20th April 2017
12th March 2018
Surely, if you are making a profit, there will be plenty of cash floating about? Not quite – and understanding the difference is critical, especially when it comes to paying your suppliers and staff. Avoid a cash flow crisis by understanding the numbers.
24th April 2018
How a few carefully chosen words can grow your business and earn you loyal spending customers.
8th May 2018
Any small business owner will tell you that getting to a sale is tough. Interest is relatively easy to generate but actually getting someone to say "Yes" is the tricky part. Recent research has suggested that 73% of customers say “No” at least five times before they will actually buy from you. Make sure you don't give up too soon!
22nd May 2018
There is a 'murky grey area' in the world of business, when you sub-contract a part of your business to someone who is self-employed. Depending on how much they behave like an employee may determine whether you need to run payroll for them.
7th June 2018
As a small business, cashflow is king. As you grow, getting enough income to cover the costs of expansion is vital, and that means more sales. So what can you do to increase sales without having to cut your prices (and therefore your income) to beat the competition?
19th June 2018
It is a constant juggling act to manage your own business so stepping away and looking at the bigger picture seldom happens. Taking the time out and getting a second opinion, however, are going to pay off - big time
3rd July 2018
Business success is all about constantly moving forwards. Take the time, however, to ask these four powerful questions focus on growth.
19th July 2018
15% of the UK population is self-employed and many others dream of being their own boss. This four-part blog series will take you through the main 'get-rights' for starting your own business
1st August 2018
For most new businesses, Tax can seem like a confusing maze of different things to remember. There are a range of considerations for what tax you pay and when, many of which will be new to you if you have always been employed before.
14th August 2018
Your business has been set up, so now we come to the actual business of being in business. This is where we have an exciting opportunity to plan, implement and grow your idea.
28th August 2018
Starting your own business can be exciting and rewarding even if there is a lot to organise. In this, the final part of this short series, we bring everything together.
12th September 2018
A while ago, small business owners were surveyed and asked what they most wanted from their accountant. The most commonly used word was ‘proactive.’
Not long after this, every accountant’s website started describing themselves as proactive, knowing it was what their target audience wanted to see. But that’s just the copy on the website. What should you expect from your accountant, over and above the basics, for them to deserve to describe themselves as proactive?
25th September 2018
So many accountants use the word 'proactive' but do you know what you should be getting from them if that is what they claim?
24th October 2018
If your accountant is truly proactive, willing to communicate and encourage you and can give you independent and objective advice on business issues, have you considered that they might be in the perfect position to become a non-executive director in your business?
30th October 2018
Lots of possible help in the Budget for businesses, large and small.
6th November 2018
Whether you are an established company or a start-up, setting both long- and short-term goals gives your business a clear vision for you, your colleagues and your accountant.
20th November 2018
5th December 2018
Setting goals yourself as the business owner is the best way to gain focus on your vision. Involving the people who are doing the work on a day-to-day basis not only gives you a working knowledge of whether your goals are realistic, but it can also mean that your team feel they have an important role to play in your business.
18th December 2018
Seven simple steps will help you achieve your goals.
15th January 2019
Taking care of the relationship you have with your clients is the first step in encouraging your business to thrive.
You might know all about what you are selling, but are you paying attention to who are you selling to?
29th January 2019
In this world nothing can be said to be certain, except death and taxes.
Yet, in all the uncertainty of running a business, the most certain aspect of it, taxation, often gets ignored, forgotten, or left to the last minute.
12th February 2019
Owning a business can be slog, but it can also be joyful. Seeing money coming in is one of the rewards of your hard work. But it’s not only about the 'cash in the bank' column in a ledger. Taking care of your numbers means having a reliable book keeping system to record all your financial transactions.
26th February 2019
Managing your payment process, from invoicing to getting paid, ensures you have cash in the bank. Here are some steps for a simple process to help you ensure that you are paid in full and on time.
12th March 2019
What is the most important thing in your business?
(Hint: It isn't the accounts...)
9th April 2019
The only thing that is certain is that every business faces uncertainty!
The real challenge with uncertainty is to not throw in the towel at the first hurdle, and keep on going and believing in your business, even when you can’t see the immediate way ahead.
23rd April 2019
When you decided to start out in business, did you dream of what it would be like to be your own boss?
You eagerly get your business underway and then one day reality hits! There is a LOT of work to do.
So, put the systems in place that allow you to delegate.
7th May 2019
If you want to grow your business, you need to ensure that your team are on board and ready, willing and able to grow with you. But none of us like being told what to do - so how do you get support from your team as you grow?
21st May 2019
As you grow you will want to get some expert help. So how do you decide what to do yourself and where to bring in outside help.
4th June 2019
BEIS has launched a policy paper about the ‘Four Grand Challenges’ to secure a prosperous future for Britain. As a growing business, there is action you can take now to be read when these challenges come - and put yourself ahead of the competition today.
2nd July 2019
Everything we do today revolves around the idea of work locations. We 'go to work' - in an office, a shop, a factory.... But technology and the needs of business have moved on. There is massive potential for small businesses to break the mould as they grow and to really make the most of work mobility.
16th July 2019
Modern healthcare is amazing - we are living longer and, for many, we don't feel the aging effect in the same way as our grandparents. In the media, it is most common to consider the social 'problems' of ageing but, are you considering the impact on your business of this increasingly mature market?
30th July 2019
The environmental agenda creates a curious dichotomy in the business world. As individuals we, of course, care about the future of the planet and the legacy we are leaving our children. As business owners, there is already so much to do so how can we be sure that ‘going green’ doesn't slip down the priority list.
13th August 2019
A small business is a passion and a joy - we live and breathe it and, more often than not, it occupies our minds long after the working day is over.
Running the business isn’t just in our thoughts, either. We work long hours - often 7 days a week - and the hours we work are far longer than if we’d been an employee - and far far less money much of the time.
There are some practical considerations that need addressing, as you give yourself to your business.
27th August 2019
Here you are, living the dream as the owner of your own business. If only you had time to enjoy it...
10th September 2019
Have you ever played a game of ‘What if..?’
What if I won £20m? What if the TARDIS was real?
Harmless, innocent fun – and something to while away a summer afternoon in a beer garden.But have you also given proper thought to What if..? within your business?
24th September 2019
One of the joys of owning your own business is that you love what you do. You started the business because you are passionate about it. You give it everything you’ve got. But do you want to be doing it for the rest of your life?
8th October 2019
The sad fact is, we are all going to die.
If you want your business to serve as a legacy for your family, there are things you need to consider.
23rd October 2019
Whatever the outcome of the next few days, weeks and months - whether we leave the EU on 31 October or there is a further delay - the impact of Brexit on small business owners has been significant and is likely to continue.
Take a look at our handy checklist to be sure you are ready for anything.
5th November 2019
There is no doubt that Electric cars are growing in popularity.
The appeal of zero emissions, zero road tax and a quieter driving experience plus improved technology all make low emission cars a viable option as a company car.
3rd December 2019
Keeping on top of everything as a small business can feel a bit like a game of ‘whack-a-mole’ sometimes. Just as you feel you’ve got on top of one topic, up pops another one that needs attention.
We feel it too, here at Grant-Jones Accountancy and that was what prompted me to write a series of blogs on things every business needs to know.
17th December 2019
When it comes to working to a budget, things don’t always go exactly to plan! There are so many variables involved that it’s nigh on impossible to predict everything, and in particular things like steady sales, or even steady expenses for that matter.
So why bother to even have a budget?!
12th January 2020
You’ve completed all of the essential preparation work for your 2020 budget, and now it’s time to put pen to paper with some facts and figures.
So, grab your notes and let’s get started...
21st January 2020
The work you completed in the planning ahead phase created your ‘forward budget.' Do your figures give you a picture that you’re growing your business reserves? Are you paying enough dividends to yourself as well as others?
Often (almost always!) your first budget outline won’t give you the figures that you want.Here is where 'backward planning' helps.
6th February 2020
You’ve just started out in business. It’s just you (or maybe you and a business partner). There isn’t much going on. Everything is in your head and it all gets done.
But what about when it gets busy?
21st February 2020
Are you ready to grow?
If you are, then financing your business is an important part of this.
Here are some of the options available.
3rd March 2020
Are you ready to grow?
If you are, then financing your business is an important part of this.
Here are some more of the options available.
17th March 2020
In these uncertain times we wanted to reach out to all our followers with some support and guidance to help you.
This article is to support a strategy meeting (which can be held online as well as face to face) designed to help a team agree on a short-term tactical plan to support the UK government's objective to minimise and slow down the spread of Coronavirus to reduce pressure on the NHS.
31st March 2020
Last week’s announcement from the Chancellor set out a raft of measures to assist businesses which could make a vast difference to many other businesses. There are a number of actions that can be undertaken to prepare for speedy applications and to prioritise what is most time-critical.
14th April 2020
At Grant Jones we know what it takes to support your business through the current economic climate. In 2008, just 2 years after Grant Jones was formed, the UK hit one of its most turbulent times in its economic history. At a time when many well-established accountants went under, we rode the wave and came out even stronger. How did we do that? Adaptability!
29th April 2020
This week the Government announced the Bounce Back Loan Scheme to help those who haven’t been able to get funding via CBILS.
12th May 2020
In the current situation, there are a range of different grants, loans and support for businesses. HMRC have updated their guidance outlining the process for applying for SEISS. This grant is aimed at the Self-employed, and is available for people who filed a self-assessment tax return for 2018/19 with profits of less than £50k - are you eligible?
26th May 2020
Even though the lockdown is lifting, the impact of this period of disruption continues to impact businesses. No one can deny that the Government has provided a lot of help and aid to keep the economy afloat but, as always, not every type of business is assisted by every type of initiative.
9th June 2020
As we begin to emerge from COVID, are you ready to get back in the game and re-energise your business?
It’s been an interesting time for businesses across the UK and without doubt across the whole business landscape there have been winners and losers. We’ve seen it very clearly in the technology, comms and software development companies, a sector we specialise in. With restrictions lifting, regardless of your circumstances, there are things you can do to re-energise your business, make the most of any gains or ensure your income wheels start turning once more.
22nd June 2020
It’s always helpful to revisit your plans because, in reality, nothing ever really goes exactly the way we expect it to - 2020 has been unusually extreme for this! The question is – how are you going to fight back in 2020 and what does it mean for 2021 and how you look further ahead?
3rd July 2020
Forecasting for 2020/21 now is crucial for re-energising your business post COVID. You’ll need to revisit your budget, sales forecasts and cash flow to ensure you have a rock-solid plan to help you move forward again. Here are some things to consider…
3rd August 2020
Looking at your costs for the year needs to be a priority if the landscape of your business has changed. In order to manage your business effectively, you need to have a good grip of all your numbers - especially your costs.
14th August 2020
For some, COVID-19 has generated a big jump in their business, which may have been unexpected and felt like a bit of a whirlwind. If this was your experience, that’s great news! The question now is – can you sustain this growth?
29th August 2020
Whatever your business, knowing how it's doing at any point in time means you're able to make the most of opportunities and respond quickly to threats. So how do you keep your finger on the pulse?
14th September 2020
When it comes to metrics, I could easily reel off a long list with definitions for you, but in reality that’s not actually very helpful. Why? Well, because it doesn’t answer the pressing question most business owners have which is, “How do these help me?” So, instead I’d like to share a client case study with you...
28th September 2020
There are a variety of ways that metrics can help drive decisions for your business. Of course, being in touch with your finances will be something you think of when you talk to your accountant. That’s not the only way they can help though...
12th October 2020
We all know that when it comes to business, one of the key things you need to have a handle on are your numbers. However, there’s no point having numbers for numbers sake! You need to understand what the numbers your tracking actually mean.
26th October 2020
When your business already has tried and tested systems and processes in place, it can sometimes be hard to take an objective step back and see how they can be improved. But, there are always tweaks that can be made; here's a great example...
9th November 2020
When your teams don’t understand and collaborate well it can be incredibly frustrating – and costly! All too often departments adopt a mindset that they only need to be concerned with how their own team is performing, without considering the overall goals of the business. But how do you overcome this?
23rd November 2020
Sitting down and getting really clear on what you want for your business and why you want it is really important. So, whether you're just starting out or your business is more established, if you’re not sure what really matters to you then it’s time to get clear...
3rd December 2020
All too often one of the first things people focus on when they’re starting their business is designing their logo and nailing a catchy tagline. But before you invest time and money in that direction, you first need to put your energy into getting clear on what makes your business different...
4th January 2021
Planning is a key element to running a successful business, yet you’d be surprised how many businesses don’t have a plan in place! To reach your goals, you really need to have an effective business plan. It doesn't need to be complicated - here's a simple structure...
5th January 2021
Domestic VAT rules have not changed. However the VAT rules relating to trade within the EU have. Here's an outline of what's different...
18th January 2021
The aim for every business is to have an abundance of happy customers who continue to come back and who regularly recommend you. Having lots of repeat business tells you you’re getting plenty right, but when it comes to understanding your weaknesses and identifying new opportunities, your customers are often the best people to support you. So how do you go about enlisting their help...
1st February 2021
Have you heard of the 80/20 rule? Also known as the Pareto Principle, the 80/20 rule states that 20% of your activities generate 80% of your results. Let's take a look at how we can apply this rule with our customers and income...
15th February 2021
In the business world it’s almost unheard of not to have any competitors, which is why it’s so important to know why and how you’re different from other businesses. Done correctly, an effective value proposition can give you a huge advantage over your competitors. Let's have a look at how you can make sure your customers know you offer what they need...
2nd March 2021
Your business might provide the best product or service in the world, but if your team isn’t happy it will impact massively on the success of your business. A big step in building a happy team is making sure your people are able to contribute to the growth of your business and feel they are being listened to. But how do make this possible for them?
15th March 2021
There’s no better way for any business to get new customers and build sales than by referrals. They are the lifeblood of a successful business. Not only are referrals the number one source of new business; they are the leading source of the best new business. So how do you go about getting them...
29th March 2021
In the business world, you need to collect and manage a lot of information about your customers, prospects and referral sources. To do this effectively and efficiently it’s important to have a robust contact management system in place. But how do you choose the right one for your business...
12th April 2021
Having an attitude of gratitude in every area of your life has been proven to be hugely beneficial. While thinking grateful thoughts is great, actually taking that next step and putting some action and expression behind your gratitude makes it even more powerful.
26th April 2021
Sustainability is a word that’s bandied around a lot at present, with talk of sustainable processes, fashion, food and lifestyles. At Grant Jones we also understand the importance of sustainable practices within the internal structure of a business. Let’s take a look at the areas this covers...
10th May 2021
As business owners there’s always so many pressures on our time and getting the balance right between working on versus working in our business can be pretty challenging. It’s important to feel like you’re in control of your day and not the other way around! So, let’s have a look at a few things you can have in place to make sure that's the case.
24th May 2021
In every business there’s a whole range of jobs that must be completed on a weekly basis. When you first start out the likelihood is that you’ll be juggling a lot of these jobs yourself. But as your business expands, how are you going to manage your time in an effective and sustainable way?
8th June 2021
One thing’s for sure, there’s no certainty when it comes to business! There are always going to be bumps in the road to overcome. So how can we make sure we’re prepared for as many eventualities as possible if the worst happens...