Archive for January, 2011

Who can act as a company director

Jan 8

Every company must have at least two directors. But who can act as one? The answer is almost anyone. There is no formal requirements to becoming a company director unless the articles of association of the company say different. The following can NOT become directors A body corporate (another company) An undischarged bankrupt The auditors […]

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Small business budgeting

Jan 3

Every month large  organisations pour over budgets, Analysiing variances, updating forcasts.. But what about Small Businesses? Should they budget too? Absolutely. If you don’t prepare a budget you have nothing to aim to. Budgeting will assist with business planning and cost control ultimately success. What Is a Budget?Although you might not know it, you prepare […]

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Calculating break-even point

Jan 2

Firstly lets look at the terms used in this post: The Break-Even point in sales volume is defined as: “ That point in sales volume, or revenue, where direct costs have been recovered, fixed overhead expenses have been absorbed and where profit begins” Contribution is the SALES less VARIABLE COSTS Contribution is so called as it […]

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Call answering service

Jan 2

I’ve been researching call answering services (virtual receptionist) for a few weeks now, My problem is relatively simple. 80% of the time either myself or one of our staff members is available to answer the phone. But at times like Christmas and Holidays I may require some extra support. The only professional pay as you […]

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