financial management for ambitious businesses
There has recently been talk of a triple dip recession. There is a recession when there has been two consecutive quarters of negative growth, a definition based on numbers. In Q4 2012 UK GDP contracted by 0.3% and growth in the previous quarter was 1%. In my work I particularly enjoy helping businesses use numbers [...]
Corporate Governance has been described as “the system by which companies are directed and controlled”. Clearly this applies to all businesses. However Corporate Governance as a subject tends to be the ambit of public companies, charities and other public interest organisations. On line conversations in the Corporate Governance community seem to mostly relate to larger businesses. In [...]
The term “tone from the top” is usually used to describe the way that directors create the atmosphere in which an ethical approach to business is promoted or where dodgy behaviour is allowed to exist. Not actively encouraging ethical behaviour can lead to turning a blind eye. Where there is a highly driven approach to the [...]
It is people’s abilities and behaviours that drive business success (and also failure). Training, leadership and motivation are critical to success. For people to perform well they should understand the purpose of what they are doing and its relevance to the organisation as a whole; it is also important for them to have feedback. Something [...]
A lot of the work I do is around the information that comes out of a computer or the processes before data is entered. What happens in between is to me, quite frankly, a bit of a dark art. I recently attended a seminar Cloud Accounting for the 21st Century Debunking The Myths hosted by [...]
When the credit crunch hit I was struck by how many businesses adopted a slash and burn mentality. Doubtless many businesses had been complacent and there was fat that could be trimmed, but also there was a reluctance to spend money on the things that would take them forward, whether it was marketing, skills, IT [...]
I am not one to jump on bandwagons. Buzz words do nothing for me. However I do also look to improve the way things can be done. I recently attended an excellent event hosted by Knowledge Peers “Sustainability: Win in Business”, the speakers included small business owners who have applied sustainability in their business, consultants [...]
In my last blog I spoke about the increased risk of fraud in the current climate and the challenges of SMEs in preventing fraud. Whilst businesses can thrive on friendliness, informality can also result in loose procedures that leave a business exposed to fraud or error. Here are some tips which should not only help [...]
Lord Sugar’s new year message Success? It’s down to you all the way was published in yesterday’s Daily Telegraph. Whilst he gave some excellent down to earth advice about the banks: “”They are not a charity and they do not have to lend money to any Tom, Dick and Harry” and “Forget them unless you [...]
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