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 development to marketing, all while keeping a watchful eye on the bottom line. But in the whirlwind of daily operations, critical financial aspects can sometimes fall…
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 prepare your business for continued success. The world of SaaS is booming, with continuous innovation and a seemingly endless growth trajectory. But as a business…
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 KPIs: Your Compass on the Road to Scale Scaling a business is like navigating uncharted territory. Without a clear sense of direction, it’s easy to…
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 business, but as you scale, the financial complexities can become overwhelming. Suddenly, the numbers that once felt manageable demand more sophisticated attention. This is where…
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 assist in this crucial phase. Retirement is a significant milestone for any business owner. It marks the culmination of years of hard work, dedication, and…
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 to expedite cash inflows and bolster financial resilience. Accelerating Cash Inflows 1. Prompt Invoicing Issue invoices promptly upon completing services or delivering goods. Clear, concise…
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 flurry of posters and events on the 8th of March, emphasising the need for sustained efforts throughout the year. However, as we reflect on the…
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 fraud. 1. Employee Training and Awareness: Educate your team about the various forms of fraud and their potential impact on the business. A well-informed workforce…
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 can be a game-changer. In the thriving marketplace where every deal counts, savvy negotiation isn’t just about getting the best price—it’s about forging mutually beneficial…
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 legal action against energy suppliers to recoup undisclosed broker fees that have inflated their bills by 10 % – 60 %. Despite the recent coverage,…