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Why you should prepare a budget?

by Russell Smith | Feb 21, 2014 | Business, KPIs

I was once in a meeting with a prospective client and we were talking about his financials. I then broached the subject of putting together a budget for him and started talking about the importance of budgeting annually. He then said he had been in business for 23...

3 things to remember when you plan your 2014 finances

by Russell Smith | Dec 18, 2013 | Business, Entrepreneur, Financial Mastery, KPIs

I like Christmas but I love the New Year period. Every year, I will spend approximately 3 days (22 hours split over the Christmas/New Year period) planning the new year. I review my goals set in the previous year and my achievements against these goals. I then set...

How important is it to you that you hit your financial target?

by Russell Smith | Apr 27, 2013 | Business, KPIs

If you have a look around Amazon or a bookstore in the business/self improvement section, you will find lots and lots of books on goal setting. Goal setting is a skill, no doubt about it. But goal setting is the easy bit. Its the managing of the goal which is the...

Increasing your sales is impossible

by Russell Smith | Apr 24, 2013 | Business, Entrepreneur, KPIs, Sales and marketing

Businesses live and die on the ability to communicate their service and product to the market place. Sales and marketing is a massive subject that any business owner would do well to immerse themselves in. However, here’s a quick tip: Increasing your sales is...

Predicting when the cash comes in from your sales

by Russell Smith | Aug 9, 2012 | KPIs

Predicting the sales in your business is one thing, predicting the cash receipts is something else entirely. Here are some tips on how to predict the cash: 1. Remember that the cash you receive is gross of VAT. This is going to look good for your cash flow but...

How to Predict Sales Figures

by Russell Smith | Aug 8, 2012 | KPIs

Rather than delving into the confusing world of sales figures, let our the team from our accountancy firm in Leeds figure it out for you. If there is anything I’ve learned from running my accountancy firm in Leeds, it’s that you’ve got to be good at many things to own...

How much money do you want in your bank account?

by Russell Smith | Aug 7, 2012 | KPIs

If you’ve ever partaken in goal setting you would probably have come across SMART goals. SMART stands for Specific, Measurable, Achievable, Realistic and Time-frame. (By the way, if you’ve ever wondered, as I had, the difference between achievable and...

How to achieve financial mastery: knowing your break even

by Russell Smith | Jul 23, 2012 | Financial Mastery, KPIs

One of the most important numbers to know in business is your break even number. This is the number that you need to hit to start achieving profits. How you calculate the break even is to first add up all your fixed costs. These are costs that are going to happen in...

Why you should prepare a budget?

3 things to remember when you plan your 2014 finances

How important is it to you that you hit your financial target?

Increasing your sales is impossible

Predicting when the cash comes in from your sales

How to Predict Sales Figures

How much money do you want in your bank account?

How to achieve financial mastery: knowing your break even

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