Monthly Archives: June 2016
Business Insight 30 – The Boy Who Cried Wolf (blog & vlog)
Things were going too nicely: we were doing increasingly well out of both shops, and virtually every week l looked forward to going round to SHI Co’s offices to pick up a big commission cheque for the previous week’s sales. Read more ›
Business Insight 29 – Negotiating Deals (vlog only)
Business Insight 29 – Negotiating Deals (blog & vlog)
As a result of forming a company, Rodney was naturally unhappy for being personally responsible for the leases on the shops. The freeholders wouldn’t assign the lease to a brand new company, so the leases were assigned to both me Read more ›
Business Insight 28 – Limited Companies (vlog only)
Business Insight 28 – Limited Companies (blog & vlog)
When we had the accounts audited for our first period of operation (T/O £32,000), it was as a partnership. My accountant pointed out to me that I would be responsible for the personal debts of Rodney wherever and whenever they Read more ›
Business Insight 27 – Payment Terms (vlog only)
Business Insight 27 – Payment Terms (blog & vlog)
We had had a more successful year than the year before and the Hastings operation had covered its costs. However, there were issues with its sales being under-costed and also a growing debt problem with customers not wanting to settle Read more ›
Business Insight 26 – Agreements (vlog only)
Business Insight 26 – Agreements (blog & vlog)
The surveyor’s accurate specifications were always compared to what the salesman had sold contract-wise, and commissions were then calculated accordingly. There were very rarely any adjustments with my sales; this sadly was not the case with Rodney’s contracts, which were Read more ›