Tag: small business
Would a virtual office suit my business?
A virtual office provides businesses with the advantages of a prestigious address, landline phone numbers and team support without committing to dedicated office space. ...
Negotiate a discount for prepaying 12 month’s rent
Subject to having the available funds, prepaying 12 month’s rent in advance has the following benefits: A 5-10% discount on the years rent expense ...
All employees should sign an employment agreement
A written employment agreement is used to outline the wages and conditions for employees and will include information such as employer and employee details, ...
How to Build a Referral Network
Word-of-mouth referrals are the number one method professional services firms get leads and gain new business. As 82% of business owners use referrals from ...
Shop-Front Ground Level ‘Vs’ First-Floor Accounting Practices
We often get asked as to what is the percentage of walk-ins for shop fronts compared to say first floor or upper-level offices when ...
Competitive Advantage for Accountants that use Google’s New Posts Feature
If you own a small accounting practice, you would know that a Google Maps listing is essential for your business to be found online. ...
Five Factors Affecting Client Retention
The five factors affecting client retention are client satisfaction, client delight, client switching costs, client relationships, and client service standards. Client satisfaction - Unsatisfied ...
The Trouble With Debt
The three ways accountants can get in trouble with debt financing their practice are: Using short term debt to make long term investments. Doing ...
Introducing New Services to Existing Clients
This strategy is about creating new services that you can provide to your existing client base. It is similar to the low hanging fruit ...
Selling Existing Services to Existing Clients
For a practice wanting to achieve organic growth this strategy is best described as ‘low hanging fruit’. It is simply about ensuring that every ...