Blog.
Sharing insight and developing new ideas.
In our blog, we’ll cover a range of business topics to inform, engage, and entertain. Whether we’re talking about changes to cloud accounting, advising agency owners on the right pathway to growth, or giving updates on the latest government announcements, we’ve got your business in mind.
If you have any questions about our blog articles, please get in touch, and we’ll be more than happy to discuss them with you.
What is lock-up and how can it be minimised to help an agency’s cash flow?
Lock-up is the value of revenue that has been earned but has not yet been converted to cash as it is either tied up (or locked up) in unbilled work in progress or outstanding trade debtors.
Agency planning ahead of a downturn or recession
A downturn is predicted from some point in Q4 this year but with the right planning, agencies can survive and even flourish! It’s important to review your client portfolio to identify where there could be risk and opportunity.
Setting charge out rates to maximise agency profitability and remain competitive
Traditionally and as a rule of thumb, many agencies have set their charge out rates at an arbitrary three times the hourly cost of billable staff.
The shrinking freelancer pool
Freelancers have always offered convenience for agencies in all disciplines due to the flexibility offered in being able to bring them in when required and with no long-term commitment
Agency timesheets: the necessary evil
In recent times, some smaller agencies have scrapped timesheets or have never adopted them at all. Timesheets have always been unpopular with staff.
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