I was speaking to a friend / fellow businessman earlier this week about his goals, targets and business… After a discussions about 2011 so far, the economy and life, he went on to ask if I would write a blog post about our own month end process.

Month end to me is an allocation of time at the end of each calendar month to look over the month passed. If you keep a daybook and update your company accounts on a weekly basis then this allocation of time does not need to be massive! We often have a coffee in the afternoon, along with a 30/45 minute chat about our own facts / figures… Remember, a company is only as good as its accounts, so if you do not keep purchase and sales ledgers, check the bank daily etc then I can imagine month end being a nightmare! Our month is officially sealed when all of the month end processes are complete…

(more…)

Are you looking to start a new business, leave the security of your 9 to 5, and invest all you can in terms of time, energy and money into a new business idea or concept? Starting a new business is one of the scariest things you will ever do, you are jumping into the deep end of a pool often filled with sharks, and it is down to you to either sink or swim! That said; being in business and creating your own brand is one of the most exciting and rewarding things a person can do!

(more…)