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Making The Most of Your Business Andrew Logan TaxAssist Accountants Bedford New Business Network 16/4/12.

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Presentation on theme: "Making The Most of Your Business Andrew Logan TaxAssist Accountants Bedford New Business Network 16/4/12."— Presentation transcript:

1 Making The Most of Your Business Andrew Logan TaxAssist Accountants Bedford New Business Network 16/4/12

2 WELCOME

3 Back to Basics! Plan Differentiate Know the Numbers Time Management Get a Good Team Optimise Processes Optimise On-Line

4 Back to Basics! CASH IS KING Work ‘on’, not ‘in’ Continuous Learning Have fun

5 Plan Update Business Plan Customers Products/Services Suppliers Finance (Cashflow) Organisation

6 Differentiate DO NOT compete on price. You are unique. Service Location Smile!

7 Know The numbers Financial (profit, cashflow) Operational (Leads, Appointments, Conversions. Losses – Clients) Get some help!

8 Time Management Important rather than Urgent Beware procrastination Be effective and efficient Regular schedule – weekly, monthly, quarterly

9 Get a Good Team In-house Outsourced Someone to hold you accountable to the plan.

10 Processes Write them down Improve them See above

11 On-Line Website Social Media – it’s where the referrals are! Get Help

12 CASH IS KING Turnover is vanity, profit is sanity, cash is reality Forecast and monitor Credit Control – don’t be a bank. Overdue debts cost 10 times as much as bad debts (on average) !

13 Work ‘on’, not ‘in’ Build a business, not a job replacement (unless that is your aim). Always keep the target in mind. What does the organisation look like? Think of building a franchise The E-myth!

14 Continuous Learning Keep Learning! Things change – you need to.

15 Have Fun Enjoy what you’re doing Make sure the family’s on board.

16 Useful Contacts TaxAssist Bedford

17 Range of Services Business accounts & tax Self assessment tax returns Bookkeeping & VAT Returns Payroll Company formations Business Plans CIS Advice

18 Questions and Thank you!


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