Sun, Sea, Sand And Spreadsheets!
Did you get a holiday this year?
POSTED BY JONATHAN VOWLES ON 22/08/2017 @ 8:00AM
Have you had a great summer? Or not? Being a business owner is meant to make life better not worse, so how's that working out for you? Have you had a sun-kissed holiday, or have you not managed to get away?
Did you get some sun, sea and sand this year, or couldn't you get away?
photo by 'sai kiran anagani' on unsplash
If you got away, were you counting the pennies or taking that expensive helicopter ride and enjoying that great view, just because you could?
Do you have a better life as a business owner than you did as an employee? Are you having more holidays, more money and less stress, or is everything the wrong way around? A lot of business people get one or two out of three, but have yet to get all three.
"So how do you get some or all of these desirable advantages of being a business-owner?"
All great businesses have things in common; profitable work, organised systems and processes, teams and leaders. Of the three, profits is the key. Without profit, you don't have the cash to achieve anything. So profit is the first thing to review in your business.
Well, saying all this is hardly rocket science, is it? But stating the obvious is actually important, because quite often going back to the basics of business is necessary.
For example, cash is king, and profits produce cash. So how profitable is your business? Is it generating enough cash to pay for that helicopter ride over the Grand Canyon, or not?
If your answer was 'not', then fix it. Start by looking at how much you charge, your true level of costs and profits (or losses!) ... and review what is a reasonable charge. Frequently, I find that the answer to making enough profit is to start charging more.
"Change is always hard, but if you want more from your business than you have got previously, then you have to change!"
And that's where I can help you. If you want change in your business and need help making it happen then give me a call on 01234 752 566 or click here to ping over an email and let's see how we can make next year's holiday extra special for you.
Until next time ...
If you're looking for a new accountant to help grow your business, do visit www.jvca.co.uk and discover how Jonathan Vowles Chartered Accountants can help you!
I've been an accountant in and for business since 1987 and have a wide experience of consultancy, audit, accounts, taxation and wealth planning work from individuals and small businesses to multinational corporations and charities.
My eclectic interests in growing and developing business span a number of areas … and can be summarised as strategic business advice and tax saving advice.
I have worked with the Chamber of Commerce to deliver courses for people about starting up in business and have lectured about tax for a major accountancy practice and for Milton Keynes College.
I relax by reading fiction and by getting away from the office in a campervan.