Business Exit/Succession Planning is one of those things that business owners struggle to get around to. They are so busy dealing with day to day issues, they rarely get time to focus clearly on where they want to end up…
Because CFO advisory providers have previously worked in larger businesses, they have good experience at managing risk assessment. They know what to consider and how to put risk mitigation processes in place. They will work with staff to implement processes,…
Accounting functions in business often tend to evolve over a period of time. Often people who started doing the books in a small business, struggle when the business starts to grow. More formal expertise is required to keep up with…
It’s not always easy to sit down and think strategically about business growth on your own, as a business owner. You’re so absorbed in the day to day running of things… it can be hard to have the ‘brain space’…
Business Growth can be a tricky time for business owners. The resources required to achieve sustainable growth needs careful consideration. It’s tempting to think that growth in sales will fix everything else, however CFOs have experienced situations where this definitely…
A budget is one of the most important tools in managing the profitability of a business. There’s a saying “If you aim at nothing… you will reach the target with amazing accuracy” A budget gives you something to aim for. …
One of the critical factors affecting profitability in business, is the ‘true cost’ of products and services sold. It’s vital to know what things cost… so that you can price them right to ensure a profit.
Business owners are mainly focused on selling stuff and beating competitors. This can be a winning strategy… however it’s often the case that the sales being made aren’t actually profitable! Pricing is based on beating competitors, when you don’t know…