Writing this in Week 20 of Covid-19 Lockdown (early August 2020) we continue to see budgets being squeezed and headcounts under pressure. And this is only going to get worse as we emerge from Lockdown and the furloughing scheme is phased out. We have consistently been drawing attention to the benefits of outsourcing; after all, […]
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We are often asked this question; usually phrased something like: “I already have a Financial Controller who manages the data entry and provides good management information and I have my accountant when needed – so why do I need a CFO and what can they add?” So, what value does the right CFO bring to […]
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Now, four months into lockdown and sales for a number of businesses are still weak. What’s on the proactive owner/manager’s to do list? There are a number of big decisions to make. Here is a bit of a hit list with the objectives: Promoting your business – getting it rapidly back on the rails Preserving […]
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Many businesses are finding the restrictions imposed to manage COVID-19 an increasing challenge. Whilst your focus is clearly on retaining customers and maintaining trading; you must also prepare to return to your workplace. It may not be uppermost in your mind that your insurers will expect businesses to be, and continue to remain, compliant with […]
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We have consistently stressed the importance of cash management and it is even more crucial now. Tectona are perfectly placed to help you manage your cash ups and downs. Here is our ELEVEN Point cash preservation strategy pulled together from experiences based on working with our client base which will help you make your cash […]
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This Tectona “In 3” reinforces how important cash planning is and why it is so much more critical now with so many unknowns as we emerge from Covid-19 lockdown. Tectona are perfectly placed to help you manage your cash ups and downs. Wild guess? – Businesses are going to be chewing up a lot more […]
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Fact – even if you don’t, others (customers, suppliers, funders, shareholders) will be looking at your business and, especially in this period of uncertainty, gauging how robust it is. If they are advised properly, one of the things they will look at is Breakeven. This Tectona “In 3” peels back the layers of the concept […]
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(And updated Wednesday 15th April 2020) In this article we pull together the key things you should be thinking about as you steer your business through these uncharted waters. Time and again, we have seen that it is rarely sensible to implement rash decisions. You should do what is necessary to mitigate the effects of […]
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Fact – you are going to have to, if you have not already done so, make a very rapid decision as to what and how you will communicate with your staff due to Coronavirus. This Tectona “In 3” looks at what you should consider before talking to your employees. Introduction I have spoken to a […]
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This is the first in our new series of “In 3” – where we take a very quick look at important news of the day which is likely to directly affect large numbers of businesses. What is happening? In the final 3 months of 2019 the UK economy showed zero growth. This against a backdrop […]
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