Brian Russell

Pricing for Profits

Pricing for Profits is key to a successful business Whatever business you are involved in, it is vital that you know how to set your prices. And unless you are a high growth business or have funding to spare, your prices will need to be set to make a profit relatively...

Cash is King

Cash is king - Debtors are dead money Following on from a previous article on the problems of holding stock, another area that cannot be ignored by a big and small business owners are Debtors (unpaid sales invoices). Good Customers It is always worth identifying your...

Stock – Asset or Liability?

Stock – Asset or Liability? When does an asset turn into a liability? We all think of stock as a business asset. This is the stock that fills your warehouse and is there to be sold. Perhaps after you bought the raw materials you have even made it into something new....

Tax Saving Tips – Employing Your Family

Tax Saving Tips - Employing your family Tax saving tips are aimed to help even small businesses save money. As with most Tax Saving Tips this one is easy to put into practice for many businesses and can have a real impact on the quality of life for the owners of...

Pricing for Profit – you’re worth more

  Pricing for Profit - you’re worth more Pricing for profit is a difficult subject for many small businesses as they believe they are operating in an extremely competitive market. Certainly many believe that their customers are very price driven. We have regular...

Hidden Discounts

Hidden Discounts Many businesses suffer from hidden discounts and losses, which are either ignored or not even recognised. They come in many shapes and forms, but are often wrapped up in the idea of ‘customer service’. Some businesses have identified these aspects of...

Tax Codes and Calculations

Tax Codes and Calculations HMRC have been issuing tax codes and calculations following the submission of form P11Ds by employers across the country. The process affects individuals who are taxed under the PAYE  regulations, but will affect both employees and...

Inheritance – Time to save your inheritance

Save your Inheritance There are a number of steps that you can take to save your inheritance. For many parents these days, it appears that getting their children onto the housing ladder is the best way of spending their savings. However, for those that are slightly...

Business Plan or a Plan for Your Business

Business Plan or a Plan for Your Business Should you have a plan for your business rather than a business plan?  Business Plan It is amazing how many businesses are started without a formal business plan, but everyone has a plan for their business however informal it...