tips…

We always believe that you should always get professional assistance whenever possible, although it may seem expensive an expert in their field will save you money in the long run.

We are constantly looking at ways of helping people and their businesses, we always welcome any input or suggestions that you may have, we will be updating this page whenever possible but for now here are some simple tips for starters:

dealing with the credit crunch and difficult times

1. review your business and practices, this is the time to cut out unecessary expenses, make deals with your service suppliers and look at ways of making your whole business process simpler and easy to manage. 
2. chase debts and any money that you are owed, if you fail to collect money owed to you and the company subsequently goes into administration or receivership you are unlikely to receive any money for work you have done or goods supplied.
3. If you are in difficulty talk to professional advisors and banks it is not in anyones interest that you go out of business, particularly if you have spent years developing your business. 

starting a new business

1. choose the most appropriate structure for your business, being a limited company may not always be the best way to set up your business, there are several other easier options such as sole traders or partnerships.
2. invest money on professional and experienced advisors.  Good advice is priceless and it will save you money in the long run. The addige a stitch in time save nine is never truer as excellent advice will enable you to do business as opposed to constant firefighting.
3. spend time looking at financial reporting make sure you set up your accounts and financial reporting correctly, this information is the heartbeat of your business and good financial information lets you make informed decisions.

practical tips

1. back up data, yes you know that you should but do you?  If you do not you are inviting trouble, these days there are very affordable solutions that will enable you to back up business critical data your business is in threat if you do not!
2. plan, plan, plan, you can never plan to much, plans are always moveable feasts but they ensure that you are aiming at a target, review your plans regularly and don't be afraid to change them
3. lease or buy outright, when buying business equipment, leasing is tax efficient and can be used spread your payments over an agreed period of time, and don't worry most leasing companies will include the cost of ownership in the leasing arrangement

If you have any tips please let us know so that we can share them with others who can benefit from your advice and experiences This e-mail address is being protected from spambots. You need JavaScript enabled to view it .