When quality, service & price aren’t enough to win business

LinkedinGoogle+FacebookTwitterThe majority of large companies issue less than a third of contracts to small firms according to a recent Telegraph article.  While small businesses were given credit for efficiency, flexibility and being in touch with customer needs, the article suggests that this may be not enough to win business from big companies.  Large companies have concerns about […]

10 questions for proactive directors to ask about their finance function

LinkedinGoogle+FacebookTwitter A recent Telegraph article quoted some staggering statistics (from a survey by software company Exact) about missed invoicing and financial mismanagement  in SMEs.  A quarter of respondents saying they didn’t feel in control of their business accounts and finances with 12% having had to delay salary payments as a result of financial mismanagement. I guess that […]

Why an “us” culture adds to the bottom line

LinkedinGoogle+FacebookTwitterAs my work often involves helping improve business processes I am all too aware that having staff “buy in” is an important factor in achieving change.  Conversely, the way that change is managed can impact (for good or bad) on staff morale. In my view a key factor in motivation and positive change is the […]

Choosing an accountant? Would you put Wayne Rooney in goal for England?

LinkedinGoogle+FacebookTwitterAs most people first hire an accountant in order to prepare accounts and deal with tax, I guess it is small wonder that I sometimes get the comment “you’re an accountant you must know about tax”.   However  –  I’m an accountant who doesn’t prepare accounts (at least routinely) or who gives tax advice. I recently came across an […]

The economy, profits – you need to get past the headline!

LinkedinGoogle+FacebookTwitterThere 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 […]

Is it time to take the “Corporate” out of “Governance”?

LinkedinGoogle+FacebookTwitter 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. […]

Tone from the top – ethics, integrity and…profits & cash

LinkedinGoogle+FacebookTwitterThe 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 […]

Bonuses the good the bad and the downright ugly

LinkedinGoogle+FacebookTwitterIt is people’s abilities and behaviours that drive business success.  While training, leadership and motivation are critical to success, bonuses can also help improve performance. However, the impact of bonuses can be good, bad or downright ugly: One client who operated a number of depots was having problems in promptly collecting money from customers. The credit […]

Put your head in the Cloud – but keep your feet on the ground!

LinkedinGoogle+FacebookTwitterA 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 […]

Double dip or not – 5 tips for steering through uncertain conditions

LinkedinGoogle+FacebookTwitterWhen 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 […]