Reason #3 your accountant isn’t proactive

If you were trying to figure out whether you could afford an extension on your house, what kind of information would be more useful to you… A summary of how much money you made and spent around 12 months ago? Or a carefully calculated forecast of how much money you’re going to have over the …

Why you can’t expect your accountant to be proactive

Imagine ordering a take-out meal… …And when it arrives, getting upset because the chef didn’t use your preferred recipe, did not call you up to find out how spicy you like your food, and didn’t provide the nutritional information you’d prefer to see for the dish. It wouldn’t make any sense, would it? A take-out …

The devil’s in the details. So are the opportunities

One year, we had a new client who wanted us to work out in a lot more detail which parts of his business were profitable over the past 12 months, and which weren’t. It was a wonderful idea, because you need to understand where the profit lies in your business in order to grow faster. …

Hire great people – the out of the box way

An acquaintance of mine was thrilled that he’d managed to find a fantastic graphic designer. The employee turned up on the first day, was introduced to the rest of the team… …And on Day Two, submitted her resignation. Another company had made her an offer she couldn’t refuse, and she left with immediate effect. The …

The Queen and I have THIS in common…

Reading about the Queen’s hugely impressive achievements over the years, it’s notable how much she means so much to so many people… For her family, she’s a beloved matriarch – mother, grandmother and great-grandmother. She plays a similar role for the British people, as “Mother of the nation.” She’s also head of the Commonwealth… …But …

The weird secret to Walt Disney’s success

One of the secrets to Walt Disney’s success? While he came up with grand ideas, his lesser-known brother, Roy Disney, managed the company’s finances and kept the business stable. “If it hadn’t been for my big brother, I swear I’d have been in jail several times for cheques bouncing,” Walt once confessed. “I never knew …

Swiss army knife vs kitchen knife

Recently, one of my readers forwarded me an email they had received from someone called David Perell. I’d never heard of him before, but he turned out to be a pretty insightful guy who writes about the craft of writing. Every Monday, he also sends out an email full of the most interesting ideas he’s come …

Why you shouldn’t rush to replace your accountant

A few years ago, an organisation I know lost its financial director. When they went through his files, the other directors were shocked to discover that none of it made any sense… At least, none of it made any sense to them. The company’s financial information was recorded and organised in a completely idiosyncratic way. No …

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