Learn more about Business Development and take your business to the next level. We have lots of articles to help you out.
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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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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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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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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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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Research & Development (R&D) tax-credit claims are being subjected to increased scrutiny (and in our view, with good reason). As a self-assessed benefit, HMRC have a duty to occasionally conduct compliance checks into R&D claims to ensure they are legitimate. These are known as ‘enquires’. As part of an effort to reduce fraud and error […]
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In late November 2021 I had a most enjoyable day lined up with 3 meetings in the diary. Not the usual Covid fare of Zoom/Teams/Wonder but real, face to face ones. And to complicate things they were in different locations. So the plan was this: Coffee with Mike in Stroud (Sophie dropped me off) Lift […]
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And this means that they are expecting some significant businesses to go bust owing lots of money. Many of us already use credit status reports from the likes of Experian, Creditsafe and Equifax. But these only tell you part of the picture as, in the corporate world, the data is scraped (in the UK at […]
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