By Andrew Griffiths
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Additional info for 101 Ways to Boost Your Business
The point behind this booster tip is the need to plan your cost cutting; don’t just be reactive. 39 101 WAYS TO BOOST YOUR BUSINESS 17 How to know what to charge One of the hardest issues that all business operators face is knowing how much to charge. If your prices are too high you might not get any customers, and if your prices are too low you might get a lot of customers but make no money. It’s a fine line that is often hard to determine. There is a basic business practice which, if followed, will make determining your costs a lot easier.
During the appointments with each accountant, I interviewed them. I wanted them to tell me why I should use them, and I asked for the names of several of their clients so that I could verify that they were as good as they said they were. I wasn’t rude or arrogant, but at the same time I wasn’t intimidated by them. I wanted someone who would guide me and help me to build up my business. I was honest in telling them about the positive and negative features of my business and what I needed. It is important that you have these points clear in your own mind.
These include lodging periodical tax returns, documenting minutes to annual meetings and ensuring that all company fees are paid on time. My accountant is also there to advise me on ways to reduce my taxation where possible. He helps to identify legal ways to save tax, and makes recommendations for protecting my assets and limiting my liabilities. He also helps with my overall business strategy and planning for the long-term future of the business and myself. I use a financial planner specifically to build my own wealth.
101 Ways to Boost Your Business by Andrew Griffiths