Business News

Redundancy is never an easy decision. At J McEvoy we know that whether prompted by declining revenues, restructuring, or external pressures, reducing staff can feel like a necessary step in tough times. But before making cuts, it’s crucial to fully understand the financial implications of down…

Running a business that’s “doing fine” is a comfortable place to be — but comfort rarely drives growth. If you want to take your business from good to great, one of the most powerful tools at your disposal is the effective use of Key Performance Indicators (KPIs).
At J McEvoy…

Rewarding staff is one of the most effective ways to boost morale, drive performance, and retain key talent — but for many small business owners, the idea of bonuses can feel financially daunting. The good news? A well-structured bonus scheme doesn’t have to break the bank. At J McEvoy w…

As a business owner, you spend countless hours building a successful company, ensuring your clients are happy, and keeping the day-to-day operations running smoothly. But how much time have you invested in planning for your own financial future?
At J McEvoy we know that while it’s easy to focus on t…

In business, reputation is more than a vague concept—it’s a financial asset with measurable impact. At J McEvoy, we believe that a strong brand reputation builds trust, attracts customers, secures partnerships, and ultimately drives profitability. Conversely, damage to your reputation can lead…

Subscription models have transformed the way businesses generate revenue. From software and digital services to physical products and even professional services, at J McEvoy we’ve seen more companies are adopting recurring billing to drive predictable income and build stronger customer relatio…

Pricing isn’t just about numbers—it’s about perception. How your customers feel about your prices can have as much impact on your bottom line as the prices themselves. At J McEvoy we believe that that’s where the psychology of pricing comes in: the study of how consumers perc…

For small and medium-sized enterprises (SMEs), scaling up can be an exciting yet financially daunting prospect. Growth often requires significant investment—whether in staffing, infrastructure, or technology. But there’s a smarter, often underutilised path to expansion that we recommend…

Late payments are a common challenge for businesses, especially small and medium-sized enterprises (SMEs). When clients delay payments, it disrupts cash flow, making it difficult to cover operational costs, pay employees, and invest in growth. To maintain financial stability, businesses must adopt e…

Many business owners assume that profitability means financial stability. However, profit and cash flow are two distinct financial concepts, and misunderstanding the difference can lead to serious business challenges. A company can be highly profitable on paper yet struggle to meet day-to-day expens…