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Tips to Help Make Your Business Better
1. 50 Tips
To Help Improve
Your Business
The Top 50 Tips Provided By Irish
Business Owners And Managers
2. 50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
INTRODUCTION
Irish business owners are an inspiration.
In Sage, we have seen our business
customers face the past four years with
determination and a business intelligence
that has seen them through some very
difficult economic times. Not only that,
but we have seen a whole new range of
businesses coming to the market that are
confident in the future. We wanted to use
this e-book to enable Irish businesses
to share their success and the steps that they have taken to
ensure the longevity of their business. It is clear that some of
them have made changes that have really helped their business.
As Sinead Hayes from Advent said when we interviewed her for
this e-book “Doing nothing is not an option, so I would say keep
trying different things – see what works and then do more of it.”
I would echo this sentiment and encourage any business owner
that is struggling to consider real and serious change in their
business. Perhaps one of these 50 tips can be the starting point
for change in your business.
As another one of our contributors, Carol Tallon of Buyers Broker
advised; “Don’t be afraid to blaze a trail. Recession levels the
playing field for businesses, the best will rise. All businesses are
relative, success is measured in the context of the market.”
Liam Mullaney
CEO of Sage Ireland and Sage Technologies
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 2
3. 50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Contents
1. STRATEGY 6 - 10
2. PEOPLE 11 - 16
3. MARKETING 17 - 21
4. BUSINESS PROCESSES 22 - 25
5. FINANCE 26 - 30
Doing nothing is not an option,
so I would say keep trying
different things – see what
works and then do more of it.
introduction 2
Contibutors 4
About Sage 50 Accounts 5
about the Contibutors 31 - 32
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 3
4. 50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
contributors
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 4
5. 50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
About Sage 50
Accounts
Sage 50 Accounts is Ireland’s marketing leading
accounts software. It is designed to streamline all your
accounting routines, reduce data entry and save you
time. Sage 50 Accounts 2013 is the best release ever,
and we can thank our customers for that.
We listened to over 4,000 customers who provided
essential user feedback. From that information and
the great ideas put forward we’ve designed the most
comprehensive package to date.
Sage 50 2013 will give you much more control over
your finances and will ensure that you are up to date
and compliant with the very latest legislation.
From streamlined navigation to simplified language and screen layouts,
we’ve made everything easier to find and use.
Sage 50 2013, the best just got a lot better.
Call us on
1890 88 20 40
or try it now for free
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 5
7. 1sarttegy
1. Write A Business Plan Every Year
For anyone starting a business, writing a business plan is a
crucial first step. Writing a business plan forces you to consider
your business model, your marketing strategy, and commits you
to sales forecasts including a cash-flow projection. However,
don’t let your business plan gather dust, it should be a living
breathing document that you update regularly and every year
you should write a business plan for the year ahead. We do this
in Sage and it is an essential part of our planning activities for
the year ahead.
Avril McArdle
Digital and Marketing Manager at Sage Ireland
2. Everything You Do, Make It Scalable
Every week and every day our company gets a little bit better.
This can be through major initiatives like launching our Wine
Club, or just a small process improvement, like improving the
design of our delivery boxes to reduce breakages. Everything
we do, however, must be scalable to be worth doing. That
means a packing process working for 1,000 internet orders as
well as it does for 10, or delivering to Donegal as quickly and
cost effectively as Kinsale. What works in individual cases with
individual customers is ultimately worth nothing if you can’t scale
that and apply the same high levels of service and customer
satisfaction indefinitely.
Michael Kane
Chief Taster, Curious Wines
What works in
individual cases
with individual
customers is
ultimately worth
nothing if you
can’t scale that
and apply the
same high levels
of services
and customer
satisfaction
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 7
8. 3. Competitors Can Be An Asset, Watch Them,
Know Them
While we had no direct competitors when we started, as ours
was the first company in Ireland offering exclusive, nationwide
sourcing, our main competitors were estate agents. Our
strategy was to educate the market that estate agents work
for the sellers. If buyers wish to be represented Buyers Broker
could offer that service. As new direct competitors came into
the market we kept in close contact, to the point where we do
quite a bit of collaborative work. We have now taken over two
competing firms and this principal continues to work for Buyers
Broker.
Carol Tallon
Managing Director, Buyers Broker Ltd
4. Consider A Multi-channel Strategy
A multi-channel strategy means using a number of different
channels or engagement points to reach a customer. The
objective of multi-channel is to make it easy for the customer to
purchase in whatever way is most appropriate for the customer.
Channels may include selling online, in store, over the phone or
on the go using mobile. The ability to offer multiple engagement
points for customers in addition to your website has been
proven to drive additional revenue for merchants in both
increased sales and customer retention.
Sean Wilson
MD, Sage Pay Ireland
5. The Internet Can Kill You!
When addressing the Internet, be crystal clear about who your
target audience is. Avoid the trap of trying to be all things to all
people. The Internet is a rigged game. It is rigged in favour of
those who specialise. If you are a generalist the internet will kill
you. People search specifically not generally. People choose
specialists, not generalists. So when preparing a web strategy,
focus ruthlessly and achieve clarity about who you are trying to
reach.
Ian Dodson
CEO, Digital Marketing Institute
1. Strategy 1
Avoid the trap of
being all things
to all people
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 8
9. 6. Be Strategic In Your Communication
When you are communicating internally and externally, ask
yourself the question ‘Am I delivering the right message in the
right way to the right person?’
By being more mindful over how you communicate, you make
it more likely that you will impact others with your message.
Always consider how your messages make the other person
feel and not just what it will make them think. Emotions produce
action. Your customers will be more likely to buy and your staff
will be more likely to listen if you pay attention to how you affect
their feelings with your message.
Owen Fitzpatrick
Owner, Owen Fitzpatrick International
7. Include Social Media In Your PR strategy
Social media has been an exciting development for the PR and
communications industry. 90% of PR briefs received at Elevate
in the last six months have required some element of online and
social media strategy. Despite all the hype about online PR, it
does not live without offline / traditional PR. Social media offers
powerful new tools for PR agencies to use and the web can give
great consumer insights – both good and bad. The same rules
apply, define your objective, set your strategy accordingly and
measure outcomes. Listen, engage and enjoy.
Emma Kelly
MD, Elevate PR
8. Think Global
Ireland is a market of 3.5 million or 250,000 businesses. The
global market is 7 billion, 190 million companies at a rough
estimate. Most of these companies are online or are soon to be
there. The same time it costs to develop the small Irish market,
could be spent on developing a global market, particularly if you
consider going on online (which you should). With technology
and with the communication channels you now have at your
disposal, it is as easy as trying to do local business. The world is
a global village now.
Ron Immink
Co-founder of Small Business Can and CEO of Bookbuzz
1. Strategy 1
Am I delivering
the right
message in the
right way to the
right person?
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 9
10. 1. Strategy 19. Focus On What You Do Best
We focus on what we do best – we are not trying to be all
things to all people, so if we don’t do something, we will either
partner with somebody who does provide a particular product or
service, or we will refer our clients directly to another company.
Sinéad Hayes
Sales & Marketing Manager, Advent.
10. Make Decisions
There is true power in making decisions: where you are today is
a direct reflection of the decisions you made days, months and
years ago, and where you want to be tomorrow will be the direct
result of the decisions you are about to make. Here are my
decision-making keys:
• have a robust decision-making process, and include these
two vital ingredients: belief and commitment
• align every decision you make with your goals, milestones and
big outcomes
• avoid making decisions based on fears, and focus on making
decisions based on faith
• it is normal to have fears when you aim at big things; do not
let these fear moments control your decisions.
Frederique Murphy
CEO, Frederique Murphy Ltd.
Don’t let your
business plan
gather dust,
it should be a
living breatihing
document that
you update
regularly
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 10
12. 2people
11. Make Your Customer’s Needs The Forefront
Of Your Sales Strategy
Always have your customer’s best interests at the forefront
of your thoughts. If you can understand what their business
really needs, you can begin to build a long standing and loyal
relationship. Good negotiation is about finding the common
ground for both you and your customer and maximising the
potential collaboration between both parties. If you understand
their business requirements clearly, and they understand how
your product or service can clearly help them, you are a long
way towards a fruitful and mutually beneficial relationship.
Barry Murphy
Sales Manager at Sage Ireland
12. Learn From Your Customers
Take the time to talk to your customers to understand their real
needs. Observe how they use your product or service or carry
out a survey of your customers to find out what they really think
and then use that information to customise your service offering
to meet their needs. Encourage your customers to give you
feedback and be open to listening. They can tell you what is
good and what needs improving but be careful about listening to
what you only want to hear. A happy customer can be your best
advocate. Not all comments will be positive but you learn more
from an unhappy customer than from a happy one.
Nigel Pim
Director, Pims Business Systems
Get your
culture right.
Find out who’s
committed
in your
organisation
and who’s not.
For those that
aren’t, find out
why they’re
not and what
needs to change
to make them
committed...
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 12
13. 13. Keep Staff In The Loop
Where a business has staff employed and it gets into difficulty,
it is important to engage with the employees to communicate
the situation properly. Where payroll cuts need to be made it is
important to look at all the options with the employees – such as
reduced hours, career breaks, unpaid leave, lay off etc., – and
not just the obvious choices of wage cuts and redundancy. It
may be possible through communication to implement a series
of changes to working conditions and methods and achieve the
same or even more payroll cost reductions than the more harsh
and direct redundancy.
Tom Holmes
Director, Ballymount Accounting
14. Nurture Your Business Culture
We’ve recently made a statement of core values that represents
what Curious Wines is all about. I think above all else this
says we want to be open and transparent, and committed to
world class service with our customers. To state these values
publicly instils a culture in our company as we grow, ensuring
we actually deliver on values like service and accountability,
and don’t just pay them lip service. Even though we’re small,
everyone is committed and highly protective of these values, it
sends out a strong message to customers, suppliers and future
employees. Get your culture right. Find out who’s committed
in your organisation and who’s not. For those that aren’t, find
out why they’re not and what needs to change to make them
committed. Only when you’ve a unified and committed company
internally can you look outside to find success and growth.
Michael Kane
Chief Taster, Curious Wines
15. Hire People Who Are Better Than You
The best piece of business advice I got was “Don’t be afraid to
hire people who are better than you are.” I liked that. Be humble
and you’ll get great people on board who can maybe even teach
you a thing or two along the way.
Gavin Duff
Amplify Marketing
2. People 2
Encourage
your customers
to give you
feedback and
be open to
listening... but
be careful about
listening to what
you only want
to hear
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 13
14. 16. Get Out From Behind The Desk And Get
Stuck In
One of our key business strategies from the start has been
“We will come to you!” We feel that the best way to gain
an understanding of your business is to actually be on your
premises or in your factory. Too many people in our profession
have been reluctant to come out from the office and get stuck in
with the client at their business. Our feeling is that the client will
be much more comfortable in their own business setting and it
will be easier for them to relate to us as their accountants.
Tom Holmes
Director, Ballymount Accounting
17. Invest In Your People
We continuously invest in our people – we have invested
heavily in training and accrediting our team and in particular our
Support/Implementation Team over the past 12 months. We see
training as a vital component in the development of our team.
Sinéad Hayes
Sales & Marketing Manager, Advent.
18. Business Is Business, People Are People –
Everything Else Is Just Vocabulary
I’ve worked across a range of industry sectors; retail,
manufacturing, professional services, tech. They each have
their own ‘language’. The trick has been to stay focused on the
value proposition to the customer – business and people. I think
one of the challenges for owners/managers in adopting new
technology is the vocabulary. It can be really off-putting when
people are talking about clouds and tribes and yet it’s pretty
straightforward with a handy thesaurus of analogies.
Joan Mulvihill
CEO, Irish Internet Association
2. People 2
The best way
to gain an
understanding
of your business
is to actually
be on your
premises or on
your factory...
and get stuck in
with the client at
their business.
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 14
15. 19. Engage Your Team
To remain competitive and prosper in a challenging economy it
is inevitable that we will need to change our business processes
and ways of working.
Your co-workers can provide a great source of insights, so no
matter how busy you get, a weekly update meeting with your
team is a great way to access their collective ideas.
Use the team meeting it as an opportunity to celebrate success
as well as ensuring everyone is engaged and aligned to your
objectives and are clear on how they can contribute to the
success of the business.
Krishna De
Biz Growth Media
20. Step Out of Your Comfort Zone
Everything that you desire, wish for, dream of, everything you
want is outside of your comfort zone, so you need to step out to
get it. Here are the keys to stepping-out:
• accept, face, embrace, and push through your fears to break
through your comfort zone,
• learn how to embrace the uncomfortable every day with daily
actions,
• every time you will stretch outside of your box, you will grow (it
is a never-ending process),
• it takes courage to step out of your comfort zone, so have
someone to stand by your side as you do.
Your ability to move forward depends on your ability to make
decisions and on your ability to step out of your comfort zone:
take actions and make it happen.
Frederique Murphy
CEO, Frederique Murphy Ltd.
2. People 2
Your
co-workers
can provide a
great source
of insights, so
no matter how
busy you get, a
weekly update
meeting with
your team is a
great way to
access their
collective ideas
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 15
16. 21. You Can’t Beat Experience
Over the past 10 years we have “kissed many frogs”,
researched, tried & tested many products and when it comes
down to awarding contracts it is this experience that wins over.
Understanding what works and what doesn’t and the ability to
learn from our mistakes is key to our business.
Naomi Sharpe
Marketing Manager, FibreLED Ltd
22. Recruit Fairly And According To The Law
Interviews are daunting for the person being interviewed,
but can also be intimidating for the interviewer. There are
currently nine grounds under Irish legislation that you may not
discriminate against existing or potential employees. These are
marital status, family status (children), race, religion, age, gender,
disability, sexual orientation and membership of the Travelling
community. As an interviewer you have to tread the line between
assessing and getting to know the potential employee with
ensuring you don’t ask any question that may be deemed
inappropriate. Asking question directly related or indirectly
related to seeking information on these nine grounds means you
could immediately fail any complaint made by an unsuccessful
candidate under the Irish Equality Act. The best way to protect
your business is to ensure anyone involved in making hiring
decisions is properly trained on how to select candidates while
staying compliant.
Katie Craig
Head Of People Services, Sage Ireland
2. People 2
Your ability to
move forward
depends on your
ability to make
decisions and
on your ability to
step out of your
comfort zone
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 16
18. 3marketing
23. Access Competitive Intelligence
A recent global study of CEO’s conducted by IBM identified that
within the next three years, aside from face to face engagement,
social media will be the most important way for businesses to
connect with customers.
If you are looking to use social media start by being clear about
what your objectives are for using social media and define how
you will measure your success. Even if you are not planning to
use social media at this stage, you can access useful data to
help you be more effective with your marketing and customer
service by evaluating the online reputation your brand, product
and services on forums and social media sites.
Krishna De
Biz Growth Media
24. Make Sure Calls To Action Are Clear On Your
Website
A call to action is the part of a web page that solicits an action
from a user, the most popular call to actions includes “buy now”
and “learn more”. Ensure call to actions are prominent on your
website by drawing attention with a sufficient size of message,
a colour that stands out and sufficient use of white space
surrounding the message. Also ensure it’s above the “fold” of
the webpage, so the user doesn’t have to scroll to notice it.
Effective call to actions are one of the most important elements
of converting a visitor to a buyer or encouraging a user to take
the next step, compelling call to actions can have a dramatic
impact on sales.
Sean Wilson
MD, Sage Pay Ireland
We invested
in re-branding
- despite
tought market
conditions,
we realised
the potential
cost of “doing
nothing”...
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 18
19. 3. Marketing 325. Use Online To Build Your Business Offline
For retail, getting your store online helps but getting more foot
fall to your brick and mortar business using online marketing is
often forgotten. We are frequently surprised at the number of
retail firms who fail to collect customer email at POS and fail to
follow up with getting feedback about products purchased.
Chris Byrne
Founder of Newsletter.ie
26. Use Social Media To Convey Your Brand
Personality
We’ve relied on social media to promote our business and
communicate with existing and prospective customers since
we started in 2008. It’s an invaluable tool, not only to get your
name out there and be recognised, but to listen to consumers,
position your products and your messaging accordingly, and to
get your brand personality across. I believe social media is most
effective when it’s unfiltered and without hidden motives. Be
yourself, show the world what you’re about, and listen to what
people have to say.
Michael Kane
Chief Taster, Curious Wines
27. Blogging Can Drive Your Business
Social media has been our greatest asset to date. It launched
us into the media, with regular TV/radio/print exposure. Our
blogging in particular really drove the business and helped me
to find a publisher for my first book in 2011, the Irish Property
Buyers Handbook. I have since had the 2012 edition published
in print and digital format, together with two business e-books
on Competitive Intelligence and Pre-negotiation.
Carol Tallon
Managing Director, Buyers Broker Ltd
Social media is
an invaluable
tool, not only to
get your name
out there and be
recognised, but
to listen to your
consumers
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
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Page 19
20. 28. Show And Tell
Telling and showing people what you do is the best form of
business promotion. Consider speaking at conferences, provide
business education and training and become active on the
networking scene. You can then demonstrate your knowledge
and expertise and even your products to your audience.
John Crawley
Owner, The Finance Expert
29. Get The Right Domain
If you have a business idea, but are not yet ready to go live,
make sure you claim the domain name for your business as
early as possible. Choosing a domain name is one of the most
important branding decisions you will have to make. Whenever
possible, register your company name as your main URL
because it is what people enter first when searching for your
website, but do some research to ensure that your URL does
not infringe on any registered trademarks. You should also
consider registering your product/service names as additional
URLs.
Sally Tomkotowicz
Marketing Manager, Register365
30. Establish A Brand For Your Business
We invested in re-branding – despite the tough market
conditions, we realised the potential cost of “doing nothing”
when it came to investing in our brand. This investment has
been invaluable – we now have a clear, concise and consistent
message that enables us articulate our unique selling points to
prospective clients.
Sinéad Hayes
Sales & Marketing Manager, Advent
3. Marketing 3
Telling and
showing people
what you do is
the best form
of business
promotion
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
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Page 20
21. 31. Test Your Business Brand
Carefully establish your business identity and test it at each of its
delivery touch points. Here are some simple questions for you
to ask about your business brand. Does your company image
properly portray your company offering? Is your company image
capable of communicating effectively to your target prospects?
What does the word “Brand” mean to you and your company
in terms of generating incoming business, referral business and
return on marketing spend investment?
Vincent Scanlon
Owner B2B Signs & B2B Print & Director at
Marketing Institute of Ireland
32. Invest in SEO
There are users all over the country on Google.ie who are
actively seeking your brand, product or service. Capture them
and convert them. Ranking well on Google is not optional, it’s a
must, particularly if one of your main revenue streams is online.
Be wary of agencies who will promise you a number one ranking
on Google as this is not ethical. In short: invest in SEO now
before it’s too late because your competitors probably are.
Gavin Duff
Amplify Marketing
3. Marketing 3
Within the next
three years,
aside from
face to face
engagement,
social media
will be the most
important way
for businesses
to connect with
customers
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 21
23. 4business processes
33. Optimise Your Customer Acquisition Process
Examine your customer acquisition funnel and identify any points
in the process where potential customers are falling off. Perhaps
you are struggling at the beginning and not getting enough
customers to your website or perhaps your problem is further
down the funnel. By examining your process you can identify
what you need to improve.
Robert McNamara
Senior Account Manager, Sage Ireland
34. Use Cloud To Enable A Mobile Workforce
In a drive for efficiencies, we have migrated many of our
company processes to the Cloud. Our company database is
Cloud based, and can therefore be accessed from anywhere.
This means that our consultants can pull up vital information
from anywhere in Ireland, or the world for that matter. We have
also migrated all of our communication to the Cloud. This allows
our consultants to pull up mail on their smartphones, tablets,
laptops, work stations or home computers. As many of our
consultants are often travelling to and from meetings, this allows
transit time to become work time.
Gary Mullan
Owner, Prosperity Recruitment
35. Get The Right Tools To Support Your
Business Processes
We put a lot of effort into our support and finance process.
Having the right tools to respond to customers quickly has
helped grow our reputation for being responsive.
Chris Byrne
Founder of Newsletter.ie
We have
migrated all our
communication
to the cloud.
This allows our
consultants
to pull up
mail on their
smartphones,
tablets, laptops,
works stations
or home
computers
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
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Page 23
24. 4. Business Processes 436. Apply Technology
Technology used to be a barrier to entry. No small company
could afford investing in mainframes, software development and
super computers. No longer. Cloud, open source and Moore’s
Law have changed all of that. Technology is a commodity
and as a result is a must have. Apply attribute listing to your
business process (breaking down your process to the smallest
parts possible) and see where you can apply technology and/or
outsourcing. Anything that is routine can be digitized. Stick only
with the core of what makes you unique, special and different.
Focus on data capture and learning everything about your
customers. It will cut costs, make you scalable and your work
will be much more enjoyable.
Ron Immink
Co-founder of Small Business Can and CEO of Bookbuzz
37. Embrace Change
Change is never easy and no one really really likes it but it’s a
question of deciding to go for it, committing to the newness of
it all and trusting that it will work out for you. It’s not just about
buying the technology, it’s about buying into it, dedicating the
time to learning new things (digital marketing, online sales for
example) and sticking with it. There are so many great case
studies of inventive businesses that have invested more time
than money but are now realising the benefits and standing out
from the competition.
Joan Mulvihill
CEO, Irish Internet Association
38. Measure Your Customer Service Quality
It is up to management to lead the way and coach their team as
to why giving excellent customer service is important and ensure
measurement of customer service quality is part of business
processes. Although you might think you are giving excellent
customer care, if there is no way of recording and measuring
this then you can’t really be sure or have a level from which to
improve.
Michael Thompson
Accounts Production Support Team Manager at Sage Ireland
word of
mouth and the
maintenance
of our good
reputation
is of vital
importance to
the continuation
of our business
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
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Page 24
25. 4. Business Processes 439. Build A Good Reputation
In our business you are only as good as what your last client
says about you – word of mouth and the maintenance of our
good reputation is of vital importance to the continuation of our
business. The cultivation of a good reputation and the provision
of a good service is of vital importance. We have found that
doing someone a “good turn” will pay back at least ten fold in
goodwill and referral business in the future. We have helped
people that have been in trouble with the Revenue, we have
helped our local school keep their books, we have helped
charities – all of this work was done “pro bono”, but we do it
because it builds our reputation.
Tom Holmes
Ballymount Accounting
40. Build Efficiency
Is your business operating with maximum efficiency? Could one
person do the job that two people are employed to do? Is there
time being wasted doubling up or doing manual processes that
could be automated?
We have developed our own sales methodology, which has
proved successful. We have adapted our CRM system in-house
to reflect the process we follow. This gives sales people a clear
direction and gives management the necessary view of what’s
happening. Knowing that processes are followed consistently
means that it is easy to measure performance and it also means
that it is easy to “tweak” something if it is not working.
Sinéad Hayes
Sales & Marketing Manager, Advent
It’s not just
about buying the
the technology,
it’s about
buying into it,
dedicating the
time to learning
new things and
sticking with it
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Page 25
27. 5finance
41. Cash Flow Is King
It’s vital that a business keeps the cash flowing throughout the
good times and the bad. You need to understand how and
when the cash will flow. You can do this by preparing cash flow
projections to understand how your cash flows are going to
change in the coming months. By doing this you can prepare
in advance. You should also be trying to accelerate inflows and
slow down outflows. You can do this by examining ways of
converting debtors’ balances into cash by way of early payment
discounts, invoicing promptly or reviewing credit terms. You can
also reduce your stock levels by pricing slow moving stock at a
discount. To stem outflows, investigate extending credit terms
with suppliers or renegotiating a lease agreement.
David Merrigan
Commercial Finance Manager, Sage Ireland
42. Volume For Vanity, Profit For Sanity
Our business is typical of one that has a relatively small number
of high value customers and we are always seeking to grow our
customer base. A lot of managers focus on growing the volume
of their business, even at the risk of margin. If every deal does
not have a value proposition on it’s own merit, you are doing the
wrong deal. Don’t discount to win volume.
Robert Baker
Founder & CEO, Baker Security & Networks.
we added a
freemium model
to the business
with online
payments and
our business
jumped to more
than 5,000
customers in
that year alone
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Page 27
28. 5. Finance 543. Compliance Is Important
It is a basic requirement of all tax payers (individuals and
companies) to ensure that they are aware of the relevant tax
deadlines and ensuring that they are meeting the compliance
deadlines for the relevant taxes that they are registered. With
the implementation of Revenues Online Service (ROS) the
interaction between the tax payer and Revenua has improved
considerably and it is important that both your tax agent and
your business are registered for ROS. This will allow you to view
your deadlines, liabilities and tax history in real-time and also
allow you to receive important notifications from Revenue.
Mark Ryan
Director, Quintas
44. Offer Your Customers A Pricing Structure
With Regular Payments
One thing I’ve felt since 2008 is that it’s becoming more
difficult to keep a consistent cash flow and this is mainly due
to customers/clients feeling the strain of lump sum payments.
Within every proposal I set a pricing structure with regular
payments, broken down by month. This helps your own cash
flow and the smaller amounts are much easier to accommodate
for customers.
Offering to break down payments shows a client that you are
responsive, flexible and understanding. It also has a positive
effect on your relationship.
Christina Giliberti
Owner, CG Online Marketing
45. Do Not Accept Everything As It Is
Design it as it should be, plan then implement to make it
happen. For example, we could not afford the payment terms
and conditions that were standard in our industry so we
designed our own. New entrants to the market adopted ours,
and ours then became the industry norm for buyers agents.
Carol Tallon
Managing Director, Buyers Broker Ltd.
It is important
that both your
tax agent and
your business
are registered
for ROS. This
will allow you
to view your
deadlines,
liabilities and
tax history in
real-time
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29. 5. Finance 5
If every deal
does not
have a value
proposition on
it’s own merit,
you are doing
the wrong deal.
Don’t discount
to win volume
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
46. KCD (Keep Costs Down)
Even if a company isn’t struggling it should be in a constant
root and branch analysis of costs. People forget that even in the
boom years, many businesses went bust because outgoings
exceeded incoming revenue.
Gary Mullan
Owner, Prosperity Recruitment
47. Cut Costs At The Back-end
There has never been a better time to become leaner and more
efficient. This does not mean you cut quality at the front-end,
that is what customers still want. Cut costs at the back end.
You would be surprised the number of non-IT companies, who
end up running IT departments they don’t need, or paying
external consultants to keep servers going. These costs can be
cut by moving to the cloud.
Robert Baker
Founder & CEO, Baker Security & Networks.
48. Make It Easy For Customers To Pay You
Too often this is an area that is least optimised in a business,
often to its detriment. A few years ago we added a freemium
model to the business with online payments and our business
jumped to more than 5,000 customers in that year alone.
Chris Byrne
Founder of Newsletter.ie
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30. 50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
5. Finance 549. Make Every Cent Accountable
When dealing with vendors and suppliers ask if they can make
the proposed spend measureable and accountable. The
same applies to businesses offering a service. Companies
need to measure the benefit of their investment. Data analysis
and accountability need to be the heart of all communication
planning as real, tangible results should be delivered from all
activity.
Jason Nebenzahl
Managing Director, PHD Ireland
50. Engage With Creditors (especially the
Revenue) As Early As Possible
It is important that where a business finds itself in difficulty
over paying its creditors (to include trade suppliers, banks and
Revenue etc.), that it seeks to engage and talk to the creditor(s)
as soon as possible about the situation. From our experience
it creates a good amount of goodwill with the creditor if this
engagement is initiated first by the business in trouble rather
than the creditor finding out elsewhere that there is an issue.
From our experience once the initial problem is communicated
to the creditor, it is usually relatively straightforward to get an
agreed deferred payment arrangement with the creditor.
Tom Holmes
Director, Ballymount Accounting
It is important that where a business
finds itself in difficulty over paying
its creditors, that it seeks to engage
and talk to the creditor(s) as soon as
possible about the situation
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Page 30
31. Advent
A Sage Gold Partner, started up in 2003
with a small team of five people and now
employ 15 people. Advent specialises in
software development services for Sage 200
Accounting Software and Sage CRM.
Amplify Search Marketing
Amplify is an Irish search marketing agency
owned by Digitalworx Ltd, the online group
of The Irish Times and was founded in in
January 2011. They specialise in search
marketing and help businesses effectively
reach their customers through a variety of
digital search touch points.
Baker Security & Networks
Baker Security & Networks was founded in
1995 and employees 15 people. They are
Ireland’s largest Google Apps reseller. They
have over 120 Google Apps Customers and
support over 90,000 Google Apps.
Ballymount Accounting
Ballymount Accounting was incorporated in
June 1998 and specialises is in the provision
of part time financial control to small and
medium sized businesses. The company has
access to specialist business services such
as Auditing, Insolvency, IT and HR etc.
B2B Signs
B2B Signs was established by Cork
businessman Vincent Scanlon over ten years
ago. B2B Signs provides a complete range
of signage solutions for businesses and
organisations all over Ireland.
Buyers Brokers
Buyers Brokers was started in 2006 to help
buyers cope with the changing market. They
advise clients on current market trends,
source a selection of potentially suitable
properties, presenting the best to property
buyers. .
CG Online Marketing
CG Online Marketing; a digital support
and consultancy agency based in Cork
that launched in 2008, covers a range of
custom services including SEO, marketing/
content strategy planning, copywriting,
website project management, advertising and
analytics.
Curious Wines
Curious Wines was founded in 2008. They
import their own wines from all over the
world, retailing through an innovative wine
warehouse concept on Cork’s Kinsale Road
and wholesaling to a range of commercial
customers including bars and restaurants.
After growing turnover by 25% from 2010 to
2011, they are now running 40% ahead in
2012 for the same period in 2011.
Digital Marketing Institute
The Digital Marketing Institute was founded
in 2008 and has established itself as a key
support to the Digital Marketing sector in
Ireland, offering Diplomas in Digital Marketing
and Social Media.
Elevate PR
Elevate is a medium sized PR agency
with a client portfolio of leading brands,
organisations and owner entrepreneurs.
Elevate PR was established in 2001 by
Emma Kelly and currently has 11 staff.
Frederique Murphy Limited
Frederique Murphy is a mind-set strategist,
who founded her business to focus on
her passion: transformation! Frederique’s
business acumen stems from having been a
communications and change management
consultant for over ten years, working on
multi-million dollar programmes around the
world and running a successful business.
contributors
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 31
32. Krishna De
Krishna De is an award winning
communications strategist, commentator
and mentor. She guides business leaders
on how to integrate digital and social media
communications into their business strategy
to boost their visibility, reputation and profits.
Irish Internet Association
The Irish Internet Association is the
professional body for those conducting
business via the internet from Ireland.
Established in 1997, the IIA is a strong voice
for over 300 member companies.
The Finance Expert
The Finance Expert’s was started in 2003 by
John Crawley after 23 years with the Ulster
Bank Group (owned by RBS). They offer the
services of a seasoned businessman with
significant banking, business, marketing and
strategy experience.
Newsletter.ie
Newsletter.ie provides an online platform
that makes it easy for any business to create
email newsletters which get delivered. It’s
free for 2,500 contacts. Newsletter.ie was
started in 2002 and now has ten employees
with offices in Ireland and San Francisco.
Owen Fitzpatrick
Owen Fitzpatrick is an author, speaker,
psychologist, trainer and broadcaster. Owen
was the presenter and expert of the RTE
primetime show ‘Not Enough Hours’. Owen
is also the co- author of ‘Choose Freedom’,
an international bestseller, which has been
translated into 6 languages.
PHD
PHD is part of Omnicom Media Group,
which is made up of PHD, OMD, M2M and a
number of specialist media companies.
Pims Business Systems
Pims Business Systems started in 2001
helping business prepare for the Euro and
currently employs 10 People. Pims sell
support and train Sage Software, specialising
in maximising the benefit businesses get from
Sage software.
Prosperity Recruitment
Prosperity is Ireland’s only specialised digital,
creative, media and marketing recruitment
agency. Incorporated in 2001, they currently
have a team of ten specialist consultants.
Quintas
Quintas is one of Ireland’s leading
accountancy firms, offering clients market
leading business and personal financial
solutions. Quintas are based in Cork and
with a team of over 60 dedicated staff, they
specialise in all areas of audit, tax, advisory
and wealth management.
Register 365
Register 365 offers domain names and web
hosting as well as Ecommerce solutions
and DIY website building tools. Register365
is part of the Dada Group, an international
group of companies who specialise in
providing professional Internet services.
Sage Pay
Sage Pay is Ireland’s leading multi-channel
payments provider. Every year, Sage Pay
processes billions of Euros worth of secure
payments for its 40,000 customers and
makes the process of accepting payments
online, in store, over the phone, or in person
simpler, faster, safer and more profitable for
businesses of all sizes.
Small Business Can
Small Business Can started with a year of
research and preparation and was launched
in April 2009. It is now a brand in its own
right, has 15,000 members with Ulster Bank
confirmed as a partner for another five years.
contributors
50 Tips To Help Improve Your Business, sponsored by Sage 50 Accounts
Sage. Making Business Better. Call us on 1890 88 20 40 www.sage.ie
Page 32
33. Follow Sage On Social Media For More Business Tips
Sage Ireland
3096 Lake Drive, Citywest Business Park, Dublin 24, Ireland.
Tel: 1890 88 20 40 (International: +353 1642 08 00)
Fax: 01 642 0899
Email: sales@sage.ie
www.sage.ie
Sage Hibernia Limited 2012