Introduction Buying a business can be a strategic move to complement and accelerate growth of an existing business you own, a way to diversify your portfolio, or simply to fulfil a lifelong dream of entrepreneurship. However, it is a complex process that requires careful planning and execution. This article will delve into the key steps […]
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Running a business is rarely easy. Change is the new normal and this brings its own challenges. If you are running a business and there is significant change, these are the sort of signs to look out for that could mean that a fractional FD/CFO is for you: Experiencing financial challenges This is a worrying […]
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These are what we see as the 4 key benefits of having a fractional FD/CFO rather than a full-time permanent member of staff: Expertise – you will get someone who is not only a highly qualified finance expert, but someone who has a wealth of experience garnered from working in many businesses probably going through […]
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We have already outlined the role of an FD/CFO in this article, whether that is full time, interim or fractional. A fractional FD/CFO provides the financial oversight but they will be supporting multiple businesses – perhaps a day or two per week in each one. In terms of the role and responsibilities, the two are […]
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Soundbite: A FD/CFO is a highly experienced finance profession who is responsible for the strategic financial management of the business. What does this really mean? We can view this as two main areas: Tactical – Helping you understand where the business is – right now: this is the crucial task of ensuring that the finance […]
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It is all too easy to make assumptions, isn’t it? And, as I found out to my cost, doing this can come back to bite you. More specifically, when asked what Tectona does, my answer is usually something along the lines of: “Tectona provide part time finance directors/CFOs to owner managed businesses who don’t need, […]
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Understanding and benefiting from Research & Development (R&D) tax credits can be crucial for businesses, especially with recent updates and increased scrutiny from the government and its agencies. In January 2024, the National Audit Office (NAO) published a report highlighting widespread errors and fraud, and shortcomings in HMRC’s processes for R&D tax credits, prompting significant […]
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For UK small businesses, navigating the maze of accounting software can feel like wading through a vat of receipts. But fear not, brave entrepreneur! Two titans – Xero and QuickBooks – dominate the scene, and a host of plucky challengers fight for your attention. Choosing the right champion for your financial needs is crucial, so […]
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Plan for the worst? There’s no shortage of advice or opinion on currency markets but, the truth is, most of it is unhelpful, unactionable, and usually wrong. Financial executives needn’t be plugged into second-by-second exchange rate movements, rather they should be on top of their company’s ongoing level of risk. Businesses that don’t have a […]
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In our previous 2 articles we looked at: Pricing vs. Charging: What’s the Difference? The 5 Gotchas of Discounting Discounting certainly has its place. But make sure you are clear just why you are doing it. Here are some examples of how discounts can be used to achieve different business goals: Clear inventory If you have […]
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