Archive for September 2022
Should I focus on profits or cashflow?
Kerry Lehane & Co Accountants 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? Kerry Lehane & Co Accountants understand that cashflow is the beating heart of your business. Without an even and…
Read MoreMeeting your goals during a global slowdown
Kerry Lehane & Co Accountants 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…
Read MoreWhat’s your unique selling point?
Kerry Lehane & Co Accountants 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. Kerry Lehane & Co Accountants believe it’s important to identify your unique…
Read MoreBusiness tips: Adding value to your business prior to an exit
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. Kerry Lehane & Co Accountants know that a clear exit strategy gives you the time needed to add additional value to the business…
Read MoreWho are your competitors? And what do you know about them?
Kerry Lehane & Co Accountants 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…
Read MoreUnderstanding Your Profit and Loss Statement
Kerry Lehane & Co Accountants will discuss how your profit and loss statement (P&L) helps you understand your business performance and profitability over time. It’s sometimes called an income statement and its main purpose is to list income and expenditure. Whereas a balance sheet is a snapshot in time, the P&L shows transactions over a…
Read MoreCash flow and cost control
Kerry Lehane & Co Accountants understand that more than ever, cashflow is a vital part of staying afloat, whether your business is in recovery or growth mode. Kerry Lehane & Co Accountants know that revenue, profit and your bottom line all deserve your attention. But keeping everything running is the baseline. Regular cashflow forecasts help…
Read MoreBusiness tips: Setting your goals for a business exit
Kerry Lehane & Co Accountants know that every business has a finite lifespan. Some may last for decades, and some may only last a couple of years. As the owner of a business, Kerry Lehane & Co Accountants understand that the life of your business is likely to be strongly aligned with your own life…
Read MoreIs your after-sales service in place to help your business?
We recognize that the client is always right here at Kerry Lehane & Co Accountants. Not only is it wise business management to keep customers satisfied, but it also encourages repeat business. You want your clients to feel appreciated and that they are doing business with a company that values their patronage and is eager…
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