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
Gross profit is the difference between revenue and direct costs. It is one of the most important measures of business performance because it helps business owners assess profitability, improve pricing decisions, strengthen cash flow and increase business value. Gross Profit Is One Of The Most Import …
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 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 …
The Value of an Interim Finance Director
By Paul Gibbins on May 10, 2023 11:00:00 AM
Bridging the Gap in Financial Leadership Strong financial leadership is essential in every business so when the CFO / FD is missing, the company and its executive team can really suffer. That’s where an Interim CFO / FD comes in, bridging the gap between finance executives. By providing financial ex …
Financial Forecast Modelling for SME Businesses
By Paul Gibbins on Dec 20, 2022 8:30:00 AM
Financial Forecast Modelling for SME businesses Do you wish your business had a financial crystal ball? Sadly they don’t exist but the closest thing in reality is a detailed financial forecast covering your medium to long-term plans. By creating a financial forecast to quantify your business plan yo …
How to Save a Struggling Business
By Paul Gibbins on Dec 5, 2022 8:45:00 AM
Turning Around a Struggling Business Running a business is a mixture of highs and lows. If your business is struggling to survive the pressure and responsibility to turn things around causes worry and stress that can become overwhelming. The most important thing to do in these circumstances is to fa …
How To Achieve A Successful Business Exit
By Paul Gibbins on Aug 18, 2022 9:00:00 AM
How To Achieve A Successful Business Exit At some stage every business owner will need to plan their exit . The route taken will depend on personal priorities and ambitions but having invested an immense amount of money, time, and emotional energy into building the business, it’s vital to choose wis …
3 Reasons Why It Is Essential To Improve Your Business’ Operational Efficiency
By Paul Gibbins on Aug 3, 2022 9:30:00 AM
What Is Operational Efficiency In Business? At the heart of every business is a core operation that delivers the company’s products and services. In most businesses, operations account for a significant proportion of the company’s overall costs including expenses like buildings, materials, machinery …