small business    Page 5

Tag: small business

the trouble with debt

The Trouble With Debt

The three ways accountants can get in trouble with debt financing their practice are: Using short term debt to make long term investments. Doing ...
new services

Introducing New Services to Existing Clients

This strategy is about creating new services that you can provide to your existing client base.  It is similar to the low hanging fruit ...
low hanging fruit

Selling Existing Services to Existing Clients

For a practice wanting to achieve organic growth this strategy is best described as ‘low hanging fruit’. It is simply about ensuring that every ...
good office

The Effect of a Good Office on Productivity

Productivity studies show that the most significant factor in determining an employee’s ability to focus is their physical environment. A well-designed office can increase ...
KPI

Accounting Practices KPI’s

An accounting practice’s key performance indicators (KPIs) are the set of quantifiable measures that are used to gauge or compare performance in terms of ...
Working Capital Management

Working Capital Management

Working capital management involves ensuring a practice has positive working capital so it is able to continue its operations and have sufficient funds to ...

Practice Sin 7 – Poor Time Management

Principals often spend too much time on activities that have no value. The Pareto analysis can be applied to time management. This is the ...
Delegation

Practice Sin 6 – Dreadful delegation

Delegation is one of the practice principal’s most important management skills and if done well, saves you time, develops your people, and is a ...
Failure to change

Practice Sin 4 – Failing to Change  

As the business environment changes, practice owners must change. The ‘old’ ways of doing things must be changed when technology makes the new ways ...
accounting hobby

Practice Sin 3 – Operating the Practice Like a Hobby or Vocation, not a Business

Operating an accounting practice can be very personally rewarding and satisfying as principals have the freedom of being their own boss plus the satisfaction ...