The EP Blog

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Improving your business

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As a small business owner, the likelihood is that bookkeeping isn’t your favourite task. It is, however, extremely important in order to establish a profitable and financially healthy business that will be around for years to come. Compiling accurate financial data allows ...
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In the early days of a small business, the owner often does everything from bookkeeping and accounting to marketing and sales. However, as the company grows, it becomes more complex and it's no longer possible for the owner to do everything. At some point, most small busines...
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When you’re planning to grow your small business, it’s always best to be proactive. As your business grows, there are things that will inevitably break or bend. The secret to sustainable growth is anticipating and preparing for this so that you can chart a steady roadmap...
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It’s important to keep your business alive and flourishing, but the truth is that most businesses experience stagnation at one point or another. Business owners need to be able to spot the warning signs of stagnation so that they can take action and get the numbers moving ...
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There’s a lot to think about when starting a small business and learning basic accounting terms may not be a top priority. However, it is incredibly important to familiarise yourself with accounting basics in order to get a grip on your finances and build a thriving busine...
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During the earliest days of running your small business, you might find that you’re able to handle most, or even all, of the tasks yourself. However, as your business grows, the demands on you as a business owner increase and you need to stop juggling before you drop the b...
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After a sustained period of growth, business owners often find themselves in a tricky position. The business now requires an experienced professional to take charge of the finances, but hiring an in-house finance director is still out of reach. In this case, it’s time to t...
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Are you planning a new business or thinking about pivoting an existing one? Spice up your business plan to start on the right foot. Having a detailed business plan is critical to any venture. It helps you understand your goals and keeps you focused on what to do. At the...
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Research by The Telegraph newspaper found that 60% of new businesses fail within the first three years. One of the biggest reasons for this is debt. Not only can too much debt land your business in hot water financially, it also prevents many businesses from expanding and ta...
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Everyone loves a bargain. It’s basic human nature. However, when it comes to running your business you should be focusing on investments, not bargains - especially when it’s time to hire an accountant.  There are plenty of cheap accountants out there, but choosing t...
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