The earlier you get your pricing right the better. You need to work out what you want to charge and not be influenced by other factors – how much you need the work, whether you like the client, what mood you’re in. Try and remove emotion from it. Easier said than done! I was guilty, as are many others, in the early days desperate to win work you price low… Read more
When starting out I had no set or predefined systems or processes. I had left practice very soon after qualifying and the practice work experience I had was mostly in audit. It wasn’t the best training for me if I was going to start running a small practice! I knew the work that needed to be done but I had no system. I learnt on the job so to speak… Read more
If you’ve read my e-book, heard me speak or seen some of my postings on LinkedIn, you’ll know I’m a fan of technology and how it can make our lives easier and enable us to provide a far higher level of service to clients. If you’re a user of Xero or Quickbooks Online you will know there are a huge number of business applications which can be linked to these… Read more
There will be a period as your practice grows, that you have spare capacity. You can be very responsive to client’s request, regardless of how urgent they are. You will be happy to accept clients with any type of records – paper, spreadsheet, desktop software, cloud software. Maybe even brown paper bag jobs! No bother, you’re keen, hungry and you need the work. But be careful. If you don’t get… Read more
In my opinion there has never been a better time to start an accountancy practice than right now. It’s often said that the sector is being disrupted, it really is. Technology means that work can be completed quicker and easier and from anywhere with an internet connection. The traditional 9-5 working day… is a thing of the past Cloud technology means a higher level of services with more client contact… Read more