Category Archives: Business Tips

One Tip That Will Help You Convert More Sales

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Whatever you’re selling, one question your prospective customer will be asking is: how do I pay for this? This could range from wondering if payment plans are available through to which credit cards you take. Face the facts… The reality of modern life is that many people don’t carry cash or use chequebooks. That’s especially important to realise if your customers are the general public. If you don’t have card facilities you could be missing out on a huge swathe of potential customers. If you have an e-commerce website then make sure you have a wide […]

Have You Downloaded Our Free Parfrey Murphy App Yet?

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Parfrey Murphy App

Developments in the use of mobile devices is changing the way we all use the internet. Our mobile devices have become our music and video player, our camera and our main method to communicate and research questions. Many tasks that would typically be done on traditional desktop computers are now being done on mobile devices. So we were delighted recently to announce the release of our own free Parfrey Murphy app. With only a few accountants in Ireland having their own App we’re excited to be at the forefront of the kind of technology designed to […]

5 Ways To Generate More Potential Customers

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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 […]

9 Quick Tips For Motivating Your Employees

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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 […]

How Delegating Can Help You Live a Better Life

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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

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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

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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?

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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

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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

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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 […]