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Protect Business Reputation by Planning for Big Sales

Posted by XO Accounting on Apr 13, 2020 9:45:00 AM

A business plan is essential for business development. But even with a solid plan there is some aspect of unpredictability. There are a multitude of variables that have to be taken into account, any of which could have great impact on the prosperity of a small business.

Sales forecasting may well be the most difficult and complicated of all areas covered in a strategic business plan. To predict sales, a business has to consider numerous economic, demographic, and social variables.  Because sales has a major impact on income stream, a business plan should include a continuity strategy for dealing with poor sales performance. But what happens if a business does better than expected?

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Topics: sales, planning, financial planner, Sales forecasting

The Importance of Shareholders Agreements

Posted by XO Accounting on Apr 6, 2020 9:45:00 AM

When anyone is buying into an existing company, or setting up a new company with colleagues, friends or even family, it is essential to document how the relationship is going to work and set ground rules for what happens in the unfortunate event of a dispute.

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Topics: startup, management, negotiation, planning, business owner, Shareholder, company

How to choose a financial planner

Posted by XO Accounting on Jan 28, 2020 10:15:00 AM

No matter how much money you currently have in the bank, it’s a good idea to consult with a financial planner sooner than later. There’s no better way to start mapping out strategies for investing – and saving – so you can meet your short and long term financial goals.

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Topics: financial, planning, financial planner

How to Maximize your Assets before Retirement with Tactical Investing

Posted by XO Accounting on Jan 13, 2020 10:45:00 AM

Risk tolerance, time horizon, and asset allocation - you've dealt with these factors for a good part of your life, but now, in the face of retirement, they take on a more urgent and significant role. These factors - particularly tactical asset allocation - are vital to maximizing your assets before your retire in a few years' time.

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Topics: Self Funded Retirees, planning, efficiency

Want to chat about business plans for the new year?

Posted by XO Accounting on Jan 10, 2020 8:16:00 AM

 

Business Planning for 2020

It’s hard to believe but the new year has come!

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Topics: small business, management, planning

Borrowing Money? Not All Interest Is Deductible For Taxes

Posted by XO Accounting on Aug 26, 2019 9:09:00 AM

If you’ve borrowed money from anyone other than a good friend or a family member, there’s a good chance you’re paying him or her interest. You may even be paying your friend or family member interest, depending on how long you’re borrowing for and how much they loaned you. That interest that you’re paying may or may not be deductible: a lot depends on what you’re using the money for. Let’s take a closer look at what makes the interest on the money you’ve borrowed eligible for a deduction.

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Topics: financial, small business accounting, tax, planning, deductible

4 ways to make your business easier to sell

Posted by XO Accounting on Aug 12, 2019 9:09:00 AM

Perhaps you’d always planned to build a thriving business to eventually sell for a tidy sum – or maybe for unexpected personal reasons it’s best to let your company go sooner rather than later.

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Topics: sell your business, management, planning

Creating a financial plan

Posted by XO Accounting on Jul 29, 2019 9:08:28 AM

Depending on the current state of your finances, financial freedom might seem a long way away. For many people, financial freedom—when you don’t have to worry about how to pay the bills and your money is invested and making money for you—is a far off dream. What they don’t understand is how close financial planning can get them to that dream.

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Topics: financial, small business, planning

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