Logical BI https://logicalbi.com Logical BI | Virtual CFO | Finance Director | Data Architect Consultant Sat, 20 Feb 2021 13:10:59 +0000 en-GB hourly 1 https://wordpress.org/?v=5.6.2 Integrity https://logicalbi.com/integrity/?utm_source=rss&utm_medium=rss&utm_campaign=integrity https://logicalbi.com/integrity/#respond Mon, 08 Feb 2021 13:10:00 +0000 https://logicalbi.com/?p=257 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 on your business.  […]

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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 on your business.  When I outsource any personal or business-related tasks, I need to ensure that they are outsourced to people that I can rely on and trust. Likewise, when I do work for others, I need to ensure that they have similar values to me and my business.

Integrity is a sought-after quality and is vital in general day to day life as well as in business and is one that I strongly believe in.  A person that has integrity is someone who has the quality of being honest and who has strong moral principles.

When it comes to running our own business, we need to know that we can trust who we are outsourcing to.  My business is important to me and something that I have put a lot of time and effort into, I am sure this is the case for most businesses.  As a Chief Financial Officer, I am delving into the finances of other businesses. Not everyone feels comfortable sharing this type of information as it is very personal. Don’t forget that financial professionals must have the quality of integrity. We have to demonstrate that we are trustworthy, honest and that we take pride in our work. We understand how delicate and sensitive the finances of a business is.

As a business owner, it can be difficult to ask others for support. You have dedicated hours to your business and maybe didn’t expect to ask for help.  You may even start to question things and wonder what has gone wrong or why can’t you understand your business financial reports or why are you losing money? You may feel confused as to why your team output is poor, even though you are all working very hard. Remember that you are not a failure and are far from this. Your focus has been delivering your product, building strong relationships, helping others, seeking new opportunities. I understand that asking for help can be extremely difficult, sometimes we have to accept that we need to ask for support and outsource tasks.

As a CFO, I need to know that I can trust my clients as this is just as important. Trust with a client is gained on the first phone call and without it, I cannot do my job. I listen, I ask, I don’t judge and I don’t confide in others.

Integrity is needed from both parties as it will ensure that we will achieve the best results for you and your business, which after all is what we both want.

When thinking about outsourcing, think carefully about what values you have and question why those values are so important to you and your business

Is integrity important to you and your business?

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What is the DIFFERENCE between an Accountant and a CFO? https://logicalbi.com/what-is-the-difference-between-an-accountant-and-a-cfo/?utm_source=rss&utm_medium=rss&utm_campaign=what-is-the-difference-between-an-accountant-and-a-cfo https://logicalbi.com/what-is-the-difference-between-an-accountant-and-a-cfo/#respond Sat, 03 Oct 2020 12:05:00 +0000 https://logicalbi.com/?p=253 I’m frequently asked this question, here’s my take on it ?? Whilst CFOs 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, complimenting each other with expert eyes on both the past and the future. […]

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I’m frequently asked this question, here’s my take on it ??

Whilst CFOs 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, complimenting each other with expert eyes on both the past and the future.

An accountant manages the company’s transactions, books and records.
A CFO manages the company’s future financial success.

An accountant is largely reactive because they advise the company on what has already happened.
A CFO is largely proactive because they advise the company on what needs to happen.

An accountant takes care of the collection, recording, analysis and presentation of financials to the company.
A CFO takes care of the planning, budgeting, maximising company returns and limiting risk to the company.

An accountant has a compliance approach to their business.
A CFO has a commercial approach to theirs.

An accountant plans and delivers tax savings for the company.
A CFO plans and delivers opportunities to maximise profits and cash for the company.

As a virtual, part-time CFO I do not compete with your accounting staff. I harness their experience to support your company’s growth and performance.

I provide an external perspective and opinion, from an unbiased position backed by my knowledge and industry experience.

With flexible packages to suit your business needs, you can tap into expertise as and when you need it, providing industry experience and knowledge to support your business to grow and prosper.

Are you ready to tap into CFO support? Contact me to find out more about our services and packages to suit your business.

* Accounting services are available as a bolt on to retainer packages.

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Did You Know Logistics Can Increase Sales and Reduce Costs https://logicalbi.com/did-you-know-logistics-can-increase-sales-and-reduce-costs/?utm_source=rss&utm_medium=rss&utm_campaign=did-you-know-logistics-can-increase-sales-and-reduce-costs https://logicalbi.com/did-you-know-logistics-can-increase-sales-and-reduce-costs/#respond Sat, 03 Oct 2020 12:03:00 +0000 https://logicalbi.com/?p=250 A great logistics operation can provide opportunities for improving sales and financial performance. Resulting with a POSITIVE impact on profit. Logistics is no longer just a operational necessity It Improves Sales by having a Positive Impact on…Customer relationshipsService levelsOn time fulfilmentAfter sales service It reduces Costs by Decreasing…Inventory holdingObsolescenceStorageDamagesTransportLabour efficiencyDepot locations Do you have performance […]

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A great logistics operation can provide opportunities for improving sales and financial performance. Resulting with a POSITIVE impact on profit.

Logistics is no longer just a operational necessity

It Improves Sales by having a Positive Impact on…
Customer relationships
Service levels
On time fulfilment
After sales service

It reduces Costs by Decreasing…
Inventory holding
Obsolescence
Storage
Damages
Transport
Labour efficiency
Depot locations

Do you have performance metrics for the above? Are you monitoring your achievements?
Do you need to create or streamline processes? Do you have the time or expertise within your company to develop and put in a plan in place?

BIG opportunities for your business are achievable within your logistics function – don’t miss out!

Get in Touch or pass my details on to someone you know who could benefit. Sharing is caring!

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Small Businesses Need Help and Guidance Too https://logicalbi.com/small-businesses-need-help-and-guidance-too/?utm_source=rss&utm_medium=rss&utm_campaign=small-businesses-need-help-and-guidance-too https://logicalbi.com/small-businesses-need-help-and-guidance-too/#respond Sat, 03 Oct 2020 11:46:00 +0000 https://logicalbi.com/?p=237 I strongly believe that local businesses are at the financial heart of the community. That’s why I have packages that help smaller businesses tap into my expertise without the need to be at the £2m turnover mark. I specialise in distribution along with manufacturing sectors – that means if your business buys (or makes) and […]

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I strongly believe that local businesses are at the financial heart of the community.

That’s why I have packages that help smaller businesses tap into my expertise without the need to be at the £2m turnover mark.

I specialise in distribution along with manufacturing sectors – that means if your business buys (or makes) and sells products – I’m your finance expert.

In today’s climate everyone needs and deserves the support that a CFO can provide, at an affordable rate. Planning and forecast packages for a small business start at £295.

I recently supported a local retail outlet who sold home electrical appliances; after all their outgoings they were left with £2,500 a month for themselves. Following my support, delivering a detailed cashflow and cost review their profits grew by £500 the following month recovering my fees and then £2,000 per month for the remainder of the year, 80% profit growth!!

If you are a business owner with minimum annual turnover of £100k, unsure if your business is operating as financially efficient as possible and you want to ensure you’re maximising your profits and cash now and for future growth, get in touch for further details of my services.

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