12 Accounting Tips for Freelancers

Being a freelancer can be a very rewarding career. You are in control, plus you get to do what you enjoy doing and what you do best. You can’t just do this, though, as being a freelancer means you essentially run a business. In most cases, that will be a business as a sole trader. […]

Step-by-Step Guide to Getting an Overdue Invoice Paid

Chasing unpaid and overdue invoices is a task that not many people like to do. Dealing with the problem promptly and in a structured way can make the process easier, however, as well as getting the invoice paid as quickly as possible. The step-by-step guide below is just that – a guide. In other words, […]

Protecting Your Business from Fraud

There is a misconception that fraud is something that only happens to large businesses. This is not the case. In fact, fraud is a growing risk for businesses of all sizes. There are some simple steps you can take, however, to protect your business from fraud. Make Sure Your Employees Understand the Risks Your employees […]

8 Things You Need to Know About GDPR

GDPR is the new personal data protection legislation that came into force on 25 May 2018. Almost all businesses in Ireland will be affected by GDPR. Here are eight things you need to know about these new data protection laws. 1. GDPR is Complex The could be said about a lot of legislation affecting your […]

How to Come Up with a Business Idea

Do you want to start a business, but don’t yet have an idea you want to invest your time and money into? If you have spent any time looking for business ideas, you will know there are lots to choose from. How do you find one that is right for you? Here are some things […]

How to Forecast Sales

Sales forecasting is important for all types of business. This applies to businesses in the pre-start-up phase as well as established businesses. Proper sales forecasts give you an idea of the potential of the business and where you could be in one, two, three, or five years’ time. Forecasting sales is not easy, however. After […]

7 Tips for Analysing Your Competitors

If you are planning to start a business, introduce a new product, or expand into a new market, you must analyse your competitors. This will give you an idea of the direct and indirect competition you face as well as how your offering stands out. It is also worthwhile analysing your competitors on an ongoing […]

Business Growth Strategies Explained

To push your business forward and make it bigger you need a clearly defined growth strategy. This means something more than increasing sales targets or revenue projections. Instead, it means understanding the main growth strategies that are available to your business, selecting which is most appropriate and then adapting it to your objectives. There are […]

What is Net Profit and Why Is It Important?

Sales are an indicator of the success of your business. There is a more important measurement to look at, however – net profit. What is net profit, though? What is Net Profit? Net profit is the amount of money that is left after you subtract your total business expenses from your total revenue. In other […]

How to Calculate Gross Profit

Gross profit is one of the most important financial figures you need to know about your business. It helps give you a better understanding of your finances, helps you plan for the future, and, crucially, helps increase your net profit (your overall profit). In this post, we’ll look at how to calculate gross profit. First, […]