Blog

Financial Forecast

How a financial forecast can be a driving force for your agency

People often confuse forecasting as a plan of the business's financial goals, but a budget is the financial goals and a forecast should be used…

Rachel Moran

Working with MAP

4 common mistakes your accountant could still be making

MAP was born out of a deep frustration. Since opening our doors in 2013 and working with over 130 digital creative agencies in that time,…

Finlay Keigher

Working with MAP

Can I have more than one accountant?

No matter where you’re up to in your agency journey, it’s paramount to continually assess that you are surrounding yourself with the right experts who…

David Arden

Working with MAP

Hiring an accountant in a different city: distance doesn’t matter to MAP

Outsourcing any part of your business can be scary. Bringing in freelancers to work on important projects for important clients can initially feel like you…

Will Jarvis

Working with MAP

Hiring a niche accountant: Why your digital creative agency should move to MAP

I know you and your agency might already work with an accountancy firm, and you could be thinking that moving to MAP might be a…

David Arden

Becoming Profitable

How to calculate ‘true’ agency profitability: Part 4 – How profitable are your projects?

We’ve now looked at calculating the cost per hour of your team, analysing client profitability, and establishing whether your team are spending time in the…

Paul Barnes

Cash Flow

Drive Tax Planning Opportunities From Mastering Your Cash Flow

Cash flow is the lifeblood of any business. You can’t survive without it, but with it, you can make considered commercial decisions from a place…

Abusina Qureshi

Becoming Profitable

How to calculate ‘true’ agency profitability: Part 3: How utilised are your people?

In part 1 we talked through calculating the cost per hour of each of your delivery team, and in part 2 we looked at how…

Paul Barnes

Becoming Profitable

How to calculate ‘true’ agency profitability: Part 2: How Profitable are your Clients?

In part 1 we talked through calculating the cost per hour of each of your delivery team. This gives you a base cost to work…

Paul Barnes

Cash Flow

3 Steps To Gaining 12 Weeks of Certainty On Your Financial Position

In a project-based agency, 12 weeks of certainty is about the best you can hope for. Three months is about the limit of true visibility…

David Arden

Becoming Profitable

How to calculate ‘true’ agency profitability – Part 1: Calculating Cost Per Hour

So you’re building an agency. You’re dealing with the day-to-day grind of sales, clients, projects, people and finance. Maybe you’re making some money while you’re…

Paul Barnes

Cash

The Real Reason Your Client ISN’T Paying Your Invoice

If you were to Google “why customers don’t pay?” you would be flooded with information on how to chase the debt and what methods would…

Olivia Cartwright

Agency Growth

How to Grow Your Project Based Agency Sustainably in Three Steps

At MAP we’re big advocates of making the most of what you have before you consider growing any further. Over the years you’ll have built…

David Arden

Cash

Achieve Consistency in Your Cashflow with Chaser

Almost half of invoices are paid late. And one of the biggest issues we see agency owners facing day in and day out is getting…

Olivia Cartwright

Increasing Company Value

3 Steps To Better Financial Performance For Your Agency

Most agency owners have never been business owners before. They were a great designer/developer/marketer and they saw the opportunity of leveraging their skills by setting…

Paul Barnes

Cost Review

Why Reviewing Your Costs Are Just As Important As Driving Sales in Your Business

Plainly, there are two ways a company can increase its profits - increase the revenue OR reduce the costs. Most companies will prefer to drive…

Sam Jedrzejewski

Financial Resources

Financial Resources To Educate And Equip Your Senior Team

One of the characteristics of an entrepreneur is that they have a high level of determination to succeed. When your back is against the wall,…

Paul Barnes

Blog

Panoramic Accounting

Outgrowing your finance function is a normal part of the growth of a business. When you start out, you make do with an accountancy firm…

Paul Barnes

Funding

You Don’t Need Funding to Grow Your Agency

Here at MAP, we work with agencies of all different shapes and sizes. That can be anything from a close-knit team of 5 generating revenue…

David Arden

Blog

Productise Your Way To Profit

There seems to be a perception from speaking to business owners that to productise means to remove the innovation and value that you deliver to…

Paul Barnes