UK SMEs: Are You Making These Costly Financial Mistakes?

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Businesses make errors every day without any idea how damaging their financial mistakes can be. Running a business is no easy feat. You wear many hats, juggling everything from product … Read More

Spotlight on a CFO – Raakhi Patel, Specialist Fractional CFO

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We are thrilled to shine the spotlight on one of our esteemed team members Raakhi Patel, your specialist fractional CFO for charities and not-for-profit organisations. Raakhi brings a wealth of … Read More

What is a Fractional CFO? WrightCFO Answers Your Questions

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At WrightCFO, we understand that many UK businesses have questions like “What is a fractional CFO?” and “How much do they cost?” Fractional CFOs are an innovative solution that can provide … Read More

The Future of SaaS: Stay Ahead of the Curve

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At WrightCFO, we understand the challenges and opportunities that lie ahead. In this article, we’ll delve into the latest trends shaping the future of SaaS and explore how you can … Read More

KPIs for Scaling: Key Metrics to Drive Your Business Growth

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In this article, we delve into the world of Key Performance Indicators (KPIs) – the essential key metrics to drive your business growth. Key Metrics to Drive Your Business Growth … Read More

Scaling Success: How a Fractional CFO Can Fuel Your Business Growth

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In this article, we delve into how a fractional CFO can fuel your business growth. Feeling the Squeeze as You Scale? Entrepreneurs are all about ambition. You’ve built a fantastic … Read More

Preparing Your Business for Retirement: Exploring Your Options

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In this article, we explore preparing your business for retirement. We delve into the various options available to business owners looking to retire and how a Fractional CFO from WrightCFO can … Read More

Optimising Cash Flow: Essential Strategies for Business Owners

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Optimising cash flow is vital for businesses, ensuring smooth operations and facilitating growth. Employing effective strategies can significantly enhance cash inflow and improve financial health. Here are 12 key techniques … Read More

International Women’s Day 2024 – Nurturing an Inclusive Future

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Today marks International Women’s Day, and this year’s theme, “Inspire Inclusion,” aims to underscore the significance of diversity and empowerment across all facets of society. The message extends beyond the … Read More

Fortifying Your Finances: 10 Processes to Slash Business Fraud Risks

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At WrightCFO, we understand the critical importance of robust financial controls. In this article, we unveil 10 actionable processes you can implement today to significantly reduce the risk of business … Read More

The Art of Negotiation: Financial Strategies in Business Deals

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Developing financial strategies in business deals is challenging. Negotiation is an indispensable skill in the world of business, and for small and medium-sized enterprises (SMEs), mastering the art of negotiation … Read More

Navigating Venture Capital: A Path to Business Growth

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This article discusses navigating venture capital and how you can use it as a strategic avenue for raising finance. Our Fractional CFO consultants can be your guiding force in this … Read More

Cost and Market Analysis: The Importance of Financial Scrutiny

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In this article, we discuss cost and market analysis and the importance of financial scrutiny. Last month, a story featured in the Guardian revealed that thousands of SMEs are taking … Read More

Decoding the F-Word: Fractional CFO

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In the fast-paced world of business, success often hinges on making strategic decisions at the right time. One crucial decision that can significantly impact your company’s trajectory is when to … Read More

Empowering Dreams: WrightCFO Transforms Startup Finances with a Personal Touch

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In the world of startups and SMEs, financial stability is the key to success. WrightCFO, a revolutionary Fractional CFO firm, specialises in navigating the financial complexities of the Creative, Media, … Read More

Elevate Your Business with AI: The Strategic Advantage of a Fractional CFO

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In this article, we explore the strategic advantage of a fractional CFO. In the ever-evolving landscape of business, staying ahead means embracing innovation, and in 2024, Artificial Intelligence (AI) has … Read More

How UK Businesses are Thriving and Staying Resilient with the Power of Fractional CFOs

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The Power of Fractional CFOs As we step into 2024, the business landscape is presenting challenges that demand our attention and strategic acumen; that’s where our Fractional CFOs can help. … Read More

Tis the Season for Business Success and Festive Cheer

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As the holiday season approaches, we hope this post finds you in high spirits and thriving amidst the festivities; after all, it is the season for business success and festive … Read More

Managing Finances Across Diverse Currencies

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Today, we delve into the challenges of managing finances across diverse currencies, regulatory landscapes, and economic environments and present you with innovative solutions to overcome these hurdles. As the world … Read More

Navigating Mergers and Acquisitions: Insights for SME Owners

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In the dynamic business landscape, navigating Mergers and Acquisitions (M&A) is a strategic move that can redefine your company’s trajectory. As your trusted financial partner, we at WrightCFO believe it’s … Read More

Fractional CFO: First 15 Days in Post

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In today’s fast-paced business landscape, time is of the essence, especially for small and medium-sized enterprises (SMEs) and startups. At WrightCFO, we understand the urgency of making an impact from … Read More

Harnessing the Potential of Grants for Your Small and Medium-sized Enterprise (SME)

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In this article, we delve into an exciting topic that can significantly impact your business: Government Grants for your small and medium-sized enterprise. What’s on Offer in Government Grants Today? … Read More

Transforming the UK High Street with Pop-Up Shops: Unlocking New Opportunities for SMEs

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Today, we want to shed light on a compelling article we found in The Guardian that explores the revitalisation of the UK high street through the innovative concept of pop-up … Read More

Is Your StartUp Ready for a Fractional CFO?

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Is your StartUp ready for a Fractional CFO? In the fast-paced world of entrepreneurship, managing your finances can often feel like navigating a complex labyrinth. While you’re busy chasing your … Read More

Budgeting for 2024: Unlocking Growth Opportunities for SMEs

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As we approach the final quarter of the financial year, it’s crucial for small and medium-sized enterprises (SMEs) to not only reflect on their year-end results but also lay the … Read More

Unraveling the Metro Bank Saga: Impact on SMEs and What Lies Ahead

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Unraveling the Metro Bank Saga This week, we dive into the latest developments at Metro Bank and what they mean for your business. What Happened at Metro Bank This Week? … Read More

Celebrating 9 Years of Financial Excellence at WrightCFO Ltd

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We are thrilled to announce that this month marks the 9th anniversary of WrightCFO Ltd! Nine incredible years of unwavering dedication to financial excellence, innovation, and client success. As we … Read More

Navigating Currency Challenges: Mitigating Risks for British Businesses

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Navigating Currency Challenges Today, we bring you insights into the recent developments surrounding the Pound Sterling and its implications for British businesses, along with valuable advice on how to mitigate … Read More

Embracing Deaf Awareness Month: Fostering Inclusivity in Your Business

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Fostering Inclusivity in Your Business September marks Deaf Awareness Month, a time to celebrate the Deaf and hard-of-hearing community, raise awareness, and promote inclusivity. In today’s interconnected world, businesses have … Read More

Unlock Your Business’s Hidden Potential: How a CFO Can Release Cash

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In the ever-evolving landscape of business management, the role of a Chief Financial Officer (CFO) is undergoing a profound transformation. Beyond just managing the financial aspects of your company, a … Read More

Charting a Sustainable Tomorrow: ESG Reporting Unveiled

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In a world that is becoming increasingly conscious of its environmental and social impact, the significance of Environmental, Social, and Governance (ESG) reporting for businesses cannot be overstated. ESG reporting … Read More

Mitigating the Risk of Insolvency: Essential Guidance for CEOs

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In this article, we explore mitigating the risk of insolvency. According to Gov.UK, “The number of registered company insolvencies in England and Wales in June 2023 was 2,163, 27% higher … Read More

Unlocking Cash Flow Potential: How a Fractional CFO Transforms Your Business’s Financial Landscape

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Unlocking Cash Flow Potential. In the dynamic landscape of business, maintaining a healthy cash position is of great importance. It’s the cornerstone of financial stability, growth, and seizing opportunities. Enter … Read More

Navigating the Amazon Rule Changes: A Lifeline for UK Small Online Retailers

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In the fast-evolving world of e-commerce, the recent Amazon rule changes have cast a shadow of uncertainty over UK small online retailers who have long relied on the platform for … Read More

Transforming Charitable Success: Harnessing Fractional CFOs for Nonprofit Organisations

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In the dynamic landscape of nonprofit organisations, financial stewardship stands as a cornerstone of sustainable growth and impactful mission fulfilment. As we delve into this edition of WrightCFO News, we’re shining a … Read More

Driving Change with Purpose: Joining the B Corp Movement for Social Good!

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Today, I want to shed light on a significant movement in the business world – becoming a Certified B Corporation, or B Corp for short. This certification represents a commitment … Read More

Supercharge Your Investment Journey: How a Fractional CFO Revolutionises Fundraising for Businesses

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Fundraising for Businesses In this article, we’ll be exploring how a Fractional Chief Financial Officer (CFO) can play a pivotal role in bolstering your chances of successfully raising external investment. … Read More

Unlock Your Mind and Unwind: Your Ultimate Summer Holiday Business Read List

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Summer is finally here, and as business owners, we understand that the holiday season can be the perfect opportunity to take a well-deserved break. While you may be planning to … Read More

Maximizing Efficiency and Accuracy in Finance: Embracing the Best New Technologies

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In today’s rapidly evolving business landscape, it’s crucial for finance departments to stay ahead of the curve and leverage cutting-edge technologies to streamline operations, enhance productivity, and improve accuracy in … Read More

Breaking Down Barriers: Navigating the New Frontier of Financing for British SMEs Amidst Rising Interest Rates

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In this article, we explore the current landscape of raising finance for SMEs in light of the rising interest rates in the UK. We’ll also share some valuable tips on … Read More

Unleashing Financial Growth: How a Part-Time CFO Revolutionises Cost Cutting Strategies

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When business owners find themselves in the middle of a cost-cutting exercise, the idea of hiring a Chief Financial Officer (CFO) on a part-time basis may seem counterintuitive. However, hiring … Read More

Is Your Startup Ready for a Fractional CFO?

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This month, we are looking at how Startups know whether they are ready for a Fractional CFO. Starting a business is an exciting endeavor, but navigating the financial aspects can … Read More

How to Read Financial Statements: A Beginner’s Guide

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In this article, we will provide a beginner’s guide on how to read financial statements, breaking down the components of each statement, and explaining how to interpret the information presented. … Read More

How to Develop a Stable Revenue Stream

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While there are many ways to make your business more attractive to consumers, money talks, and everyone is trying to find ways to save money and increase their income. Developing … Read More

Support Mechanisms for Businesses on Their Net-Zero Journey

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We are all aware of the dire need to address climate change. The media repeatedly states that SMEs are critical to achieving the country’s net-zero target. Yet businesses on their … Read More

Circular Economy

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The term circular economy is not new, and there is some debate as to who came up with the original concept. As with many ideas of its kind, the concept likely evolved … Read More

Problem Solving – Global Shipping Crisis

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The global shipping crisis presents an unpredictable variable overhead for many businesses. With shipping costs increasing daily and the availability of stock remaining uncertain, fixing delivery costs and timeframes are … Read More

Managing Uncertainty – How to Promote Financial Stability

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The business world has begun to return to normal operations. However, the full impact of the past 18 months is still to be seen. At present, the financial sector is … Read More

Accessibility – Is Your Business Genuinely Accessible?

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There are so many considerations for businesses in the 21st century. We strive to make ourselves more agile, lean, sustainable, and accessible, and not least of all profitable! However, many … Read More

Maturity Mapping

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A useful process for assessing the state and efficacy of an aspect of your business is to create a maturity map. This helps you to understand how you are addressing … Read More

Mental Health at Work – Here’s How You Can Help

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In this article, we explore how to promote good mental health at work. Mental health is a complex issue brought to the forefront in recent months. Yet, it is a … Read More

Business Finance Options

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Many SMEs have needed to utilise finance options over the last year and a half to survive the challenges that the pandemic has presented. Nevertheless, finance can be a solution to support … Read More

The Value of a CFO – It’s All About What You Know

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Some roles within the C-suite need to evolve faster than others, such as the role of the CFO. There have been countless examples of this in recent years. Your CFO … Read More

Business Management Predictions for 2021

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In this article, we are looking at business management predictions for the coming year. There are a few keywords and phrases that have come to the forefront in the past … Read More

Can You Talk the Talk?

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Technology has revolutionised the way we communicate. From emails to messenger apps, and the whole plethora of project management tools available to facilitate communication and networking. However, is it always … Read More

Communication Works For Those Who Work At It

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We all seem to be living from day to day, both in our personal and business lives. Each day brings a new challenge and our ability to adapt so far … Read More

Professional Financial Support for Your Business

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Professional financial support for your business can mean the difference between success and failure. It is however an area of business management that many organisations attempt to navigate alone. While … Read More

IR35: Off-Payroll Working Rules Explained

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Introduction – Are You Sitting Comfortably? Referring to IR35 makes most people wince. It is the name of the off-payroll working rules for clients, workers (contractors) and their intermediaries or … Read More

Banking Trends and Innovations

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IT has totally revolutionised banking almost entirely to the benefit of the consumer. In this article we explore current banking trends and innovations that you need to be aware of. … Read More

The Greta Effect? (Environmental Business Ethics)

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In this article we explore some of the innovations leading the way in environmental business ethics. Environmental management is not a new concept, in fact the first standard was published … Read More

Structuring Share Options for Employees

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Employee loyalty can be hard to foster. In today’s business world employers may consider a variety of methods to encourage their staff to demonstrate dedication and reliability. This may include … Read More

Anniversary Special – What Makes A Successful CFO?

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Every October WrightCFO celebrates its anniversary. To mark the occasion this year we have undertaken an interview with company founder and owner Sophie Wright to explore what makes a successful CFO. … Read More

Pitching to An Investor

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Proverbs say that first impressions are the most lasting and, while contrasting quotes tell us that first impressions can be unreliable, one encounter may be all you get when it … Read More

Free Resources (Adult Education and CPD)

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This month we have been looking at options for adult education and continuous professional development (CPD). If you missed the first blog or our Newsletter you can view them now … Read More

Back to School Already? (Adult Education)

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For many of us September is dominated by the children going back to school. It impacts on us all in some way, from changing schools, to organising uniforms, to remembering … Read More

The Future of Finance

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During recent years several significant industry giants have commented on the future of finance, including KPMG. In 2010 their Future of Finance report made predictions for 2020 commenting on the … Read More

London Fintech Week 2019 In Retrospect

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Last month over 2000 attendees came together to listen to leading speakers from around the globe at London Fintech Week 2019. This year’s Key Note Speaker, Lord Anthony St John, … Read More

Spotlight on Independent Retailer Month

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July is independent retailer month, a campaign that runs each year in July to ” highlight the important role smaller, local, independent retailers play in the communities they serve, the … Read More

The Future of Money & Financial Technology – Fintech 2019

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July signals the annual London Fintech Week conference where the future of money and financial technology come under full scrutiny. This landmark event brings major authorities from around the globe … Read More

Why and when should you hire a CFO?

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  The role of a CFO or Finance director is varied and far reaching. Some businesses, especially smaller firms or start ups, might make the mistake of thinking that they … Read More

The traits of a great CFO

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The role of the CFO has significantly evolved in recent years. So, how do we now define the role of a top performing CFO? It is no longer limited to … Read More

Upcoming Events

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Sophie Wright, founder of WrightCFO, is delighted to be attending some exciting events in the coming weeks. WrightCFO is dedicated to being up to date with the latest news and … Read More

Meet Sophie Wright, Founder WrightCFO

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Sophie Wright is a qualified CIMA management accountant with nearly 20 years of experience and she is the Director and Founder of WrightCFO.  This month Sophie answers some key questions … Read More

Step into Spring: 5 tips to rejuvenate your business

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Spring is just around the corner and as we leave the colder months behind us, now is the perfect time to reflect and carry out a business ‘spring clean’. Every … Read More

International Women’s Day – CFO Spotlight

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As well as businesses asking what a CFO or Financial Director can do for them, we are often approached by experienced finance professionals who are looking to take on flexible, … Read More

Small Business Grants & Schemes Available in the UK

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When you’re just starting out with a new business it can be tough to get things off the ground without additional capital. There are many schemes and grants available in … Read More

Brexit – where to find advice for your business

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In June 2016 the EU referendum took place, it resulted in 51.9% of voters being in favour of leaving the EU. The government then initiated the official EU withdrawal process … Read More

7 ways Start-Ups and Scale-Ups can benefit from a Part-Time Finance Director

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Are you the CEO of a Start-Up or Fast Growing Company? If so, this is for YOU. Funds might be limited and cash may  be tight, but spending some of … Read More

Put Your Finance Glasses on and Take Control of your Business

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4 years ago, when I made the switch from being an FD in the larger corporate world, to a Finance Director Consultant to SMEs, I was shocked at the lack … Read More

Back to school: A Guide to Supporting your Finance Team through Accountancy Qualification

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There are numerous professional accountancy bodies- 9 that I can think of. But chances are, if your finance team are working in industry, meaning NOT in an accountancy firm, they … Read More

Business Growth and Getting to the Next Stage

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The secret to having a successful business is understanding where you are in the business growth cycle. Knowing what stage you’re in, enables you to determine how to get to the … Read More

Benefits of Mentoring your Staff

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When looking at how companies become successful, one trait which stands above many others is that successful companies have excellent leaders and with excellent leaders come excellent employees.  This is … Read More

4 revealing signs your business is crying out for a Part-Time Finance Director (plus tips on finding the right one)

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Is this you? You’ve got a bookkeeper or accountant who does your day to day accounts. Your suppliers and employees get paid on time and your sales invoices get paid … Read More

Plan for change now, to protect your Business post Brexit.

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80% of private SME owners in Britain are owned by Baby- Boomers looking to sell in the next 5 years. I heard this frightening tid-bit at a networking event two … Read More

Tips to shatter-proof your business post Brexit

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With Britain’s vote to separate from the European Union, UK companies need to work hard to limit their exposure and mitigate risks. In this article, we will discuss ways small … Read More

Save Time and Make More Money

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According to FastCompany.com 70% of a typical CEO’s workday is sub-optimal. It’s easy to see why. We wade through a torrential storm of emails daily, most of which are not … Read More

Seven Deadly Do’s to Managing a Finance Team

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  It’s the New Year and many of us who manage finance teams are looking at the year ahead, trying to work out how to improve performance, manage staff and … Read More

The Chancellor’s Autumn Statement is two steps forward, one massive leap back with changes to the VAT flat rate.

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The papers have been awash with analysis of the Chancellor’s Autumn Statement, the state of the economy, the impact of Brexit and how the JAMs are going to suffer more … Read More

What you need to know: The TAXING issue of Christmas Party Budgets and Bonuses

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THE OFFICE — Season 2 — Pictured: (l-r) Rainn Wilson as Dwight Shrutte, Jenna Fischer as Pam Beesly, Steve Carell as Michael Scott, B.J. Novak as Ryan Howard, John Krasinsky … Read More

Corporate Fraud – make no mistake, you are a target, don’t become a victim.

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“My business won’t be affected by fraud, It’s too small to be a target.”  “We know our customers and it’s always been ok so far.” “We try to be aware … Read More

Post Brexit currency fluctuation and how to hedge against it – do you have a plan for your business?

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The Brexiteers didn’t have a plan, the former PM David Cameron didn’t have a plan – so it’s hardly any wonder that many SMEs don’t have a plan for a … Read More

WrightCFO- Introducing the new team. We’re here to help.

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This was going to be a blog introducing you to the newly expanded WrightCFO team. And it still is. However, I must first address the more pressing issue that this … Read More

Sadiq Khan’s First 100 Days

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What does the new London Mayor mean for The Capital’s small businesses? “I’m determined to be the most pro-business Mayor of London yet. I’ll make engagement with industry – from … Read More

Under pressure! – the fight for women’s equality continues

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Women’s equality and our place in the workforce has never been a hotter topic, and with good reason. Over in the US, Hillary Clinton’s bid for president (and Donald Trump’s … Read More

Nine Budget Boosters for Small Business & Entrepreneurs

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It’s safe to say this month’s budget was rather overshadowed by Ian Duncan Smith’s spectacular resignation and subsequent government retraction over proposed disability cuts. However, there was some seriously interesting … Read More

Brexit or Remain-ian – what’s best for small business?

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Ok, so I need to be clear about one thing. NO ONE is clear exactly what a Brexit will mean for business and anyone who tells you that they know … Read More

HMRC under fire…and we need to keep the heat on high

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It’s fair to say HMRC have had a pretty bad start to the year. Google-gate coincided with the end of the tax year underlining their eye-wateringly low effective tax rate … Read More

Raising finance for the new year

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Happy New Year. For most of us, January is a prime time for taking stock and making plans. These plans often involve needing hard cash to finance either a start … Read More

Smarter Not Harder – 6 steps to Make Year End Hassle Free

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  I for one can’t believe that we are already nearly at the end of November. The list of things piling up on my ‘to do’ list is growing at … Read More

The Tipping Point

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The sharing of tips and service charge has long been a controversial issue for both the workers that receive the money and the tax man but the issue has hit … Read More

Sh*t happens. 5 key business risks.

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We live in an unpredictable and volatile world. The only thing you can be certain about, is that life is uncertain.  Be prepared.  “Aon (provider of risk management) says that … Read More

Pressure’s on. How to handle the rise in staff costs.

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Average pay rises are to jump to 3.5% according to the DailyMail today. Compulsory pension contributions are breathing down our necks.  And the government has announced a rise in minimum wage from … Read More

How to boost the sales value of your company

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If you are thinking of selling your business one day, even if it is in 5 years’ time, you need to begin boosting the sale value today.  If and when … Read More

Sole Trader versus Limited Company – explained.

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You’ve made the brave decision to go ahead with your business idea and work for yourself. This is great news. It also means your to-do list is endless.  One item … Read More

Increase profits starting today. 7 easy tips.

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There are some simple things you can do today, to start increasing your profits without winning new clients. Making some minor changes to the way you do business will be … Read More

Client Profitability- All Clients are not Created Equal

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Businesses are in the habit of measuring many things: customer satisfaction, financial performance, staff performance, market share and share value to name a few.  And then there are hundreds of … Read More

How to write a business plan in 4 hours

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If you run your own business, no doubt you have had ‘writing a business plan’, on your to do list for some time. But who has time for that, when you … Read More

Forming a state-of-the-art Finance Team: it’s all about personality.

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When hiring finance staff personality is more important than experience and education.  The first you are born with, the other two you can work on. Mark Dumon describes the 7 types … Read More

Cashflow Management

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There are countless reasons why businesses fail, such as choosing the wrong business partner, not listening to your customers or avoiding having a business website. But if you choose only one thing … Read More