News and Views

How will you try to improve your business in 2014?

With the Christmas and New Year period over, isn’t it time to start looking at the year ahead, if you haven’t already started to do so? Previously, when SME owners have been asked in small business surveys before Christmas, ‘how are you going to use your time to improve your business?’, many have said that at the end of another challenging year, you are due a well-earned break. However, although according to many general indications and George Osborne, 2014 could be another improving step towards UK solvency and small companies can’t relax their vigilance in seeking business improvement.

So, many of you will make the early New Year an opportunity to prepare for the year ahead, taking a range of different measures to enhance your business. Most popular could be making financial forecasts for the coming months in order to manage cash flow better. Cash flow will remain an issue in 2014 for small businesses – the credit market and the UK economy are not yet out of the woods, and are SMEs yet in the best place to attract investment and support?

Also high on your list of priorities for review and planning should be the way that you market your business. If you are a niche player, a ‘little fish in a big sea’, or a new brand marketeer, it’s important that you are successful in finding and penetrating your target market. This means focusing your efforts in the right direction, doing your research and holding on to the business that you generate.

As a small business, you are likely to be in the unique position of being able to offer a truly personal service to your clients and customers. This can be a real string to your bow, helping to ensure your clients come back to you time and again. So what’s in your planning for 2014 to make you and your products special now and even more special and valued by the end of the year? If you can arrive successfully and in good shape for Christmas 2014, then you will deserve that well-earned break!

Related articles

Accountants for Amazon Sellers
Limited Companies

Amazon Sellers – top tips to ensure your long term success

Have you ever considered selling on Amazon or eBay, setting up an eCommerce business, or a little side hustle?

If this sounds like you, it seems you are not alone.

More and more people these days are selling online to boost their income, sometimes just for a bit of fun and with no higher plans, and other times in the hopes of turning this so called side hustle into their dream job and their very first foray into entrepreneurship…

We have been receiving lots of enquiries recently about accounts and tax for Amazon sellers, so I’ve recorded a little video outlining our top tips if you are thinking about giving it a go yourself…

Read More »

Find out how we can help?

Lectus scelerisque a donec tincidunt litora per eleifend eget ut sagittis conubia pharetra scelerisque dui ultricies duis parturient auctor adipiscing.


Let’s start a conversation 

    Subscribe me for updates and news from In Accountancy