1. Making The Most of Your Business Andrew Logan TaxAssist Accountants Bedford New Business Network 16/4/12

2. WELCOME

3. Back to Basics! Plan Differentiate Know the Numbers Time Management Get a Good Team Optimise Processes Optimise On-Line

4. Back to Basics! CASH IS KING Work ‘on’, not ‘in’ Continuous Learning Have fun

5. Plan Update Business Plan Customers Products/Services Suppliers Finance (Cashflow) Organisation

6. Differentiate DO NOT compete on price. You are unique. Service Location Smile!

7. Know The numbers Financial (profit, cashflow) Operational (Leads, Appointments, Conversions. Losses – Clients) Get some help!

8. Time Management Important rather than Urgent Beware procrastination Be effective and efficient Regular schedule – weekly, monthly, quarterly

9. Get a Good Team In-house Outsourced Someone to hold you accountable to the plan.

10. Processes Write them down Improve them See above

11. On-Line Website Social Media – it’s where the referrals are! Get Help

12. CASH IS KING Turnover is vanity, profit is sanity, cash is reality Forecast and monitor Credit Control – don’t be a bank. Overdue debts cost 10 times as much as bad debts (on average) !

13. Work ‘on’, not ‘in’ Build a business, not a job replacement (unless that is your aim). Always keep the target in mind. What does the organisation look like? Think of building a franchise The E-myth!

14. Continuous Learning Keep Learning! Things change – you need to.

15. Have Fun Enjoy what you’re doing Make sure the family’s on board.

16. Useful Contacts TaxAssist Bedford 01234 326447 www.taxassist.co.uk/bedford andrewlogan@taxassist.co.uk

17. Range of Services Business accounts & tax Self assessment tax returns Bookkeeping & VAT Returns Payroll Company formations Business Plans CIS Advice

18. Questions and Thank you!