Take Time To Find The Right Pricing System For You And Your Business

business-bitesize

In his brilliant book, Priceless – The Hidden Psychology of Value, William Poundstone has done a fabulous job of pulling together some of the best science about pricing. Pricing can be a difficult subject to tackle and even more difficult to get right, both for a multi-million euro company or the local hairdresser. Buyers… Buyers are now more savvy. They have more options and they can very easily compare your price to the competition. Therefore their expectations are much higher. But if you get your pricing right then you can tap into the higher profits your […]

October 31st Tax Return Filing – Are You Ready?

Tax-Return

October 31st is fast approaching! Just a little more than 2 months left for anyone under self-assessment to submit their tax return and pay their tax bill. What October 31st means… If you’re under self-assessment, either on or before October 31st you must… Make your tax return for the 2015 tax year. Pay any balance of tax due for 2015. Pay Preliminary Tax for 2016. What do you need to? Right now… If you’ve not already contacted your accountant and provided the information they need to prepare your accounts and tax return, then you should do […]

What Will Brexit Mean For You?

Brexit

The issues created by Brexit are many and uncertain. And with its close ties to the UK, Ireland will feel the effect of Brexit more than any other EU State. Questions arise like: How will trade and free movement be affected? What will be the effect on taxes and import tariffs? Will the competitiveness of Irish business suffer? And so on… It’s not all bad news though. In any time of change and uncertainty there are also opportunities. What are they and how can you capitalise on them? Of course we can’t predict the future, but […]

5 Ways To Generate More Potential Customers

5 tips for getting new customers

Often a business will rely on just one or two ways to generate leads; perhaps using traditional newspaper advertising and having a website. It’s likely that whatever you are using works or you wouldn’t be using it. There can, however, be a number of ways to reach your potential customers. And the best ways to reach them changes over time. This means it’s good to periodically review your methods and try new ones. Then when you find something that brings some results, milk it for all it’s worth! For instance, here’s 5 simple ideas to get […]

Tax Issues On Buying And Renting Residential Property In Ireland

BuyingResidentialProperty

Perhaps you’re thinking of moving to live in Ireland, or maybe you already live here. What are the tax issues you need to be aware of on buying or renting a residential property? Renting… When you rent a residential property then there is no tax relief available on the rent you pay. This applies whether you’re renting from a landlord or sharing a house with someone else. If you run a business from home then it may be possible to claim a proportion of your rent cost as a business expense in your accounts. This would […]

Are You Taking Needless Risks In Your Business?

GoodClient

You wouldn’t dream of climbing on board an aircraft if you knew the pilot was going to ignore the pre-flight checklist because they’d ‘done it before’. Would you allow a surgeon to operate on you or one of your children if they didn’t follow the recommended World Health Organisation (WHO) surgical checklist that has saved many lives in many countries? So why do businesses allow certain mission critical jobs in their firm to happen without the pedantic, disciplined, committed approach to checklists that airline pilots and surgeons have? Pilots and surgeons are some of the brightest and […]

5 Simple Ways To Reduce Your Tax Bill

IncomeTax2014

  This is a very popular post that we first published in 2010. It’s been reviewed and refreshed for up-to-date accuracy. 1. Question Every Expense Whether you’re trading as a sole trader or a limited company, an easy way to reduce your tax bill is to ensure that all of your business expenses are recorded in your accounts. So every time you put your hand in your pocket to pay for something or reach for the credit card, think: is this a business expense? The general rule is that if the expense is wholly and exclusively […]

Can A 1% Price Increase Really Deliver An 11% Profit Increase?

LoansToDirectors

It’s proven that the fastest and most effective way for any business to realise its maximum profit is to get its pricing right. The right pricing structure can boost profit faster than reducing costs or increasing your sales volume. On the flip side the wrong pricing structure can shrink your profits just as quickly. And yet many business owners are still reluctant to investigate initiatives to improve price for fear that they will alienate, frighten or lose customers. The result of not managing price performance, however, is far more damaging. Getting your pricing right is one […]

Are Your Staff Helping Your Business To Grow?

outsourced-bookkeeping

It pays to take your annual staff appraisal or performance review process seriously. Probably more seriously than you do now. Your business approach to appraisals can unlock greater success in your business because it can unlock greater performance from your people. However, most appraisals don’t result in higher levels of energy and motivation. This is a problem because a motivated team of people, an improving team of people, a more energised team of people can transform the results of your business. But a demotivated, ‘can’t-be-bothered’ team will undermine the future success of your business. As a […]

9 Quick Tips For Motivating Your Employees

Motivation

Motivating employees can often seem like a dark art. While you might hope that providing someone with a job and regular pay should be enough, it often isn’t. The continual changes forced on us by the turbulent times we live in can severely affect morale, and with it productivity nosedives. On the other hand with motivated employees, productivity, quality and service all go up. How can you motivate your employees? 1. Read about motivation Before you start it’s a good idea to read the experts. People are motivated in different ways and by different things. So […]

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