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Small business accountant in Melbourne: how to build relationships cost efficiently

Maintaining positive relationships with clients is important for every small business. They are your assets and key to success. The most common way to do so is to treat or entertain them, which sounds like it will cost you a bomb.

Read on for some practical tips to build rapport with your clients in a cost efficient manner.

Just like any other accounting procedure, set a budget. Think of the amount of funds that you are willing to spend on treating your clients. Your budget will be the guide to where you should have a meet up with them.

If you are looking at doing something interesting with your clients, like watching sport games or playing sports, watch out for deals to save some cost.

The places you choose to go with your client are important to. If your budget for a certain client is less than $50, a café with a decent selection of food and beverages will be more appropriate than a full service Chinese seafood restaurant.

If you always dine at the same place with your clients, try negotiating with the restaurant manager for special discount with regular visits.

A practical accounting tip for you is that do keep all these relevant receipts. At the end of the month or year, you can cross check and keep track of all your “entertainment” expenses as well as write off expenses when it comes time to file taxes.

Entertaining clients is not just a usual business meeting, it is an opportunity to instill trust and build trust. Totally cutting out treating your client is not the way to minimise your expenses, instead, do it smartly.

For more useful tips and advice on how to grow your small business, contact us here at mas accountants, the original accountants for small business, servicing Sydney and Melbourne for over fifty years.

 
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