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5 Ways to Grow Your Fitness Business Without Breaking the Bank

5 Ways To Grow Your Fitness Business Without Breaking The Bank Business growth often requires hefty investment, but there are ways of growing and improving your fitness business without spending a huge chunk of cash. If you’re trying to build your gym or fitness business on a conservative budget, take a look at the following …

Capital Allowances 130% Superpower! Kapow!Invest now or later?

Capital Allowances. Invest now or later? Earlier this year, you may have seen in the news – or online – talk of a new super duper 130% Capital Allowances deduction intended to accelerate investment by businesses. AKA the Capital Allowances Superpower! But unless you’re already claiming capital allowances tax relief, this might not mean much …

Why you should stop competing on price – and how to do it

Why you should stop competing on price – and how to do it Many fitness businesses compete on price simply because they haven’t contemplated taking another route. The problem is that simply slashing your prices and trying to undercut your competitors can set you on the path towards financial failure. Competing on price often leaves …

7 Most Common Money Mistakes for Gym Startups to Avoid

7 Common Money Mistakes for Gym Startups to Avoid Smart financial management is essential for any business, no matter how big or small. However, it can be difficult to get things right, especially during the startup stage. Poor financial planning is one of the most common reasons that startups fail, so the sooner you take …

5 Simple Ways to improve the cash in your startup business

5 simple way to improve cash in your start up business Cash is king in business and good cash flow management is essential for the success of your startup. Think of cash flow as blood flow and you’ll understand just how vital it is to the health of your business; without it, you’ll die. That …

What are the benefits of paying by direct debit?

Why direct debit is beneficial to you When deciding which accountant best suits your business, understanding how you will be charged for those services may be a key component. Will you have one large bill after the accountant has finalised your accounts and will you know when this might be? Even though the cost of …

5 common accounting mistakes that could hurt your gym business

5 common accounting mistakes that could hurt your gym business Many gym and fitness centre owners – especially those just starting out – tend to handle their own accounting and bookkeeping. However, keeping track of the finance-side of the business– everything from income to expenses to tax compliance– can be overwhelming. Mistakes can happen quite …

More money for your business – tax savings during covid 19

More money for your business than you know Even with a little glowing light at the end this unimaginably long tunnel, it does feel like for 2021, things just managed to get worse. But we’re not here to spread doom and gloom. We want to bring hope and open your eyes to options that until …

7 signs that your business is leaking profit

7 signs that your business is leaking profit …..and you need to hire an accountant 7 signs that your business is leaking profits and you need to hire an accountant.   Accountants play an important role at various stages of the growth of your business. They can handle much more than just your payroll and tax returns. So, when should you consider hiring an …

Trivial Benefits – what are they?

What are trivial benefits? Should you care? What are trivial Benefits? Trivial benefits are best described as small ‘token gifts’, given by management to their employees. This can come in any shape or form but generally speaking, they are typified by gestures such as bottles of wine, chocolates, beer for the office, or team lunches. Essentially little …