Accountant vs Part-Time Finance Director: Understanding the Difference and How They Work Together
By Paul Gibbins on Feb 17, 2025 9:30:00 AM
Business owners sometimes misunderstand the different roles of Practising Accountants and ‘part-time’ or ‘outsourced’ Finance Directors (FDs) / Chief Financial Officers (CFOs). Our blog provides a helpful explanation. As an SME business owner, you understand that managing your finances goes beyond s …
The Blueprint For Success: Why Every Business Needs To Write A Plan
By Paul Gibbins on Dec 28, 2024 9:15:00 AM
The Business Plan: A Cornerstone of Success In the dynamic and challenging environment SME businesses face, having a well-thought-out business plan isn’t just a formality — it’s the cornerstone of success. Writing business plans drive business accountability, aligns stakeholders, and provides a clea …
How Can a Fractional CFO Transform Your Bottom Line?
By Paul Gibbins on Nov 23, 2024 10:15:00 AM
How Can a Fractional CFO Transform Your Bottom Line? One of the key factors in achieving business success is having a solid grasp of your finances. A deep understanding of costs and insight into where profit is made and lost is essential to support effective strategic decision-making. However, finan …
How to Combat the Feeling of Loneliness as a Managing Director.
By Paul Gibbins on Oct 9, 2024 1:00:00 AM
It's Lonely at the Top Being the owner or Managing Director (MD) of a small to medium-sized enterprise (SME) can feel like you're running a one-person race. While you may have a team working alongside you, the burden of responsibility is uniquely heavy on your shoulders. Decision-making, solving com …
How to Use Management Accounts Effectively
By Paul Gibbins on Sep 2, 2024 9:15:00 AM
Why Every Business Should Have Management Accounts Management accounts are a vital tool for businesses to make informed decisions and plan strategically. Unlike financial accounting, management accounting focuses on providing internal financial information to key decision makers such as CEOs / Manag …
What Is Gross Profit & Why Is It Important In Business?
By Paul Gibbins on Oct 21, 2023 8:45:00 AM
What Is Gross Profit And Why Is It So Important In Business? Understanding the concept of gross profit is paramount to business success. It serves as a cornerstone for evaluating a company's financial health, making strategic decisions, and ensuring long-term sustainability. Yet despite this, many S …
Unlocking Success: How a Non-Executive Director Can Elevate Your Business
By Paul Gibbins on Sep 12, 2023 9:15:00 AM
Expert Business Practitioner With all the pressures that come with running a business, having a seasoned guide assisting you at the helm can make all the difference. That's where a Non-Executive Director (NED) comes into play. These expert business practitioners are like the North Star for a company …
The Benefits of Management Accounting: Why Every SME Business Should Use Management Accounts
By Paul Gibbins on Jul 3, 2023 10:00:00 AM
Better Financial Visibility Leads To Better Business Decisions Many SME businesses reach a point where basic bookkeeping and annual accounts are no longer enough to support effective decision-making.
The Benefits of an Interim CFO: Exploring the Role, Services, and Advantages
By Paul Gibbins on Jun 12, 2023 7:30:00 AM
The Benefits of an Interim CFO In today's dynamic business landscape, companies often encounter the need for specific financial expertise and leadership at various stages of their growth. This is where an Interim Chief Financial Officer (CFO) steps in. An Interim CFO brings temporary but impactful f …
Does Employee Engagement Lead to Business Success?
By Paul Gibbins on May 16, 2023 8:45:00 AM
Employee Engagement Improves Business Success How can I make my company more successful? It’s a question that every business owner should ask themselves. There are numerous factors that determine the success of a business but one that should not be ignored is employee engagement. Studies on workplac …