You forecast that the next project will take a month and make you £10k of profit. But when you go to look in the bank at the end of the month you see a different number. Why does this happen? Let’s start by defining what profit is. Simply put, profit is what you have left […]
That’s right. It’s entirely possible that your current accountant is costing you money. Let me expand on that statement by exploring some of the ways that your existing accountant could be costing you money: 1) They don’t understand your business and your goals Has your accountant even asked what your goals are? On both a
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Over the years I have come across numerous agency owners and management teams who don’t fully engage with understanding the finances as they (rightly or wrongly) believe they can’t rely on the information that is being provided. This is typically because of two reasons – the reports are out of date or the data used
I believe that every business owner should understand their financial statements and the main components of them. I’m not expecting you to become an accountant but at a minimum, you should understand what the statements are for, what the important things to look at are and what the potential warning signs are. I appreciate that readers
Why do you do what you do? I don’t just mean working with great people to deliver great work for great clients. That covers pretty much every agency ever created. But why did you go into business in the first place? And why do you run your business now? And most importantly where do you