Ross Golightly, Managing Director of Sphera Consulting, shares some insights on growing your business into a saleable asset.

Sage 50 accounts is a very popular package used by a lot of small businesses, in this article we're going to take a look at some timesaving shortcuts that could make your accounting life easier!!

Businesses are often caught out by threats of economic uncertainty or even outright recession and it is then that they are most likely to embark on a series of drastic cost-cutting measures. Cost control is not a matter of expediency, driven by external events, rather, it should be cultural; a way of operating in good times and bad.

The question is 'how do you ensure that your approach to cost control is thoroughly rooted in the way you do business?'

One of the biggest problems I see with small service-based business providers, particularly those whose owner is the sole provider of the service, is how to ensure consistent cash flow. So that you don't experience the peaks and troughs of cash coming in whilst delivering your service, then cash stopping when service delivery ends.

Businesses with strong growth ambitions often seek independent advice with the aim of accelerating their targeted growth and net worth scaling. Research by many different bodies over the years has shown that companies that use external expertise are more likely to meet their growth targets so it is a positive move to access this expertise.

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