Recent content by Millerd

  1. Millerd

    I have £40,000 to start a new business. Ideas welcome!

    Have a look at https://unconventionalacquisitions.com/ - they have some good ideas.
  2. Millerd

    How to establish really solid reporting in a young business

    Hi @JImbo_123 I agree with the proposal above by @FGCL. There is a big gap between bookkeeping and accountants that provide year-end services and the financial management requirements of a business. I have done a lot of work as a remote part-time CFO for SMB's as there is a big gap between...
  3. Millerd

    Going self-employed and in need of a mentor

    There are many skills you can hire, part-time as and when you need them, on the internet - but they cost money and if you aren't clear what outcome/result you want and how much you are paying for the outcome there is a good chance you'll be ripped off or disappointed. My initial focus would be...
  4. Millerd

    Bye bye offices?

    I think that this is the thin edge of the wedge and it will be a growing trend. There are already 1000's of businesses working completely remotely with staff from all around the world. People will just have to learn how to work from home or from a convenient co-working space/pub/coffee shop -...
  5. Millerd

    Really struggling to generate business

    Try https://linkedselling.com... a program from Josh Turner. He also has a book Booked which is about using LinkedIn as a marketing platform.
  6. Millerd

    How do I get sales? (beginner)

    I agree you need to build a community that raves about your products - they will be the hub of the viral expansion. Are you selling to family and friends? If not why not? If they don't buy why should anyone else? Give things away for a review - get a clear idea of what works and what doesn't...
  7. Millerd

    Should Server costs be classed as 'Cost of Sales' if resold to clients?

    The main concern of HRMC is getting what they think is owed to them! In both cases it makes no difference and any query would probably be more related to the opinion of the individual looking at the transaction than the substance of the issue. Also remember that most bookkeeping packages are...
  8. Millerd

    Running a business - motivation

    Life goes through cycles - some up some down. Ups are easy downs have to be worked through. Procrastination happens to most people at some time with something - accept it and grind through. Know why you're doing what you are doing. And if the why is not compelling enough it may be time to move on.
  9. Millerd

    Should Server costs be classed as 'Cost of Sales' if resold to clients?

    General Expenses is not a good option as if it becomes a material amount HMRC may require these to be broken down. With your concerns you are confronting the "art" part of bookkeeping/accounting as opposed to the science element. HMRC wants as much profit as possible and are more concerned about...
  10. Millerd

    Is an unsigned shareholder agreement still vaild?

    Google "rights of minority shareholders" (the one from Myerson Solicitors is current)- there are various options that may be applicable.
  11. Millerd

    Seeking business advice

    In a number of the answers above the "more" work has been addressed. But "more consistent" is another issue. Here you are striving for utopia - an operation that is perfectly balanced, one in which there is never any over or under capacity! Where week by week resources match perfectly with...
  12. Millerd

    Retiring from my tuition business- maybe I can ask someone else to do it?

    I would also consider the other aspects that made your existing business a success - like where and how you advertise. What made your business different? What generated the referrals and enquiries and built your reputation? If you don't know the answers then ask the parents who you've worked...
  13. Millerd

    Retiring from my tuition business- maybe I can ask someone else to do it?

    There is value in your "lessons" and "ingenuity" which you could use to build a business. To start you need to document these elements and build them into a system. You will then have the fundamental elements of a "business". Once this is done you can use this documented model with any part-time...
  14. Millerd

    Best Website Providers

    I use ThriveThemes because it's simple, not expensive and has a lot of resources to make the process of building and maintaining a Wordpress site as easy as possible. There are constant improvements to make the process as user-friendly as possible without compromising the quality of the site too...
  15. Millerd

    Profit split between partners

    Separate the issues. As a shareholder (if that relates to the capital investment), you get a share of the profits in relation to the shareholdings. If A works in the company then they should be paid a market-related salary - that should cover all their 15% . If B and C do any "work" they should...
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