HOW TO IMPROVE YOUR BUSINESSES FINANCES

[@biketrialsdave]

Thank you for all your content. It would be great if you could do a video on capital assets and depreciation. In my case I purchase test equipment ranging from £20 to many thousands of pounds. What counts as a capital asset (based on value?) and how should it be depreciated? Cheers!

[@HeelanAssociates]

Will add to the list!

[@AdamBilliald]

Excellent as always ! The accounting for stock in place is a big one - as thats where a lot of value is often hiding / lurking ! Sell sell sel!! (At profit) Best wishes, Adam

[@HeelanAssociates]

Yes for sure, it’s also a super common misunderstanding about its impact on the figures an owner might be looking at, if it’s not accounted for.

[@bjpcorp]

I must do another big think now I have more data. Its very useful to know the cost of running your business, a motivating factor that induces creativity and imagination! 😂

[@HeelanAssociates]

It’s good to think ‘is this what I thought it should be’, or thought it would be, and adjust from there.

[@uniteallaction]

I think the biggest thing that small business soon realise they need to charge big prices.

[@HeelanAssociates]

This is by far the most common action needed!

[@sandhyarathod817]

Please speak bit slowly

[@HeelanAssociates]

It’s a challenge that one ;)

[@bjpcorp]

Change the playback speed on the video, but at 0.5x speed he sounds drunk! 😂