FDs contribute so much more than figures

A Finance Director’s role in a business, especially an SME, is so much more than a bean counter or a reviewer of financial figures. An experienced FD ought to be able to add value to the business in multiple ways, beyond the traditional number crunching aspect. I have focused on seven key skills that a good … Continue reading FDs contribute so much more than figures

Do you know where your business is going?

Quoting Laurence J. Peter: “If you don’t know where you are going, you will probably end up somewhere else.” For a business owner, this sounds like a good reminder of the importance of having a strategic business plan. How else will your business end up where you want it to be? Business strategy seems to … Continue reading Do you know where your business is going?

How to make due diligence a walk in the park

Due diligence for an SME could be a “Minefield” or a “Walk in the Park”. Which, is down to the preparation of your management team and the keeping of good and up-to-date records. SMEs, will usually only experience being the subject of such detailed investigation into the affairs of their company when it is either … Continue reading How to make due diligence a walk in the park

How to manage uncertainty within your business

With good financial reporting and processes, it is possible not to just deal with uncertainty, but to thrive in volatile times. Business can be like a game of chess where you plan your strategy and try to foresee what’s up ahead. You can’t control your opponent’s moves but you can have the knowledge to make … Continue reading How to manage uncertainty within your business

How to add value to your business prior to sale

In a previous blog, I covered business valuation methods  to answer the frequent question from business owners, “how much is my business worth?” MDs looking to sell their company often follow that question with another – “How can I add value to my business before I start to attract potential buyers and ‘put it on … Continue reading How to add value to your business prior to sale

Bank said ‘no’ to loan, why not dip into your pension pot?

We’re all familiar with alternative sources of business funding –  crowdfunding, angel investors and so on but have you considered pension-led funding? One of my SME clients has been needing some financing recently in order to allow them to invest and grow the business. Their problem was that their balance sheet was not particularly strong, … Continue reading Bank said ‘no’ to loan, why not dip into your pension pot?

Business For Sale but what offers can you expect?

“If I sold my business next month how much do you think it could be worth?” A question I am often asked by small business owners who will happily discuss this at length. Yet, they generally don’t know how to work out the value of their business to a potential buyer. It is complex to … Continue reading Business For Sale but what offers can you expect?

Auto enrolment is not a destination but a never ending journey

Most owner-managed businesses have managed to survive setting up auto enrolment, but that is not the end of the process. Once you have established your business’s auto enrolment there are ongoing reviews and an increasing cost to build into your business. Nearly all SMEs are now covered by the requirement to provide a company pension … Continue reading Auto enrolment is not a destination but a never ending journey

What a relief! Is your business missing out on R&D?

On more than one occasion I have been told by a business owner – “My accountant says I don’t qualify for Research and Development tax relief”. By digging a bit further it seems that the accountant has either not come across the tax relief before or assumes it is just for large companies or highly … Continue reading What a relief! Is your business missing out on R&D?

How to Transform the Profitability of your Business

Making a profit is a fundamental objective for most businesses. Therefore, it follows that management decisions should be guided by what creates the most profit. So why is it that so many businesses are not ‘Managing for Profit’? Let me explain how using financial information could transform the profitability of your business and help you … Continue reading How to Transform the Profitability of your Business