Projects: 10 tips for getting better outcomes

Have you ever been involved in a project which hasn’t achieved its objectives or where there’s been a big cost overrun?  If you have – what went wrong?  If you had your time again is there anything that you would have done differently? Here are my top tips for getting better project outcomes: Set out…

What’s happening below your business radar?

Below the radar of other businesses Yearly private sector losses through fraud are estimated at £140bn in a recent survey*.  Many fraud prevention measures also reduce losses through innocent error or sloppiness; the total cost of not ‘minding the back office’ must be mind boggling. With the potential to reduce leakage in its various forms,…

Getting spreadsheets to add value as well as numbers

Spreadsheets can be used in almost any part of a business. While accountants feature highly among users, Excel’s ease of use at a basic level means that most people can create a spreadsheet.  Having said that Excel is very powerful and a little knowledge can be a dangerous thing. A contact of mine Steve Randall recently…

Ethics by Design – smaller business reflections

  I recently attended a thought provoking conference, Ethics by Design, on the topic of fostering ethical culture in organisations. Ethics pays The morning session was led by Jonathan Haidt, a Professor at NYU Stern School of Business.  One takeaway for me was something that I had only partly rationalised – that is that ‘Ethics…

Management accounts – do yours ‘speak to you’?

My work includes supporting SMEs through due diligence to eventual sale.   Buyers want to gain an understanding of business drivers and expectations of future performance.  A Sale leads to a heightened focus on the numbers and the quality of the management accounts can create a good or bad impression. While great management accounts can help a business sale, they are good sense for any business.…