Why Doing Your Homework is Important

Light bulbs are interesting things. There are all sorts of things that can go wrong with getting light from them. …

WHEN SHOULD START-UPS GET ACCOUNTANTS

I actually consider this a somewhat short-sighted question. To explain why, let me give a brief answer, then explain my thinking. So, here’s the answer — ‘they shouldn’t.’

Now, I know that doesn’t seem to make sense, so let’s extend it out further — you see, the reason I don’t…

There are many who say that accounting is history — because software will do it all — and that’s the end of the line for accountants. Many also regard accounting in a poor light because it ‘merely’ reports on the past, on history (if you will) — which is regarded…

Essentially, branch accounting is reporting results per branch — where the business in question has more than one branch. Obviously, this is a sensible thing to do, as results will vary — and, consequently, decisions about what to do at/with the branch will vary.

Branch accounting is most commonly done…

The reality is that any occupation can have — or be perceived to have a degree of boredom. Any part of a role that’s regarded as low-level and repetitive can give that impression. And all roles have at least some component of this.

The rest comes back to the person…

Budding entrepreneurs are everywhere. From the toddlers who try to sell the family cutlery to their parents. (Well, hopefully, their parents and not some passerby.) To the pre-teens out on the roadside selling lemonade, sneaking the odd sip while no one is looking. …

None of us like to see a business failing — whether it’s our own, the one we work in, or someone else’s. Unfortunately, many businesses do fail. Often for similar reasons. Often following a similar pattern. So:

  1. What is that pattern? and
  2. What can be done about it?

The Pattern

The fact is business should not be excessively time-consuming to the business owner. In fact, I’d go so far as to say business owners should not be time-poor at all! That sounds challenging, doesn’t it?

What I’m meaning is that — while so many business owners, particularly start-ups, spend so…

24.07.2019

I’ve written a lot about why it’s important to understand financial statements. And even discussed the importance of key performance indicators (KPIs). But there’s another step beyond this understanding. What is it?

It’s establishing the best way to continue, or enhance, the good trends we see in these results…

GAME’S ON. ARE YOU BUSINESS READY?

I don’t know about you, but my family likes board games (me, not so). Recently, some new games were purchased that we hadn’t played before and we sat down to play. Guess what was the first thing we did after unpacking the box?

You’re right. We read the rules!

Simple…

Steve Watkins Barlow

Hi, I’m Steve, the Beanie behind BeansTalk KnowHow. My knowledge comes from my decades of working as a Chartered Accountant in big and small businesses.

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