Should you give away your software for free – maybe it is a way to grow your software business. Economists have proven that in any efficient market, the cost of a good will be driven down to its marginal cost of production. If you’re one of many producers selling widgets then consumers will shop around...
Category: Managing IT Cost and Value
Grow Profits by Using Cash Conversion Cycle
I have set up (and 5 years later sold) a technology company and managed the commercial aspects of several businesses. As I wrote in a previous blog that most business people accept that “cash is king”, without realising that tight management of working capital is the foundation on which to build positive cash flow and...
Grow Your Business by Working Capital Improvement
We help technology intensive businesses (design & marketing agencies, IT services companies, software developers, etc.) grow their revenue and manage their costs – so where does working capital improvement fit in? I am not an accountant and most senior directors of my clients are similarly placed, but the lack of understanding of working capital is...
The Profit Improvement Process Part 2 – Your Costs
A previous blog article on profit improvement shows that this occurs when revenues are increased, costs are decreased, or preferably both. That article looked at increasing your revenues and margin, so now let us look at the direct costs and resulting gross profit margin by answering the following questions in these areas: How does your...
Top 5 Free Starter IT Tools Every Person Needs
So you are just starting a business or been running it for a while and decided to start some of the tools available to help with your planning, emailing, websites or whatever. But which tools should you try out – simple start with the FREE ones. When I say FREE I do not mean stolen,...
9 Questions to Ask before Hiring Your 1st Employee into Your Tech Business
You have started your business, everything is going very well, and you now need help to continue to grow and are thinking of hiring your first employees. Great, but stop to ask yourself these questions before rushing in. Could an independent self-employed freelancer or contractor be more cost effective? Rather than making a full time...
Which are the best smartphones to buy for a small business?
In the not so disatnt past there was only one brand of smartphone on the shopping list for any business when it came to company phones – this was BlackBerry. Much has changed since BlackBerry’s fortunes have gone downhill, leaving the marketplace wide open for competitors to step in and pick up businesses’ smartphones. Now...
3 FREE accounting software packages for any small business
A good piece of accounting software package can help any small business – it is much much better than using spreadsheets! With a package you can automate most business processes and produce detailed reports on precisely how you’re doing. Deciding you need an accounting package is the easy part, of course – picking the best...
7 Steps to Improve your Website – for FREE?
You may have spent ‘too much’ on getting your website up and live a year or more, and cannot afford or have the energy to go through a total revamp. However there are small changes that you can make to your home / business website that will cost you very little (just time). You will...
Top 5 Free Starter IT Tools Every Person Needs
So you are just starting a business or been running it for a while and decided to start some of the tools available to help with your planning, emailing, websites or whatever. But which tools should you try out – simple start with the FREE ones. When I say FREE I do not mean stolen,...