Wow, you have done it. You have taken a start up business to a fully operational profitable business. Like most entrepreneurs you will now be thinking of the next step.

When I got to this stage, I found I was working 60+ hours a week. Most of the time I was spending at work was on either administration or low level tasks.

I did two things to help me free up my time and this helped me double my turnover in about a year!

Firstly, I needed help. We hired our first member of staff. In hindsight, I should have done this sooner, but nevertheless once working, my staff freed up more of my time.

I then looked at outsourcing some of the work I did such as webpage building. The website professionals did a much better job of this than I did and our websites looked more professional. I honestly believe that I would not have been as successfull, without a well designed professional website.

Next I hired apprentices. This really helped my business grow and we also received support from the government for hiring apprentices. One of the highlights of running and growing my company was helping and developing these young adults into important employees, who we now value highly.

With taking on new employees and apprentices, the company is now almost running itself and I have a lot more time for expanding it and concentrating on other ventures.

I then needed to update our accounting systems. I do this on quite a frequent basis, as start-ups and fast growing businesses needs change all the time. What was a quick way to do a task last month, could take a lot longer next month.

During the early years of the company, all of the book-keeping and accountancy function was in Excel. Excel is easy to use and can be fast when dealing with 1,000’s of sales a month.

We soon joined up to the flat rate scheme, which made preparin the VAT returns a lot quicker. We can look into the different VAT schemes to help you save time and money.

A large project we took on was to move the stock and invoicing system to a cloud based database. We outsourced the database production successfully and it is now a major part of our accounting systems.

We have recently migrated the accounts from Excel to Sage 50.

These changes have helped reduce the workload in preparing the accounts, quarterly UK VAT returns and the monthly German VAT returns.