As a Small Business Owner, do you sometimes feel that there are too many Jokers out there taking the absolute P when it comes down to paying you on time? Read my blog on how to turn Batman on them.
Read More
How To Reconcile Debts Without Legal Action
What happens when a Business Defaults and delays making payments to Smaller Business Owners like you and I? This blog looks at what all Small Business Owners can do to try and eradicate any nuance towards taking legal action. I’ll looks at some simple things that you can do to tighten up your own processes: Record Keeping What kind of CRM system are using at the minute? Is it ISO compliant? Does it adhere to the jurisdiction and market that you are operating in safe record keeping, so that when a dispute arises, everything is carefully documented? Open Communication Most
Read More
5 Tips To Beat Procrastination
Do you sometimes feel as though you’re sinking? That there’s a lot to do, but there isn’t a lot of time to get it done? Do your emotions run high when you look at your To-Do list? You think “how am I going to tackle all of that today?” I think it’s safe to say, we’ve all been there. Gone are the days when you used to work as an employee, pigeon holed to perform just one task. … Maybe you’re still that employee, but your focus has shifted to something that serves a greater purpose to you, and what
Read More
Why You Can Never Be Too Careful In Business
Say a customer comes to you and admits that, for whatever reason, they cannot pay their debt. They must seem genuine enough, right, considering it is coming from them directly? It is always good to be on your guard, all that glitters is not gold. This is true especially when looking for a new supplier, as you’ll see from my experience below. A while back, I needed to update my computer virus subscription as the prior one was out of date. Once updated, I tried to upload the new subscription, but I’m not a computer expert and this befell me.
Read More
7 Useful Tips For When A Customer Goes Bust
Big or small, we could all face that sickening notion when one of our Customers gets pulled into some sort of insolvent triangle. The kind that means you can’t get in to take out what you’re owed. “I’ve gone bust” “We’re shut, go away.” “We have entered into liquidation/administration” “We’re about to go bust, but are setting up a new company” What do most creditors (companies that are owed the money) do? Larger companies may likely just write the debt off. Smaller companies may seek further advice from their accountant. Below is a short guide to understanding the basics when
Read More
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 As Complex As You Make It You may need / want to consider: The competition Your own skill set What you perceive to be your skills What your market will pay Your location And a host of other variables. Working out what to charge can
Read More
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, you’ll be able to keep your Customer details in a central database, making it easier to keep track of them. Basic account keeping is key for sustainability Rather than your usual spreadsheet, there are so many add-on accounting software packages available to use now: Kashflow
Read More
7 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 as assessed. It’s a complete different ball game. For me, it’s all about ‘Keep Performing Internally’. What does this mean to you? You have a purpose – along with your business goals. It’s taking one step at a time and creating the notion that, it
Read More
How 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 hard to come by. Yet, I can’t understand why anyone would chose to deal with debt collectors if they knew how to avoid them getting involved in the first place. So, I decided to write this guide to try and safeguard you from falling foul
Read More
What 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 to show what the enemy was getting up to. The same can be said of the DPA (the Data Protection Act 1998). It basically requires that organisations have a system in place to transfer records into a format which is easily understandable by those who
Read More