Until You Make a Profit, You Don't Have a Business

UNTIL YOU MAKE A PROFIT, YOU DON’T HAVE A BUSINESS

I have heard it said before that, until you make a SALE you don’t have a business…but…I believe that…on top of that…until you make a PROFIT, you don’t have a business either – you have an expensive hobby. Years ago, when I wasn’t making a profit, when I was “reinvesting” all the sales revenue in …

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I Don't Need a Financial Plan, I can Go On My Gut Feeling

I DON’T NEED A FINANCIAL PLAN, I CAN GO ON MY GUT FEELING

Intuition is really key in our businesses and in our lives…but I don’t believe that you should SOLELY rely on it when it comes to the financial health of your business…I believe that you need a robust, implementable and systemised, financial plan to achieve the financial results that you want. After all…money manifesting required action …

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Myth - If I Keep Reinvesting In My Business I Will Manage To Take More Money Home

MYTH – IF I KEEP “REINVESTING” IN MY BUSINESS I WILL MANAGE TO TAKE MORE MONEY HOME…EVENTUALLY

Reinvesting money in your business is not a bad thing…if it is done consciously, with a robust profit plan and cash management strategy. Reinvesting money in your business when it’s just a smoke screen for spending all the money you are making is a bad thing. Work out which you are doing…are you telling yourself you …

MYTH – IF I KEEP “REINVESTING” IN MY BUSINESS I WILL MANAGE TO TAKE MORE MONEY HOME…EVENTUALLY Read More »

Is Your VA Doing Bookkeeping?

IS YOUR VA DOING YOUR BOOKKEEPING?

If they are…then please KEEP READING…you might be leaving yourself exposed… The UK Money Laundering Regulations 2007 state that anyone proving accounting services (which also includes bookkeeping), has to be registered with HMRC if they are not already a member of an accounting or bookkeeping professional body.VA’s need to be registered when they: Advertise bookkeeping services …

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