Business

Accrual Accounting: Why Your Business Might Need it More than You Think

For many business owners, especially those starting out, accounting is an afterthought. Revenue goes in, expenses go out, and the hope is that there’s something left at the end. But as companies grow, the need for accurate financial insight becomes not just helpful—it becomes essential. That’s where accrual accounting comes into play.

While cash-based accounting might work for freelancers or micro-businesses, accrual accounting offers a far more complete and forward-looking picture of your company’s financial health. In fact, many mid-sized and large enterprises are legally...

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UK loses AAA credit rating

Although the UK lost its highly coveted AAA rating over the weekend, the UK equity shrugged off the news this morning very quickly.

At 12.30 the stock market was up 36 points at 6371 with miners and banks leading the way. Antofagasta was up 3.5 per cent and Kazakhmys and Anglo American were not far behind. In the banking sector Royal Bank of Scotland continued its strong run of late up 3 per cent, as was Barclays.

Sterling against the dollar was virtually unchanged and although gilt prices were down a touch the rating downgrade had been expected and caused very little worry...

Speed mentoring supporting Devon tourism businesses

South Devon based experts in tourism, hospitality and marketing have signed up to offer a FREE speed mentoring service in English Tourism Week in 2013.

The Speed Mentoring event forms part of the English Riviera Tourism and Business Conference at Torquay’s Riviera International Conference Centre on 21st March 2013 being organised by the English Riviera Tourism Company.

The mentoring team will be giving bite size chunks of information about hot topics, delivered on a one to one basis, to tourism businesses who just want to pick up new tips or ask a few critical questions....

The Daily UK set to launch first franchise in Plymouth

The team behind The Exeter Daily are poised to launch their first franchise. After just five months of trading in Exeter, The Daily UK, is to expand into Plymouth next month. Meanwhile, talks are at an advanced stage in a number of other areas across the UK.

The Daily model was created by Marc Astley, who stood down as editor of the Express & Echo in Exeter shortly after it turned from a daily to weekly. And he said his user-generated model had captured the imaginations of a new generation of news consumer.

Mr Astley added: “Everything we are doing now is six to 12...

The Only Thing We Have To Fear Is Fear Itself!

If you’re waiting for your customers to come to you with their next order you’ve got a fundamental problem – you’re taking part in the Waiting Game. It was Franklin Delano Roosevelt that said “The Only Thing We Have To Fear Is Fear Itself” and nothing is truer in business than this.

Your existing customer base can hold hidden treasures in terms of extra business. How proactive are you at going after it? Do you think ‘If I contact them then I run the risk of hassling them and then they won’t use me anymore’ – If this is your mindset then think again.

How well do you know...

Time to focus on skills for work

'Focus Five' is a new award designed to help young people gain 'core employability skills'. The new name and branding, created by a local student, was revealed this week by the Exeter & Heart of Devon Employment and Skills Board, who have been working with local businesses and colleges on its development.

The Focus Five Award has been created in response to demand from employers who often report that they struggle to recruit young people due to lack of five key employability skills:

Communications Skills
Team Working Skills
Organisational

Devon's Businesswomen celebrated at Exeter event

It's definitely all about the girls this week as some of the best female minds in Devon's business community gathered for a special award ceremony at Exeter's Golf and Country Club.

The event, organised by Womens Development Unlimited (WDU), celebrates the achievements and advancements of businesses in Devon specifically run or owned by women.

All the candidates are on the Fast Track 4 Growth programme run by the WDU which is a highly subsidised programme of skills training, mentoring, coaching and action learning. It provides specialist women to women advice and aims to...

Keeping On Top by Being Upside Down!

Next time you take your shoes in for repair or have a key to cut or a watch needing repair, you may well come across the name Timpson. Established in Exeter since 1903 there are now 315 Timpson shops throughout the United Kingdom. So how has this company survived for so long and what have been the highs and lows along the way?

Customer and Employee Care are at the heart of Timpson’s success and foresight and the ability to read the market has truly saved their bacon. We have a saying here at The Plum Consultancy: “Hindsight is a wonderful thing, foresight is even better!” –...

The age of video marketing has begun

Does the use of Video make a difference to Business Results? The answer is YES! Based on a great deal of research over the past two years, there is no question that the age of video marketing has begun. Video is expected to grow by 55% this year as the Top Format for Content Marketing. Add to that the fact that Videos have 41% higher click through rate than text and that videos are shared 1,200% more than links and text combined and you start to get the picture!

At The Plum Consultancy we have first hand evidence of how our virtual video product PropVid is helping clients out...

Exeter Accountant Retires After 41 Year Career

Exeter accountancy firm Simpkins Edwards has announced the retirement of one of its longest serving partners, Cliff Nightingale.

With an accountancy career spanning over 41 years, Cliff joined Simpkins Edwards in 1996 as a result of a merger with his previous firm, Honey Perriam. He has been Senior Partner at Simpkins Edwards since 2002, working as head of the firm’s Corporate Services Group with a wide range of corporate clients, particularly owner managed businesses.

Cliff’s retirement was marked with a party for staff and clients at the firm’s central Exeter office on...

Republic's Exeter store remains open while buyer is found

The Leeds-based clothing retailer Republic, which has 121 stores including one in Exeter and one in Plymouth, has announced that it has called in the administrators.

Business

Accrual Accounting: Why Your Business Might Need it More than You Think

UK loses AAA credit rating

Speed mentoring supporting Devon tourism businesses

The Daily UK set to launch first franchise in Plymouth

The Only Thing We Have To Fear Is Fear Itself!

Time to focus on skills for work

Devon's Businesswomen celebrated at Exeter event

Keeping On Top by Being Upside Down!

The age of video marketing has begun

Exeter Accountant Retires After 41 Year Career

Republic's Exeter store remains open while buyer is found

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