• How’s Your EBITDA? Put on your Owner Hat for a minute

    | Categories: Small Business , Amortization , Business Tips , Depreciation , Interest , Tax

    Blog by Fuel Accountants

        I know, you wear lots of different hats every day. There is so much to get done, and there is not always someone specifically assigned to do it. That is the nature of a Small/Medium Business (SMB). But those little things all need to be done, so we constantly switch roles (or change hats) and make it happen. The problem is that SMB’s often are so busy changing hats, that they lose focus on the big picture. Are you so busy flying the plane that you forget about the destination? Alright, so slow down for a minute here, Turbo, and put on your…

    CLICK HERE TO READ THE FULL ARTICLE »


  • How to manage small business inventory

    | Categories: Small Business , Business Growth , Business Tips , Inventory , Management

    Blog by Fuel Accountants

    When starting a small business, business owners often think about things like the storefront, branding, and displays. They think of smiling employees and happy customers. It’s not usually the image of the shelves and cupboards in the back stockroom that fill their heads. But inventory is a critical component of your business. Sales are made and lost because of inventory control so it can’t be overlooked or left to sort itself out. Here are some tips for how to manage inventory for your small business. Look back to look ahead Forecasting is a vital activity when running a business, especially if you’re…

    CLICK HERE TO READ THE FULL ARTICLE »


  • 5 ways to combat inflation

    | Categories: Small Business , Business Growth , Business Tips

    Blog by Fuel Accountants

    It seems that every news outlet is sounding the alarm about high inflation these days. While it might sound like it’s time to panic, you don’t have to. With a few adjustments, you can handily fight off inflation and possibly even benefit from the current economic climate. Read on to discover 5 ways you can combat inflation and make your money work harder for you. Find out what you spend and how you can save Like most pieces of financial advice, everything starts with a budget. It’s crucial to understand exactly where your money is going because it’s not going to go as…

    CLICK HERE TO READ THE FULL ARTICLE »


  • Why my small business switched to Xero

    | Categories: Small Business , Bookkeeping , Xero

    This article is re-posted from the xero.com blog.
    I’m not a huge fan of the Super Bowl, but I love seeing the ads. They’re always the highlight of the whole event for a lot of people. This year there was a great ad by BMW that showed a clip of two TODAY show hosts from 1994 who was reading an email address out loud. It was obviously the first time they’d done so. They didn’t know how to pronounce an ‘@’. This led to the perplexing duo questioning “what is the internet anyway?”

    CLICK HERE TO READ THE FULL ARTICLE »


  • Creating A Systems-Based Business

    | Categories: Small Business , Business Tips

    Blog by Fuel Accountants

    One of the business philosophies I’ve adopted for a number of years is that to be ultra-successful, your business must be SYSTEMISED. Even before I read Michael Gerber’s brilliant ‘E-Myth Revisited’ (if you haven’t read it, you need to—it is required reading) I realized the importance of systemization and what it can do for a business.

     

    CLICK HERE TO READ THE FULL ARTICLE »


  • Moments Of Truth

    | Categories: Small Business , Business

    Blog by Fuel Accountants

    Creating Outstanding Customer Service Levels To Obliterate The Competition

    In 1987 Jan Carlzon, the CEO of Scandinavian Airlines, wrote the book, ‘Moments Of Truth’. It explained how he took the airline from deficit to profit by ‘moving’ the airline to a customer-focused organisation.

    Now, as you know, there have been many books written on customer service, but where this book and Carlzon’s strategies really differ is his focus on each interaction the customer has with the business.

    CLICK HERE TO READ THE FULL ARTICLE »