Hurtling downhill, brakes failed, trouble ahead……..must think about changing the mechanic

Hurtling downhill, brakes failed, trouble ahead……..must think about changing the mechanic

Car mechanic, accountant – much the same thing. They do an important job, they’re the expert in their field, you don’t really know what they do but you know you can’t do it yourself.

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Running a business is a transferable skill – that people don’t transfer often enough

Running a business creates a skill-set which is transferable, but rarely do we see people transfer these skills in to business no. 2 and business no. 3. What a waste!

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Part Time Finance Director – if this is the solution, what’s the problem?

The interim or part-time Finance Director option works well because it is quick to implement and it recognises that once the problems are solved you can go back to a lower-cost level of resource which will consistently get the right job done in the future.

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Get paid quicker – 5 tips to improve your sales invoices

Slower and more expensive is to send invoices by post. In the 21st century it’s difficult to understand why companies do this.

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Management accounts – are yours fit for purpose?

Your management accounts should be shared across your business as far as necessary to ensure that actions to improve profits and cashflow and reduce costs and risk can be taken as soon as possible.

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Do not put the tax cart before the business horse

It also reminded me that it can be daft to make decisions primarily for tax reasons. Putting the tax cart in front of the business horse is the wrong way to run a business.

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