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Have you ever considered changing the operating hours of your public-facing business? Perhaps you’ve noticed a lot of customers coming through the door towards the end of your current hours, or you think there might be pent-up demand waiting to be unleashed by staying open longer. Maybe you’re looking to increase sales but are unsure of the costs and logistics of staying open for additional hours. Factors to Consider Before making any changes, it's important to consider the f

“If I had asked people what they wanted, they would have said faster horses.” – Henry Ford The Jobs to be Done theory is a strategy framework that was devised by Clayton Christensen of Harvard Business School. It offers a unique perspective on innovation and product development that focuses on understanding the needs and desires of customers. According to the theory, nobody just sells a product or a service, but instead, they sell the completion of a job to be done. In other

You may be accustomed to seeing accountants as boring number-crunchers who only exist to make sure your tax returns are filed correctly. But the truth is, accountants are valuable for so much more than just compliance work. Accountants are Financial Experts We know how to interpret financial data and use it to inform business decisions. This means we can help organizations strategize and plan for the future, rather than simply keeping them in line with regulations. In fact, a

Are you struggling with maintaining the right inventory level for your retail business? If yes, you are not alone. Inventory management is a common challenge for retailers, and not getting it right can quickly add up to significant costs. Inventory is Too Important to Get Wrong If you keep too much inventory, you tie up precious cash in an investment that does not provide any return until you sell it. This cash could be used for other important business expenses, such as payr

Keeping up-to-date and accurate records of a company's financial transactions is an essential aspect of running a successful enterprise. However, it is not uncommon for small operators to fall behind on their bookkeeping, either due to lack of time, resources, or knowledge. While it may seem like a minor issue, the consequences of being behind on bookkeeping can have significant and long-lasting impacts on an organization’s financial health and future. Poor Bookkeeping Leads

Picture this: business is booming. You can’t keep your stock on the shelves, or there’s not enough hours in the day to serve all your clients. Sounds like a good problem to have! It’s certainly better than the alternative – not enough business to keep the lights on. You have three options to respond to this scenario: Do Nothing Make no changes, get burned out, lose customers due to frustration over not being able to access your goods/services, and leave money on the table. Ob