forecasting / 3 posts found
I want more money!
Prepare, prepare, prepare and if in doubt, prepare some more. If you are looking for someone else to put money into your business, it is your job to convince them. There will always be other businesses after their investment, so you need to make it crystal clear why they should pick yours. The most important factor to your investor will be your figures. These must be correct and must agree. Far too often people approach potential investors with incorrect figures that contradict each other. You need to understand what you are showing your investor. Your management accountant will help you [...]
How fast can you react?
Are your reactions lighting fast? Or are you struggling to keep up? Fast reactions are useful in a variety of situations; accidents, emergencies, but also in business. The ability to react to changes in the marketplace is one of the main areas where small businesses can beat big businesses. Being able to judge the trends and changes in a marketplace and ensure that you are in a good position quickly can be an indicator of success. But what has this got to do with accountants? Imagine you have a small company that sells blue widgets, and the big company that [...]
Planning or regretting?
As we have outlined in recent posts, change is upon us and come the end of March next year, the combination of Brexit and the advent of Making Tax Digital (MTD) will change much that we have taken for granted. Apart from the cross-border considerations (import VAT, customs duties and the like) MTD will require all affected businesses to link with HMRC by using approved software. The time to figure out the best strategy to survive these changes need to be considered now. Businesses should be taking time out to draw up contingency plans, and if possible, before March 2019. [...]