If you are stuck doing manual repetitious data entry in your business then you are probably wasting time. Time is your most precious commodity and it’s a crime to be wasting it. If you have data in your business than you manually collect on paper and then input into spreadsheets or software then there [...]
Recently, on my way home from a client, stuck in traffic, trying to escape the business estate where they are located, I gazed through the office windows and I happened to notice how many filing cabinets there were. Filing Cabinets, just sitting there, all inconspicuous, taking up valuable room and representing how things used [...]
Many business owners would love to have too much work. In fact, of all the problems you could face such as lack of cash flow, employee issues, product issues etc; having too much work is pretty low on the list of problems to resolve but it is still a problem. Firstly, the enormous pressure [...]
A recent story in the Kent Messenger caught my eye. It was the tale of Tim Hale, the boss of a Maidstone based business, who returned from holiday to find his company's finance department had sent £20,000 to a scammer! It turns out, whilst he was away, his finance department received an email, supposedly from [...]
Here’s how we did it. It all started during a recent review with a client where we highlighted, with the MD, an issue that we thought may be causing them problems. Internal problems that they weren’t aware they were having. We had noticed that response time from their finance team was increasing, their cash [...]
A Bill of Materials (BoM) is a comprehensive, hierarchical list of the quantities of components, ingredients or materials needed to make a finished product. In manufacturing, all components required to manufacture a complete shippable item are listed by part number, description and quantity. The BoM can be used as a picklist of all items issued [...]
Traditionally accountants, like solicitors, record time to calculate how much to bill their clients each year. This means that every call, email, letter and piece of work is noted during the days, weeks and months and all jotted up to form the bill sent to the client. This all seems OK so far but we [...]
Imagine if you were a sports star and you had a great coach to help you with your game but you only had their attention once a year. You would be amazing for the one or two weeks after their input but you would probably pick up some bad habits the other 50 weeks. Now [...]
Businesses are meant to make you money, to support you and your family’s lifestyle. There are times in your businesses journey, especially when you are starting out, that you have to pay the business. It’s almost inevitable because you are making an investment in the future. However, this should only ever be a temporary position. [...]
Most customers won’t tell you if you have done a bad job they just won’t use you again. If it reaches that point it’s too late for those customers but to secure more repeat business you need to make sure what you are delivering is meeting customer expectations. There are two keys ways you can [...]
