The Iceberg of Ignorance
27 September 2023
Top managers only know 4% of the problems faced by their company – that’s the tip of the iceberg!
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Always adding financial management value
Good financial management is a must for every business, but it’s often ignored and overlooked simply because it’s misunderstood. In our regular blog, veteran FD Garry Mumford and members of the Insight team simplify all things financial and share 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.
Top managers only know 4% of the problems faced by their company – that’s the tip of the iceberg!
We believe your accounts should be in order every single month which is why we don’t believe in year ends.
Our new client recently asked us some challenging financial questions…which is perfect, as this means they really do understand our business model, and the in-depth expertise available to them.
Constantly fighting financial fires or making decisions in the dark, without reliable financial information, is the equivalent to the “death zone”. It’s an area of acute danger.
If you don’t understand the financial implications of the changes you’re considering, you can end up making disastrous mistakes.
How to use your budget to improve financial performance
You need to take a very active part in the budget and financial forecast process. You can’t leave it all to your accountant.
Budget and forecast…the first problem is business owners often believe they are one and the same.
To truly lead your company confidently and successfully, you need to grasp what lies ahead financially for your business.
If you’d like to chat about how our outsourced financial management services can help boost your business’s growth and development, we’d love to hear from you.
Give us a call 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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