How do you plan in an ever changing market? To stay resilient in 2025 you need to look at external factors as well as internal ones.
Tag archives: planning
Planning ahead for 2025? Start by looking back
As 2025 kicks off are you finalising your business strategy without knowing your current financial position?
Storms, tariffs, and stagnation — what’s your plan?
From extreme weather to geopolitical upheavals. Volatility is becoming the norm.
We can’t get the money out of our bank
Over the past week, you might have seen some headlines about the collapse of the Silicon Valley Bank (SVB). If you were tempted to skip over those items because it has very little to do with you, I understand. Still, there are a few lessons that business owners in the UK can learn from this …
How Amazon decides whether its products are viable
Here’s something new I’ve learned… When Amazon decides which products or services to develop, it follows a process it calls “Working Backwards”. The idea is that before they go develop something new, they picture the moment of the launch. Their marketing department drafts a press release announcing their new product. The details include the (as-yet …
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Reason #3 your accountant isn’t proactive
If you were trying to figure out whether you could afford an extension on your house, what kind of information would be more useful to you… A summary of how much money you made and spent around 12 months ago? Or a carefully calculated forecast of how much money you’re going to have over the …
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I’m a grandad!
It gives me huge pleasure to interrupt my regular blogs on financial management for an important announcement… I’ve become a grandad for the first time! Baby Eve Rosemary Mumford arrived a few days ago, and mum, dad and baby are all doing well. Nana Thelma is in her element cooking, helping and knitting blankets and …
7 clues your in-house accounting is broken
Years ago, we were invited to help rescue a distressed business, whose finances were extremely messy. Amongst other problems, we discovered that every time they wanted to raise a sales invoice, they had to go through 21 separate steps. They’d been working this way for years, and it didn’t seem at all strange to them… …
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The devil’s in the details. So are the opportunities
One year, we had a new client who wanted us to work out in a lot more detail which parts of his business were profitable over the past 12 months, and which weren’t. It was a wonderful idea, because you need to understand where the profit lies in your business in order to grow faster. …
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What if…?
If you have an IT guy, he’s probably suggested at some point that you do a vulnerability assessment. This is a test the tech guys run on your computers, to figure out where all the holes are… …For example, where a hacker might be able to access data, whether you have passwords that are guessable, …
