Statistics show that as many as 50% of businesses fail within the first 5 years many in the first year, this may be down to many factors but one of the main reasons is lack of financial planning.
Whether you have started your own business because you are passionate about what you do, just don’t want anyone else telling you what to do, or you want more flexibility in your life - have you planned the future of your business?
BENEFITS OF PLANNING
Knowing how much your business needs to cover bills going out before you get paid
Knowing how much your customers owe you, chasing debts and making sure you are being paid on time, this will help your cashflow too
BUDGETS AND FUTURE FORECASTING
Knowing how much profit you make and how much turnover you need to cover your outgoings, planning for future growth and making sure you have the funds in place to enable expansion
Knowing how much you need to personally survive and how much your business needs to turnover to cover your wages after tax
Not waiting 18 months after your tax year ends to find out if you have made a profit or loss and then knowing how much you need to allow for your tax bill at the end of the year by having monthly or quarterly accounts prepared
If you feel like your business is running you instead of you running your business we can look at your processes, see where you can save time and money, prepare a cashflow, help with funding, look at your profit margins and much more….
As the owner of Stress Free Bookkeeping I have over 30 years’ experience in running a business, I have worked with construction companies, shopfitters, manufacturing companies, internet-based businesses, shops, restaurants, data communications, logistics and estate agents so I have extensive knowledge in all areas of business. We can help you plan for a successful future.
WHY CHOOSE STRESS FREE BOOKKEEPING?
Peace of mind that our team of professionals are getting the job done right
Time & Cost
No recruiting or managing in-house staff, no covering and paying leave
Keep your business’s finances entirely confidential
Ongoing support and advice from our helpful team
All data is stored in secured servers
Why Choose Stress Free Bookkeeping?
Link Certified Xero Partners and fluent in many other software packages
You’ll have a dedicated account manager providing a single point of contact
Bromsgrove Based, providing local support when you need it
We’ll flex with your business’s needs
No tie in’s, giving you full flexibility
FINANCIAL PLANNING TESTIMONIAL
"I started my business because I had a passion for what I was doing, I didn't think about how much I needed to earn to survive. The first question Jacquie asked me was "how much do you need to take home?" pretty simple question you might think but actually I didn't know how much I needed to take out the business, I had put myself at the bottom of the list and only took out what was left! I really didn't know how much I needed to earn to give myself a wage, I didn't know how much I needed to earn if I wanted to take on another person, I didn't have any goals , I was just living for that day, what came in and what went out today, not planning for a future, for quiet times or even for a time when my business might grow, I realised that because I was too busy stressing about money it had took the joy out of something that was once a passion. Jacquie helped me to plan, budget and set goals, I am now motivated and excited about the future because I now know what I need to do to make this happen. I can't recommend Stress Free Bookkeeping enough. Thank you"