Archive for May 2023

Lombard Accountants understand that to fund the growth of your business, you’ll almost certainly need to take out a business loan at some point. But many lenders will ask you to provide a personal guarantee against this business loan – and there’s a risk element to consider when taking out finance. So, what does offering…

As a small business owner Lombard Accountants know that increasing profits is a key goal that drives growth and sustainability. However, it can be a challenging task in a competitive market. In this article Lombard Accountants will explore effective strategies that can help you boost your small business profits and achieve long-term success. 1. Analyse…

Lombard Accountants understand that when your managers and employees have their own budgets to utilise and spend, it’s important to keep in control of these staff expenses. It used to be standard practice to have a firm-wide company credit card that staff could use to make ad-hoc and recurring payments. But a company card can…

Lombard Accountants understand that managing finances is a crucial aspect of running a small business. However, it can often be a daunting task for small business owners who may not have a background in finance or accounting. In this article Lombard Accountants will explore the challenges that small business owners face when it comes to…

Lombard Accountants know that improving business performance is a constant, ongoing process. Here are ten ways from Lombard Accountants to make sure that you continue to drive your business forward with purpose, vision and the courage to super-charge your business. 1. Eliminate distractions: Time is the scarcest resource and biggest killer for most businesses. When…

Lombard Accountants believe that a strong company culture is essential for the success of any business. It defines the values, beliefs, and behaviours that guide your organisation’s operations and interactions. In this article Lombard Accountants will discuss the importance of building a strong company culture and provide some tips for business owners on how to…

Lombard Accountants understand that expanding your business can be a major milestone, but it can also be a challenging process. To successfully scale your business, you need to have a solid plan in place and be prepared to make changes as needed. In this article Lombard Accountants will discuss some key steps to help you…

Lombard Accountants believe that price elasticity is an economic concept that you should get to know. It is instrumental in understanding demand for your product and the price you can set for it. A price elastic product is one that experiences changes in demand as the price rises or falls. Some products are staples, and…

Lombard Accountants know that growing a business can be a challenging task, especially in a competitive market. Business owners need to be strategic in their approach to stay ahead of the competition and achieve long-term success. In this article Lombard Accountants will discuss ten strategies for growing your business in a competitive market. Focus on…