Monthly Archives February 2019

What Is A Bankruptcy Petition And How Can You Avoid It?

What Is A Bankruptcy Petition And How Can You Avoid It?

February 27, 2019 | No Comments

In the UK, a debt of £5,000 is the minimum needed to serve a Statutory Demand on an individual. If ignored, this leaves you with the option to start bankruptcy proceedings. So, what is a A Statutory Demand? It’s an official document that serves as a notice to the debtor, (the person that owes you, or your company, money). Once registered, a Process Server is hired to serve (or sub-serve) notice on the debtor. Once served, it gives the defaulting party (your Customer, or ex-Customer) 21 days to come up with the funds to clear the debt they owe. Bankruptcy against
Read More

Know Your Worth: Are You Charging Enough?

Know Your Worth: Are You Charging Enough?

February 20, 2019 | No Comments

What keeps a lot of entrepreneurs and service providers from charging what they’re really worth? They don’t price their products and services correctly … … they think “I am not a sales person.” Now, combine that with a healthy dose of “It’s rude to discuss money,” and you can see why it’s easier to just keep your rates low. Even when you’re struggling to run a profitable business. Many people don’t charge enough and it’s destroying their business. Let me tell you a personal story. I’m a Debt Expert. No! Don’t run away just yet! Usually people hear what I
Read More

Stop! Do These 3 Things Before Raising Your Rates

Stop! Do These 3 Things Before Raising Your Rates

February 6, 2019 | No Comments

There comes a time in every entrepreneur’s life when you have to raise your rates. Maybe you’ve been in business for years without a pay increase You’ve realised the cost of living has gone up, and what you’re charging doesn’t cover your expenses Perhaps your skills have recently improved through a new training course or certification. Or maybe you just want to attract a higher calibre of client and increase your own business’s profitability. Whatever the reason, it pays to have a plan in place before your big announcement. Here’s how to raise your rates First, take a look at
Read More