One of the key principles in achieving greater efficiency is identifying recurring problems and addressing the cause rather than applying the same hack every time. Areas to improve efficiency could include cashflow, processes, accounting and tax.

The greatest potential for efficiency when it comes to managing your finances is to be found in cloud accounting. With the right setup and embedding it in your company culture, it saves time spent processing paperwork.

Read our article to see how to reduce potential inefficiencies that may currently be in your business.