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.
Tag archives: financial management
The ‘death zone’ for businesses
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.
‘My financial pants are Teflon-coated’
If you don’t understand the financial implications of the changes you’re considering, you can end up making disastrous mistakes.
My marriage secret – revealed
The secret of our success here at Insight Associates comes down to the partnerships with our clients.
Interest rates are up. Should you deposit your business’s spare cash?
I recently fielded a question from a cash-rich client which nearly knocked me for six. “Garry,” he asked me, “should I consider depositing our spare cash?” No one has asked me about depositing money in the bank for nearly 15 years! Interest rates have been so low, it simply hasn’t been an option. But in […]
Why you can’t expect your accountant to be proactive
Imagine ordering a take-out meal… …And when it arrives, getting upset because the chef didn’t use your preferred recipe, did not call you up to find out how spicy you like your food, and didn’t provide the nutritional information you’d prefer to see for the dish. It wouldn’t make any sense, would it? A take-out […]
How to get ahead of your competition – by stealth
A few miles down the road from you, there’s another company very similar to yours. They’re in the same industry, offering a similar product to a similar customer base. There’s just one substantial difference. While your IT is all cutting-edge and up-to-date, they’re still working with computers from 2008. Now, from their point-of-view these machines […]
VHS accounting vs Netflix accounting – which do you use?
In December 1944, Japanese soldier Hiroo Onoda retreated into a jungle on a small island in the Philippine archipelago, to hold off the American and Philippine troops. When the war ended, he noticed a lull in the fighting but didn’t realise the implications. And although he saw several American leaflets announcing the end of the […]
Lost: $8 Billion
Have you been following this huge financial scandal? A few months ago, 30-year-old Sam Bankman-Fried was on top of the world. He headed a huge crypto exchange called FTX, which allowed customers to trade regular money for cryptocurrencies like Bitcoin. He also owned Alameda Research, which traded cryptocurrencies. At his peak, FTX was valued at […]
Terrible financial advice on social media
I’ve come across a lot of advice on social media recently on how businesses can improve their finances during the economic crisis. One expert recommends that you cut back your overheads and pay down debt. Another has 10 ways to keep your energy bill manageable. A third believes you should create alternate revenue streams… It’s […]
