be non-payers. Here are 5 key reasons why the Late Payment of Commercial Debts and Interest Act 1998 (UK only) –…
Read MoreWhy Dealing With Complaints Makes Financial Sense
Having been committed to various roles in ‘Recoveries’ for the last decade or so … The sceptic in me always does a rigorous check to see if all angles have been covered before legal action is even considered. Now, you might be thinking – “Yes, I’ve covered everything All my letters/calls have been ignored.” Are…
Read More