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The power of cash flow forecasts

At some point in its lifetime, every small business suffers from cash flow problems. The trick is to think ahead and figure out when these problems are going to arise, so you don’t have to unexpectedly postpone a purchase or...

Gain customer loyalty and keep your regulars for life

Long-standing customers form the backbone of a strong, well-established business. Make it your mission to ensure that the vast majority of your current customers stay with your business for many years to come. Why it’s vital to keep existing customers...

Six ways to solve 80% of your accounting problems

Accounting problems can have serious consequences for your business and are definitely worth avoiding. Here we outline six ways to solve the majority of your accounting issues. 1. Know the difference between profit and cash flow If you’re a new...

10 ways to build a competitive advantage

A competitive advantage is something that you offer or have that the competitor does not. There must be some compelling reasons for people to do business with you rather than with other businesses. The need to identify your point of...

Labor charge out rate calculator

If you have a business which charges for labor, use the Labor charge out rate calculator to work out how much you should be charging. Download the Labor charge out rate calculator

Grow your customer base with the right accounting software

More than just a book-keeper If you’re thinking that your accounting software is there just to look after your finances, chances are you’re missing out on what it can do to grow your customer base – and improve your profit...

Work out a price for your service

Many service providers simply pitch their price somewhere near the middle of the prevailing market rate. But it makes sense to calculate your overhead costs and hourly rate to work out what price you should charge to ensure the income...

How to scale your business for growth

Growing a business is one of the most fundamental goals for all small business owners. Successful businesses are those that are always looking for opportunities to grow and making the most of them. What is scalable growth? Scalable growth involves...