How To Lay The Foundations For Success
Some of the most successful companies concentrate almost exclusively on running their mainstream business. Examples are to be found amongst large multi-nationals as well as much smaller companies and professional partnerships, which subcontract peripheral services to outside specialists.
Supporting services should be evaluated against other options at least every 3 years. If nothing else, such an evaluation provides an external yardstick of cost-effectiveness. Any significant outlay on supporting services should be examined in this way, including:
• canteen and vending facilities
• cleaning services
• vehicle-fleet management
• distribution and delivery
• building maintenance
• security services
• chauffeur services
• energy management
• pension administration
• merchandising support
The external purchase of professional services should also be evaluated. It may well be possible to obtain a higher quality of service for the same cost in some instances. Specialist services departments that should be evaluated include:
• patents and trade marks
• legal advice
• public relations
• corporation tax
• artwork and graphic design
• architectural ser
Next:
- Demack on Measurable Standards
- Demack on How To Lay The Foundations For Success - Manufacturing Operations.
Want INSTANT TAX ADVICE?
Setting up in business | Legal Compliance | Keeping informed | Planning for profit | Raising finance |
| Managing growth | Buy, sell or merge | Minimising tax | Agreeing tax liabilities | Tax Rates 2024/26 | advice
Our Services
Business start-ups, Accounts Preparation, Tax Planning and Advice, Tax enquiry and investigations, Personal & Business Taxation including Income Tax, Self Assessment Tax, Coming into/Leaving the UK, Inheritance tax, Capital Gains Tax, Corporation Tax, National Insurance, PAYE, Value Added Tax Advice and Company Secretarial services
What a Demack Chartered Accountant can do for you?