Always adding financial management value
Good financial management is as must for every business but it's often ignored and overlooked simply because it's misunderstood. In this blog archive Essex FD Garry Mumford simplifies all things financial and shares with us a lifetime of practical financial business advice.
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Denial
Nobody wants to see their business fail. If you're worrying about financial distress listen to that gut instinct and tackle the problem now before it's too late
Back in control
A business plan in today's crazy environment is critical to success. If it feels overwhelming and you don't know where to begin give Insight Associates a call.
Our MD ripped up our business plan. I was shocked...
As support schemes change it's essential to develop a well thought out Coronavirus era business plan with clear paths to fulfil goals for good financial health.
The Cash War Room
When Coronavirus hit, Tate & Lyle created a Cash War Room where the sales, finance and treasury teams met every single day. What cashflow forecasting do you do?
THIS is more important than a cashflow forecast
Having some foresight of your cashflow allows you to take action…So you can fix any issues you can see coming up.
Just 27% of Businesses have this...(Do you?)
A recent survey of over 15,000 companies showed just 27% have a written cashflow forecast. Understanding your cashflow is do or die. Don't wing it financially!
Furlough + Payroll = Trouble
HMRC can claw back payments made to businesses not entitled to receive them. In serious cases they can issue fines and penalties. Who checked your claim?
Do you have the mindset to succeed during COVID
Insights Garry Mumford says 'the time is right to quash the initial Covid panic and take back business control'. Is your mindset open to change and opportunity?
It's payback time
As the government gently pushes companies to leave the nest, are you ready to stand on your own two feet? Insight Associates Financial Management can help.
Can you be objective about this
It can be difficult to admit when things aren’t going to plan...to be honest about what's happening and the future…and evaluate your prospects with a clear head
Why Your Cashflow Forecast is Usually Wrong
It’s just too difficult to make sensible financial decisions without understanding how much money you’re likely to have in the bank next week, month or quarter.
This feels risky
The right strategy for your business depends on your comfortable level of risk. Presented with the right numbers that gut feeling becomes a 'calculated' risk.For information on Insight Associates accounts, FD and financial management services call us on 01279 647447 or Email Us