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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Discounts can be a powerful tool for businesses, but there are also some perils for the unwary. Here are 5 of them: Discounting … Can erode brand value: If you offer discounts too often, customers may start to see your brand as being less valuable. This can make it more difficult to charge full price […]
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Pricing and charging are two terms that are often used interchangeably, but there is a subtle difference between the two. Pricing is the process of determining the value of a product or service, while charging is the act of collecting payment for that product or service. Pricing is a strategic decision that should be made […]
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It seems that a lot of business owners try and do everything themselves – even the stuff that they are not really that good at. Doing this simple exercise may be the single best way to get you to take some tough decisions which will really benefit your business – and end up outsourcing some […]
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Selling your business is a complex and emotional process. But it can also be a rewarding one. By following these 9 Dos and 5 Don’ts, you will increase your chances of selling your business for top money … and on your terms. Dos Start early – selling your business takes time and you need to […]
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The Chief Financial Officer (CFO) is often seen by the uninitiated as the company’s number-cruncher. True, they are responsible for overseeing the company’s finances, including accounting, budgeting, forecasting, and reporting. However, the CFO is much more than just a numbers person. They are also a strategic thinker, a problem-solver, and a leader and a general […]
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Hiring a part-time Finance Director (FD) can be a great way to save money on your business finances. However, there are a number of things you can do instead of hiring a part-time FD that will save you even more money and give you more control over your finances. Here are 5 things you can […]
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A part-time finance director (FD) can be a great asset to your business. They can provide you with the financial expertise and support you need to grow your business and help you to achieve your financial goals. However, to get the most out of your part-time FD, you need to be clear about your expectations […]
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