The secrets of your balance sheet
31 January 2024
Experience indicates to me that business owners without strong financial backgrounds focus on profit and loss rather than the balance sheet.
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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.
In this blog archive our Managing Director, Garry Mumford simplifies all things financial and shares with us a lifetime of practical financial business advice.
Experience indicates to me that business owners without strong financial backgrounds focus on profit and loss rather than the balance sheet.
There are several common reports in every set of monthly management accounts to give a view of your past, present and future.
Have you ever found yourself making decisions in the dark?
Too many business owners are reluctant to admit gaps in their financial knowledge. When you’re the person in charge, it can feel uncomfortable.
Here are some of my favourite pieces of 2023 which I believe are worth revisiting.
Change can be daunting. Be brave, look for opportunities and make the necessary pivots.
Now that the economy seems to have calmed somewhat, there may be incredible opportunities – if only you look for them.
Fraud prevention is another reason why your business should operate in a ‘grown up way’
Learning on the job comes with a cost. Building your own finance department and working out best practices as you go along is rarely successful.
We continually learn from each one, building up skills and experience then share that knowledge.
For information on Insight Associates accounts, FD and financial management services call us on 01279 647447 or Email Us
Insight Associates Limited. Registered in England and Wales Number: 5670047. Registered Office as above.
Copyright © 2023 Insight Associates Limited. All rights reserved.
Tel: +44 (0)1279 647447
Insight Associates
Limited
Insight House
Riverside Business Park
Stoney Common Road
Stansted Mountfitchet
Essex, CM24 8PL
United Kingdom
Copyright © 2023 Insight Associates Limited. All rights reserved.
Insight Associates Limited. Registered in England and Wales Number: 5670047. Registered Office as above.
Copyright © 2023 Insight Associates Limited. All rights reserved.
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