The software you use for accounts, sales, purchases, marketing, HR and other management processes (aka your "app stack") generates a goldmine of insightful data every day. The trick is to recognise and learn from those oh-so-important information nuggets. #digitaltransformation #businessdata How do you record, measure, and analyse the data being generated by your business?
Customers that stretch out how long it takes to settle their bills are costing you more than time and frustration. However, increased electronic connectivity between small businesses, accountants, and financial institutions coupled with cloud accounting and traditional methods can help your debtor management. As with any relationship, timely communication between creditors (suppliers) and debtors
How often do you get to the end of a work day and wonder where the time went? You barely dented your to-do list, let alone completed it. Delegation, either to internal team members or external contractors, is a great way to free up your precious diary space. But is it that simple?
At Pathfinder Solutions, we're chartered accountants and seasoned business mentors. Therefore, we often help clients identify the crucial business reports they need to focus on. Here's an overview of how to track performance, take action, and prepare your company for surviving the new business normal (whatever that might be!) To
Your business should be one of your biggest assets – but what’s it actually worth? Whether you want to sell your business, adjust the ownership, borrow, or calculate your net worth, a business valuation can be extremely useful. Figuring out a dollar value means factoring in lots of variables, but earnings and assets are
Why should your customers choose you over your competitors? Establishing your unique selling point (USP) is about uncovering and communicating the real benefit you offer customers. #marketing #businessadvice #SME Making your business stand out in a crowded market can be challenging, but differentiating your business is vital for attracting your "Class A"
We all have days where we nail it at work & feel like it’s been a great day! But there are also days when we leave work feeling like we haven’t achieved anything and a bit flat. While we can’t eliminate those bad days completely, we can apply principles to limit the number of
Are you feeling burned out in your business? Here are some simple strategies to reduce your stress, free up time and help you to fall back in love with your business. Are You Suffering from Business Burnout? This time of year can be very demanding and exhausting for many business owners. Are
As a business owner, you can spend so much time building your company that it's easy to overlook some important factors. One of those is succession planning – and while it may seem like something to worry about in the distant future, if the unexpected occurs (eg: health issues) you’ll be much
A personal budget is a finance plan that allocates future personal income towards expenses, savings and debt repayment. In other words, it’s a plan that sets out how you’ll spend and save your money. This definition of a personal budget makes three important distinctions: Firstly, this is a personal budget. Its purpose
