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Business and Bookkeeping Blog

Posted on 08 November 2019 in

Using the right tool for the right job

Using the right tool for the right job

Trades people understand the importance of using the right tool for the right job, and when it come to running a thriving business, cloud based apps are becoming an essential tool.Benefit of cloud appsAccess real time information on the goSpend less time on manual data entry30% faster revenue growthStreamline quotes and take payments on the spotTop things to consider when choosing the right app for…

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Posted on 08 November 2019 in

So what is cloud? and can I trust it?

So what is cloud? and can I trust it?

What is cloud?Cloud computing basically involves using the internet to store and send data.Cloud is becoming an integrated part of our everyday existence from social media to online bankingCloud will transmit information more effectively giving us immediate access to data and helping us make a more informed decision.Can I trust it?It is important to do you own research on this topic. Knowing where…

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Posted on 04 November 2019 in

Reduce cost of sales and fixed overheads

Reduce cost of sales and fixed overheads

The final way to boost your business performance is to reduce your overheads. These are your fixed costs, e.g. phone, power, interest, etc.How often do you review your overheads? It should be done annually. Go through your annual financial statements or your Xero reports.While we’re on this subject, let’s talk about bookkeeping fees! We’re telling you to reduce your costs - if you think we are a cost,…

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Posted on 04 November 2019 in

Increase transaction value and frequency

Increase transaction value and frequency

This doesn’t necessarily mean increasing your prices. How can you add more value to your customers?Do you give them a range of options?Do you make it clear what you are offering?Ways to track and measure Average $ sales per clientAverage transaction valueAverage hourly rateCustomer transaction frequencyStrategies to increase transaction value Four for the price of threeDiscount for add-on salesIncreasing…

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Posted on 04 November 2019 in

Increase conversion rate

Increase conversion rate

Where are you now?The third way to grow your business is to increase your conversion rate. Are you measuring your success at converting leads, quotes and proposals to sales?Do you regularly review why you aren’t converting more of them?Are there stand out performers in your team who have a higher than average conversion rate?Are you using the right people in the sales process?When you deal with customers…

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