When I started Loud and Clear Accounting, I had 12 years accountancy experience and approximately zero years’ experience of running a business. Now, you don’t need to be good at numbers to see that my experience was pretty heavily weighted towards a particular skill set...
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As soon as you become a business owner, you immediately become very popular. This is because everyone makes two assumptions about you. The first is that you have lots of money. The second is that you are prepared to spend that money on making your business a su...
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So many of us see dipping into our overdraft as a natural part of running a business. There's no shame in having an overdraft or even using that overdraft. After all the banks are quick to offer you one when you first set up your account and it is incredibly handy to ha...
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Have you ever looked at your bank balance and wondered where all the money has gone? The way cash flows through our businesses is rarely a surprise. After a while you can easily memorise the regular direct debits, the wages, the loan repayments and the client retainers....
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You're in business, you're making sales, you're busy and everything is going great. Everyone wants to work with you. Your reputation is sturdy. Competitors copy you. You've recently taken on more staff and now have a larger office. Look up success in the dictionary and the...
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Starting up a business takes a lot of work and with that comes a shed load of pride. No one wants to defiantly walk away from employment only to return a couple of months later with nothing but an overdraft to show for it. No one wants to be working long hours to pay back ...
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1. Make sure you have a business bank account. It doesn't matter if you have one sales invoice and three expenses a month, get into the habit of keeping things separate. It will help you with your accounting, it will help you understand your business and it will hel...
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Your business has two primary functions. The first is to attract customers and the second is to turn these customers into cash. I know it all sounds very cold; there's no hint here of your passion or your goals but ultimately that is what every business is trying to do. ...
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As we roll into 2017, the theme is always New Year resolutions, goals and targets for the upcoming months. "2017 is going to be our most successful year ever" the entrepreneurs' cheer in unison. Hurray! Probably the most popular goal is to grow your business. The que...
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Real time information. This has been the buzz word in accountancy and bookkeeping circles for a couple of years now. Pretty much every article or blog on the subject will try to tempt you away from your beloved excel spreadsheet or your tried and tested desktop software su...
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