What prices should I charge for my goods or services?
This is a simple question, and one that the majority of business owners will ask, and the answer will change over time. Pricing is the money charged to a customer in exchange of goods or services. The price you charge for your goods or services is one of the most important decisions you will make […]
How does an accountant help with business decisions?
When starting a business or in fact at any stage of a business, finances have a huge impact on our decisions. Some business owners start with very little or even no money at all and have to think very carefully about what they spend on in the early days of their business. If you don’t […]
Top Tips to Manage and Forecast Your Business Cash Flow
Cash flow is the lifeblood of any business. Without it, even profitable businesses can struggle, while those who master it gain stability, growth, and financial confidence. As an outsourced CFO, I’ve helped countless business owners get a grip on their cash flow; and trust me, it’s not as complicated as it sounds. Here are simple, […]
Do I Need a Finance Director? A Guide to Making Informed Business Decisions
Introduction When it comes to running a business, managing finances can be a complex and time-consuming task. From ensuring compliance with regulations with HMRC and Companies House, to maximising tax benefits, handling finances effectively is crucial for long-term success. One question that often arises is whether hiring an accountant is necessary. In this post, we […]
Strategic Financial Management for your Manufacturing Business
Running a manufacturing business is complex and keeping control of the finances is no exception. Although most manufacturing business owners understand the need for compliance and financial accounting, the benefits of strategic financial management may be less obvious. Manufacturing is a cash-intensive business and cash could be tied up in working capital for weeks or […]
How can I reduce business costs?
As business owners, how much profit we make is key to whether our business is viable or not. There are several ways to determine if your business is successful but ultimately, if you are not making a profit, most of us will struggle to maintain a business at a loss. Knowing how much money is […]
What is a Portfolio Finance Director?
A Portfolio Finance Director (‘FD’) can be an integral part of a business. The Portfolio FD operates the same as a Finance Director but on a part-time basis. They create and control the budget to ensure that all financial targets and regulations are adhered to; whilst offering financial guidance and advice. Their main task is […]
The Importance of Business Integrity
What Is Integrity? When it comes to your business, there is so much to think about when contemplating to outsource. You need to ensure that the person or company that you are outsourcing to has similar values and qualities that you and your business have. If you have different values, it could potentially be detrimental […]
What is the Difference Between an Accountant and a CFO?
I’m frequently asked this question, here’s my take on it. Whilst Chief Financial Officers (CFO’s) and accountants may overlap in some of their skills, especially in smaller businesses, they generally spend their time on different tasks. Both roles are essential to a company’s success, complementing each other with expert eyes on both the past and […]
Did You Know Logistics Can Increase Sales and Reduce Costs
A great logistics operation can provide opportunities for improving sales and financial performance. Resulting in a POSITIVE impact on profit. Logistics is no longer just an operational necessity Logistics can increase sales. Logisctics can improves sales by having a positive impact in many customer touch-points, notably in the following four areas; 1) Customer relationships with […]