Stop chasing a “…£1million turnover, 40% profit, working 3 days a week business…” – it won’t make you happy. Far too often we see headlines which ‘appear’ attractive and therefore worth chasing. But in reality are not what we want and so we waste time, effort and money trying to achieve something we don’t ‘really’ want. Spend some time visualising what it is you really want – personally… …and I… Read more
If I look at my practice now, in 2021, it’s completely different to what I envisaged it would look like in 2012 when I started – and also every year in between. We start our accountancy practices for many reasons, but we don’t just start them to be busy. Most of us start our practices to give us a better life. This could be more money, more time with our… Read more
I remember very clearly the first time I was asked what I wanted to achieve in my business life. I had qualified as an accountant, left practice shortly after and was enjoying working in industry. At the time I was working as a Financial Accountant for a private rail freight operator, one which had been born out of the merger of three separate divisions of British Rail post privatisation. The… Read more
“People don’t know what they want until you show it to them.” This is a great quote. It’s by Steve Jobs and describes so accurately what it is that Apple does through its innovation. But it should also be applied to your accountancy practice and specifically the services you provide. Have you ever had a client leave because they’d spoken to another accountant who offered to provide monthly management accounts,… Read more
The five questions every new business owner should ask themselves We all know that starting a new business is a test of nerve, energy and resilience. But does it have to be? What if there was a way to focus on what we really want to achieve – not just in business but in life too – and find a plan that connects the two. Mark Telford explains how connecting… Read more