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The basics of creating a business budget for your company

The Lombard Accountants team believes that a solid business plan can only benefit your company at any point in its development. A company budget is a key to expanding your business plan; it is one of the most important instruments in managing your business finances and actively turning your business into a success. A business…

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How to establish your competitive advantage

The Lombard Accountants team understand that knowing what it is that makes someone choose your products and/or service over your closest competitor is critical business information. To drill down into the fundamental elements of your competitiveness, you need to ask some important questions about the nature of your products/services, so you know precisely why your…

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What should you consider when selling your business?

We occasionally deal with clients planning to sell their business at the Lombard Accountants office. When you decide it’s time to sell your company, you’ll want to get the best deal possible. And the sooner you start thinking about selling, the better, so your company is in the greatest possible situation to attract an investor.…

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Making it easier for your business to get paid

The Lombard Accountants team know that ensuring you get paid on time is crucial to your success. The process of making sales and generating revenue lies at the heart of any business model. But you can’t manage your cash flow effectively or raise any profits if customers don’t actually pay their invoices. How do you…

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Accurate leave management for your business

Lombard Accountants understand that managing employee leave might seem like quite a basic task for many businesses – especially smaller ones with only a few employees – and it can be tempting to take a relaxed approach. But unless you diligently track, manage, and pay to leave for every single employee, your company could be…

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Business tips: Budgeting and managing cashflow

The Lombard Accountants team understand that If you want to stabilise your finances and grow the business, working to strict budgets becomes a necessity. Managing the cash flow twists and turns of a project can be hard work. But it’s easier to do when you have an agreed budget and can track your spending and…

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Could your business survive without you?

In the opinion of the staff in the Lombard Accountants office, a good question worth asking yourself as a business owner is, would your business still thrive, or would it suffer a catastrophic failure if you suddenly stepped away?  It’s tough to remove yourself from the day-to-day operations when you’re passionate and busy. However sudden…

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Scaling up your business

We are aware in the Lombard Accountants office that scaling up your business isn’t about steady growth over time. It’s about having a clear strategy for quickly expanding the business to achieve full-scale hypergrowth and achieving your goals. Most businesses grow organically, adding customers here and there and gradually expanding over time. Scaling up aims…

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Creating the perfect job description

We know in the Lombard Accountants office that a job description is a crucial document for defining the role’s tasks, describing the type of person you’re looking for, and stating your goals for how this new employee will fit into your company’s current operations. So, what should you put in your official job description to…

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Three key KPIs for your company to track

The Lombard Accountants team are aware that once you begin trading, you’re faced with a new challenge – successfully managing the course of your brand-new business and making sure it’s a profitable enterprise. It’s easier to manage your startup’s sales and finances when you have access to the best possible information and data about your…

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