Small can be beautiful

Growth is not, as many believe, the only criterion of success in business. Indeed, it is perfectly possible to remain a small business and still be successful.

Equally, it is possible to experience growth in your business and to fail - or at least to be so beset with problems as to have little opportunity to enjoy the fruits of your 'success'.

This is especially true if you take personal as well as business matters into consideration.

Cash flow problems: - Often for rapidly growing businesses a steep increase in sales leads not to more cash in hand, but to less. If this process remains unchecked eventually the reduced cash flow will undermine profitability and in extreme cases lead to insolvency and business failure.
Increased borrowings: - Cash flow problems can be further exacerbated if the growth requires extra short-term funding to pay for more office-space, extra computers, more stock, and so on.
More people skills: - As you start to take on more and more employees you will need to develop a whole range of people skills. You will have to learn how to hire and how to fire, how to motivate and how to delegate, how to reward and how to discipline - and you will need to find the time to do all this!
More bureaucracy. - As the business grows, so does the paperwork, compliance requirements, etc. You might need to invest even more of your scarce cash in bigger and better systems to deal with it - and find the time and expertise to master the new systems!
No free time: - Rapidly expanding businesses make great demands on your time, and you might find yourself working much longer hours than you want to.
More stress: - Add to all of this the problems associated with personnel issues, poorly paying customers, crashing computers, etc. and it all adds up to a lot more stress.

When you weigh your personal ambitions and lifestyle objectives against the added challenges of expanding your business, you might decide that the old saying, 'Small is beautiful,' has more than a grain of truth in it!

Easy Accountancy

Easy Accountancy is the UK’s only national specialist accountancy firm for freelancers, sole traders and small businesses

If you’ve just started out as a freelancer or run a small business, you’ll definitely need a small accountant and there are plenty of options out there! However, most accountants will charge you every time you get in touch with them; for every phone call, email or meeting.

We don’t want our clients to be scared to contact us and potentially lose out on valuable tax saving advice. It's even more important when you first start out as you really need to set your business up in the best way possible. As a start up you’ll probably have loads of questions and will really appreciate the fact you can call your accountant as many times as you like without the fear of racking up large bills.

Our low cost, all-inclusive fixed-fee accountancy service includes unlimited access to your own accountant throughout the year, so you never need to worry about picking up the phone and then receiving a bill afterwards for the privilege, and covers all your business and personal tax affairs needs. All clients additionally receive:

Help to run your business in the most tax efficient way possible
Help so you can understand the taxes you need to pay
Advice on the best ways to manage your business
Updates and reminders so you'll never miss a deadline
Help to ensure you maximise your tax allowances
Provide proactive tax advice throughout the year

We’ve saved our clients up to half on their accountancy bills – if you’d like a quote, click on the quote me button to the right of this page. Alternatively, call us on 0500 234111 / 01442 275767 or email jessica@easyaccountancy.co.uk

We also have a money-back service guarantee - all of your telephone calls and emails will be answered on the same day, or we will refund your monthly fee (another first within the accountancy world).

To appoint us as your accountants, please fill in our Client Agreement Form online.

If you are a contractor working through a limited company then visit SJD Accountancy (our sister company) who specialise in providing tax advice and accountancy services for Limited Company contractors. You can also keep up to date by following the SJD Accountancy Twitter

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