Usually, when people want to increase their finances they look to cut their expenses. But this can only get you so far! Unless you already make a lot of money and spend lavishly, you probably don’t have a lot of room to budge when it comes to decreasing your expenses. If you’re looking to increase your revenue stream, what you should be focusing on instead is making more money. So, here are our top 5 tips on how you can increase the profit in your business.

Time can move at a rapid pace when you’re a business owner. The days merge into one and before you know it your first year of business is complete. When you’re working so hard it can be easy to forget to check in on how your business is tracking. Incorporating the below tasks into your monthly to-do list will ensure your business is going in the right direction – which can make all the difference to its success!

One of the most important decisions you’ll have to make when first starting out your business is choosing the right business structure. Why? Because it significantly affects your business legal and operational risk, asset protection, tax obligations and legal costs. Whilst it is possible to change structures down the line when your business is more established, this can be a complex and costly process. Therefore, it’s best to choose the right structure from the ‘get go’ that reflects your business’ future goals.

WELCOME TO 2021! A new year is here and with that new opportunities for growth… Have you started planning what you want the next year and beyond to look like? Setting business goals can seem daunting, especially given the year we’ve just had! But taking the time to define your goals can actually help you achieve them faster. Here’s how you can transform your dreams into reality with effective business goal-setting (and a little hard work & dedication!).

As a small business owner on a limited budget, you may think that the cost of an accountant is not the best use of your money. If you have a background in accounting and a solid understanding of finances, it may be a good place to cut costs. However, if you are lacking experience in accounting and bookkeeping and hope to just learn as you go, you may be hurting your business in the long run and making a costly mistake.

Staying in regular contact with your accountant is SO important! All too often we see clients who only get in touch with their accountant once a year at tax time. But your accountant is there to be your advisor and partner in business all year round. If utilised correctly, they can help you make decisions and implement processes that will see your business grow.