Most eCommerce founders focus on efficient customer acquisition and conversion as their primary objectives. But the truth is inventory management is the backbone of every retailer. You might have an amazing brand and vision, but it’s hard to stay in business if you have no stock to sell, or if you’re selling at a loss.…
Want someone on your team focused on future financial growth? You need a totally different type of accountant working for your business.
Warren Buffett is widely regarded as the world’s greatest investor – but what isn’t common knowledge is how he created his fortune.
“We don’t do tax.” – Us, up until three weeks ago. We’re ‘fessing up. We get it. We’ve built our reputation on being a not-your-typical-accounting-firm that doesn’t do tax returns. Our focus has always been (and still is) working alongside start-ups and ecommerce business owners to improve their financial visibility and develop future growth –…
“My accountant doesn’t get my business” – something that we hear all the time from the entrepreneurs we work with. If you throw out terms like CLV, MRR, CAC and Churn to accountants, most of them will be left scratching their heads wondering if you are speaking finance, English or PHP. Professional service providers are…
Rowan and I came up with our business name, SmartBooks Online over a few beers one evening. It was a very literal name, and that’s the way we intended it. Most people figured we were an accounting business. Some thought we were optometrists or book publishers. Either way, over the last three years we’ve built…
There are few words in the English language that conjure feelings of scarcity and deprivation than the word “budgeting”. Our lizard brain responds to the term budget in the same way it responds to the word diet — utter dread. Budgeting, like dieting, sucks because it requires determination. It requires us to be disciplined with our spending habits. It forces…
The term Big Data has been used with increased frequency over the last 5 years. While many organisations are still scrabbling to understand the broader application of it, there’s no doubt that simple operational data is becoming more and more common as a source of a decision making driver within organisations. A big part of…
Dear Bob, I started working with your accounting firm when I was a graduate, wide eyed and fresh out of university. I spent the first 12 months of my career learning the basics of ‘tax’ which included how to complete a form on horribly clunky software, learning not to misspell my clients’ names and building…
Multimillion dollar companies like Zapier and Basecamp have their teams distributed all over the world. The WordPress parent company Automattic (valued at over $1.16B) boasts over 500 staff located in 57 countries. The notion of remote working has become a hot topic amongst professional services providers as of late. With trends moving towards the distribution of…