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Do you know how much it costs you to produce each product or service in your range? Hurley Accountancy know that the better you can understand this cost of sales – or cost of goods sold (COGS) – the more ability you have to control your company’s profitability. Hurley Accountancy understand that when you know…

Hurley Accountancy know that cash is the lifeblood of any business – once the cash dries up, problems quickly begin to multiply. Hurley Accountancy understand that if you can keep the cash running freely you can continue to grow your business. Here are five tips for improving your cashflow: (i) Have a system to manage…

Hurley Accountancy believe that making time to look over your financial reports each month is an important task for any business owner. If you are not taking the time to do this, either because you’re too busy, or perhaps you don’t really understand what you’re looking at and it doesn’t make sense to you, then…

Hurley Accountancy know that cash flow is the lifeblood of your business. And when it comes to cash flow management, preventing cash issues is far easier than trying to solve these issues after the event. Positive cash flow comes from balancing your income (the cash inflows) against your expenditure (the cash outflows). Hurley Accountancy understand…

Hurley Accountancy know that as a business owner, it’s never been more important to have a good grasp on your finances. For many businesses, priorities have changed, customer behaviours have mutated and revenue streams have had to evolve and pivot in order to create a viable business model. To track, monitor and drive your financial…

Hurley Accountancy know that turning a profit is at the heart of running any successful company. But should profits be the only financial focus if you’re looking to create a stable, long-term business? Hurley Accountancy understand that cashflow is the beating heart of your business. Without an even and predictable flow of cash into the…

Hurley Accountancy understand that optimism among business owners was high coming into 2022. But a number of factors are now making things a lot more challenging: Global events are pushing up energy prices to astronomical levels. Ongoing supply-chain issues are making it difficult to source raw materials. A scarcity of talent is causing problems when…

Hurley Accountancy understand that making your business stand out in a crowded market can be a challenge, but differentiating your business will be key to attracting the right customers and giving them a reason to choose you over a competitor. Hurley Accountancy believe it’s important to identify your unique selling point (USP), so you have…

Generally speaking, an exit strategy will be put in place years before your planned exit date. This gives you time to work on your sale plan and deal with any succession issues. Hurley Accountancy know that a clear exit strategy gives you the time needed to add additional value to the business prior to a…

Hurley Accountancy understand that whatever your sector, niche or marketplace, there’s almost certainly going to be other competitors in that space – but do you know who they are and what threat they pose? Are you the only provider of your specialism, or are you one of many companies that are all vying for the…