How Delegating Can Help You Live a Better Life

You may have gone into business because you like being in control of everything. You’re probably doing things you know you do well yourself, and you get a strong sense of satisfaction from that. But, if you want to keep your sanity in a growing business and live a better life then it’s vital to learn how to delegate to your employees. Why is it so difficult to delegate? There are many reasons. Perhaps: It seems quicker to do a task yourself than explain it to someone else and then have to spend time correcting the […]

Small Businesses Benefit From Interest Rate Cut

From 1 July 2016, Microfinance Ireland is offering a 1% cut in its interest rates on loans to small businesses. Microfinance Ireland (MFI) was set up in 2012 as a not-for-profit lender designated to deliver the Government’s Microenterprise Loan Fund. MFI provides “micro-enterprises” with access to loan finance of between €2,000 and €25,000. This can be a helpful option to businesses in getting finance. What is a micro-enterprise? A micro-enterprise is any business with less than 10 employees and an annual turnover of less than €2M. MFI will consider applications from start-up as well as established […]

How to Retire and Smoothly Exit Your Business

More than likely your business is highly dependent on you. Perhaps it’s your skills or your drive and ambition that make your business a success. But now you’re coming up to retirement age or maybe you’re thinking of leaving the business for different reasons. How can you smoothly exit your business? The answer is to plan carefully. This is often called succession planning. What is succession planning? It’s a plan to determine and develop the person(s) who will take over from you in running the business. What are your options? Your options can usually be boiled […]

What Does Brexit Mean For Your Business?

In the wake of the UK’s EU referendum results there is a large degree of worry and uncertainty about Brexit. If you have trading links with the UK you may be wondering how you will be affected. Further complicating matters is that although the UK have not given their 2-year notice at the time of writing – and so nothing has actually changed yet – worry has spread through investors and created volatility in the various markets. The important thing is to put aside any political views that you have. Rather, view this as simply another […]

Business Management – A Fundamental Strategy for Improving Your Cashflow

Holding cash is much like trying to hold sand. It keeps pouring through your fingers and the tighter you try to hold it the less you manage to keep. However, when it comes to cash if you’re alert to ways that you manage the flow of it in your business then you can certainly improve the situation. A fundamental strategy that will help you to do this is to… Measure Your Cash Needs If you’re going to improve cashflow then you need to know how cash is flowing through your business. The only way you can […]

Business Management – Accounting In The Cloud

Over recent years as internet speeds and reliability have increased, we’ve all seen a big move towards storing things in the ‘cloud’. Music cloud Think about music. Now instead of buying music in a physical format and building up a collection over time, we pay a monthly fee and stream our music from a supplier. Why? Because it’s more convenient and we get immediate access to a vast library of music that we can access any time from our phone, tablet and computer. Video cloud Or what about video and television? Now we can subscribe to […]

Time Management – Three Simple Ways To Make More Time

The stresses of daily modern life and running a business or doing a job effectively mean that most of us struggle to get enough time to do everything. So here are 3 ways to create more time for yourself. Not everything stated will work for everybody, but try them out, customise them and see what works for you. Accept That You Do Not Have Time For Everything For many of us, we take the view that if we can only just clear all our tasks we will be able to relax. We defer pleasure or relaxation […]

Data Entry Time Saving – Datamolino Trial

If you or your staff spend what you consider excessive time on entering the data from invoices into your accounting software you have probably wondered if there is an easier way. Advances in technology mean that automated assistance is possible. One provider of this kind of service is Datamolino and we have recently taken the opportunity to review their software. What Do They Do? Datamolino is an online service that involves Optical Character Recognition (OCR) of invoices. It will recognise the data from scans or pdf files and automatically put it in a format that can […]

How to be a better client

David Ogilvy was considered by many to be the “Father of Advertising”. When Fortune published an article about him and titled it “Is David Ogilvy a Genius?” he asked his lawyer to sue the editor for the question mark. In his 1963 best seller “Confessions of an Advertising Man” Ogilvy devoted a complete chapter titled “How to Be a Good Client” in which he set down the rules which he believed would extract the best service from an advertising agency. The following are my rules adapted from Ogilvy which I would use to get the best […]

Are you compelling customers to buy from you or your competitors?

Your competition is stiffer than you think. Your ability to win a sale is harder than you think. It’s because you aren’t just competing with your direct competitors. For example these battles happen… Does a consumer buy a new bed or opt for a Caribbean cruise? Does an engineering business hire a new person or invest in new machinery? Your buyers have a limited budget too. They can spend their money with you. Or they can spend their money on a variety of other products or services fighting for their cash. How do you compel customers […]

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