Ever had one of those periods in your life where you are so busy that it doesn't seem possible to do any more...
...and then the demands get greater and realise you can do more?
My Dad used to say 'I'm so busy I've met meself coming back!'
Never was very sure what he meant but he is from Suffolk after all!
Anyway, that's what's been happening to Renee and me over the passed few weeks. The business has become very busy (and long may it continue, by the way... don't for one minute think I'm complaining) and it's been a little difficult to lift the ol' head up above the parapet for anything, let alone blog.
We've been working some pretty decent hours, like many people, and I was having a think as to why that might be.
Of course, I've been asking recently if anyone knows of any accountants who might want a change of scenery - we still have a vacancy for a new team member if anyone knows anyone - which means we're short staffed.
But that's not the fundamental reason for the long hours. No, the reason is because of a thing called the one third rule.
We reckon that a third of our turnover should go on overheads, things like the rent and software and marketing and 'phone bills and... well, you get the picture. Another third goes on our salary bill (or should do) and the final third ends up as profit (eventually) when we stop growing.
Our salary bill is not 1/3 of our turnover at the moment which means that the slack has to be taken up somewhere...and it's by us (or more accurately, mostly Renee). As our salary bill falls behind our turnover we always see an increase in Renee's hours.
The secret then should be to have a salary bill that's 1/3 of turnover. Wehay (said the staff) let's just put all our wages up.
Doesn't quite work like that, of course. Because increased salary has to equate to increased production and when the team is at capacity that means bringing in new team members.
Although very interesting when I think about it in these terms it all amounts to the same thing. We need a couple of members of staff.
Ideally we are looking for qualified accountants (or nearly qualified) who have worked in an accountancy practice and want to stay with a business while it expands rapidly.
They need to be customer focussed, efficient and generally wonderful in every way.
In return we'll pay them up to £30,000 and they'll have a stonkingly good time working in a fast paced but friendly environment.
Know anyone?
Please let me know: 0131 202 9888.
I'd love to hear from them.
