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Why raising your prices will not be the end of the world – Part 2

Having a good pricing strategy is at the heart of giving added value to your customers and making your business profitable. Without the right price point, you're less likely to attract the right type of customers; you're less likely to bring in sales and more likely to limit your potential income. But as we explained in part 1 of this blog series, going for the cheapest price is not a sensible move for most businesses. If you're delivering a core service and high-level expertise to your c...

March 21, 2017

Why raising your prices will not be the end of the world – Part 1

As accountants we focus on giving added value to our clients. Getting your pricing right is the first step towards making your business more profitable. But so many of us get our pricing wrong, or simply don't place the right level of importance on achieving a sensible pricing strategy. So, what is the right fee to charge for your products and/or services? And why do so many businesses shy away from increasing their prices to a more profitable level? Let's look at why a value-driven price i...

February 21, 2017

6 New Year’s resolutions for your business

The seasonal holidays are over; it's 2017 and it's time for making (and sticking to) those all-important New Year's resolutions for the coming 12 months. And those resolutions aren't just reserved for your personal life – it's just as important to set some practical resolutions for your business too, helping you to meet your goals over the course of the coming year. So, with this in mind, here are our six suggestions for resolutions that will make sure 2017 is an amazing year for you and ...

January 15, 2017

Customer relationships and why clients leave their accountant

When you find a good accountant, it's likely that you and your business will stay with them for a good number of years. But if your accountant starts to feel like the wrong fit, there are a number of reasons which can lead you to jump ship. Research carried out a few years back by CCH Group lists a number of reasons why businesses decide to leave their existing CPA. And the surprise is that the number one reason isn't fees or pricing (as you might expect)… The biggest complaint that client...

December 15, 2016

Giving thanks for up-to-date financials

Your financial data is a goldmine of potential insights when you're running a business and need hard evidence to back up your decisions. And as we pointed out in our last blog, it's vital that your business isn't based on 'messy financials'. What you need are organized, structured and flexible accounts that give the financial information you need to run your business. The more current and the more 'real time' these numbers are, the more informed you are about your business health and the be...

November 23, 2016

Messy financials: the challenge of getting organized

There are plenty of entrepreneurs and business people who really don't have training in the basics of accounting and financial management. This knowledge gap can potentially lead to what we in the accounting industry refer to as 'messy financials' – a set of business accounts that's disorganized, not up to date and has little or no process around how the numbers are put together. There are also many entrepreneurs who don't believe their financials being in this kind of mess is such bad ne...

October 19, 2016

How technology has created a new breed of accountant

What does the word 'accountant' mean to you? You probably have an image in your head of a stereotypical accountant and what that person might do for your business. They'll wear a suit, do your year-end accounts, file your tax return with the IRS and then send you a bill – and that's the last you'll hear of them for another year. But increasingly, this stereotype of the 'bean counter' accountant is completely out of touch with the reality of 21st century accounting. The change the business ...

September 21, 2016

CrunchBoards – Get the perfect handle on your business numbers

You no doubt started your company because you had a great business idea, a passion for what you do and some expertise and knowledge of your industry sector. You probably didn't start your business to become an expert in accounting, numbers and financial reporting – that's why there are accountants in the world after all, right? But the huge changes in cloud accounting technology and financial technology (FinTech) solutions means it's now easier than ever to understand your business number...

August 19, 2016

7 signs your books and records are not as orderly as you think they are

Keeping the books and records for your business in order sounds like an extremely dull job. But what if getting them in order meant that you understood them better? Could use the numbers to help you make decisions faster? Didn't have to spend your weekends and evenings searching through piles of paperwork to find that missing invoice or receipt? Over the years we have found that many businesses think their books are in good order, when in actuality they're a complete mess. The purpose o...

July 10, 2016

Changing your perception of who accountants are and what they can do

There is a very real perception of accountants as financial experts (perhaps even wizards) whose knowledge and expertise is so far above that of small businesses that there are many financial aspects the business owner will simply never understand. This perception has been, unfortunately, allowed to prosper and has even been encouraged by some accountants. The thought that we have a high and noble calling to sorting out accounts, taxes, books, and other financial records is a flattering o...

June 12, 2016

6 ways to hit the nail on the head with Knowify

If you spend your days swinging a hammer, then you've certainly hit your thumb instead of the nail more than you want to admit! These painful memories give a true allegory for business: the moment you take your eye off the nail...ouch! Whether you're in residential construction, plumbing, electrical contracting, or a jack‐of‐all‐trades, having a system in place to help you manage your business and its finances is essential to the growth and success of your company. At Nimbus Integra...

March 31, 2016

New 5 reasons why ePayments make it easier and quicker to pay you

It's never been easier for your customer to pay you. In the digital age we have the options of instant card payments, online credit card payments, modern Direct Debit solutions and even direct payment gateways like Stripe and PayPal. So, why aren't you putting digital payment options on your online invoices? Good question, huh? Here are 5 reasons why ePayment options on your sales invoices make total sense....

March 3, 2016

Remove the pain of expenses with Expensify

Moving your business systems to the cloud offers so much flexibility, something we highlighted when introducing you to QuickBooks Online in our recent blog post. And one element of this built-in flexibility is the ability to add third-party solutions that work alongside your core QuickBooks Online hub. Whether it's a tool for tackling your inventory needs, or an efficient way to track project time, there's a QuickBooks Online add-on that does the job for you, with seamless integration into you...

January 14, 2016

Why and how payroll with Gusto has never been easier

If you're going to pay your employees, you may as well do it with gusto. Gusto cloud payroll software, that is. (You may have known them in a former life as ZenPayroll – but all the capabilities are the same.)...

January 8, 2016

Hubdoc: How to entirely remove any hassle with expenses, invoices, and bills

Paperwork. It's so unnecessary. Times were when paper was critical to small business success. Printers, printer cartridges, files, boxes of receipts, fax machines, even typewriters were a requirement for your own business. But it's 2016. And the great news you are likely already aware of is that paper is now optional. In general, this is true for life as we know it. Our smartphones hold boarding passes, bar codes, passcodes, and even identification. Of course, there is the odd gli...

December 23, 2015

From foundation to cloud with Quickbooks Online

Not long ago, the blueprint to launch a business included a plan, lots of money, endless reams of paper (and infamous printer cartridges) and a room to house your mainframe. Nowadays, you still need that plan — but a constant connection to the Internet is your new best friend (though a view from your kitchen table is nice-to-have, too). That's because the path to launching a business follows the way customers conduct their business. And if that sounds new-fangled, just think about how you g...

December 21, 2015

Rerun - Simplfy Your Billing

I would like to introduce an app that I recently discovered. Rerun (www.rerunapp.com) is designed to simplify billing for subscription and membership based businesses. I believe it will save some businesses a significant amount of money. Rerun allows automatic ACH drafts from clients' bank accounts for $1.49 per transaction. This is obviously much cheaper than the typical 2.9% credit card processing fee. Consider a client that you charge $500 per month for services. The credit card processing f...

October 14, 2015 Posts 26-42 of 42 | Page prev
 

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