Early warning signs: Is your business in trouble?

If I asked you about the warning signs of a heart attack, you’d probably be able to tell me the main one: Pressure in your chest. There is also wide awareness of the other signs, which include pain in your arm or shoulder, jaw, neck or back; lightheadedness, nausea or vomiting; and shortness of breath. …

Furlough + Payroll = Trouble

If you have a staff member running payroll in-house, have you talked to them recently? Chances are that you’ll catch an earful about how stressed out, tired and fed up they are… Payroll, which used to be a relatively simple monthly task, has become the bane of their lives. And it’s never-ending, taking up a …

Back in control

Over the past few weeks, I’ve been discussing the need to put together a brand-new business plan for the Coronavirus era… So that after months of uncertainty and crises, you can regain some control over where your business is heading… And instead of feeling like you’re constantly scrambling to react to events, you can start …

Do you have the mindset to succeed during COVID

Hopefully you’ve never been in a true medical emergency… But if you have, you’ll doubtless have been rushed to hospital, triaged – and dealt with swiftly by medics trying to save the situation. It’s all-hands-on-deck and usually loud and messy! At a certain point, though, the patient stabilises… …and then the doctors have time and …

Our MD ripped up our business plan. I was shocked…

On 9/11 – the original one, in 2001 – I was interim Finance Director at a company that sold specialist software into insurance companies. It was the last day of a 3-day retreat for the board… …Which we’d spent doing a strategic review of the business, and developing a new business plan. At some point …

The Cash War Room

When I talk about what we do here at Insight Associates, I often describe it this way… “We give companies turning over £1 – £10 million the financial management that a corporate would take for granted.” Here’s a good example. Over the past few weeks, I’ve been talking in my blogs about how critical it …

Can you be objective about this

You’re driving down the road, when suddenly a car coming from the opposite direction runs a red light. You’d probably blame the other driver for being reckless… And be angry at them for being selfish and putting everyone else in danger, just to shave a couple of seconds off their journey time. Actually, you’d be …

THIS is more important than a cashflow forecast

You’re just settling into your desk for the morning, when there’s a flash of light and a puff of smoke… A man appears by your desk. He comes from the future – from exactly 3 months’ time – and he comes bearing bad news. Several big orders that are currently in the pipeline are going …

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