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 be challenging, especially for startups with limited resources. As your startup grows, you may find it increasingly difficult to manage complex financial tasks and make…
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. Financial statements are essential tools for understanding a company’s financial health. They provide valuable insights into a company’s performance, profitability, and financial position. However, financial statements…
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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 a stable revenue stream is essential. In this article, we explore how to attain financial resilience. We also look at corporate philanthropy and how it…
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 net-zero journey feel overwhelmed and undersupported by the government in this endeavour. In addition, environmental, social, and governance criteria (ESG), seen as a critical component…
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 concurrently as different factions strove to develop a more sustainable economic model. Definition of Circular Economy In their 1976 report for the European Commission, Walter…
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 problematic. And this is something that looks set to continue over the next 12 months. The impact is proving crippling for many businesses. As a…
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 predicting an increase in inflation over the next few years although we are living in a time of extreme uncertainty. When facing such challenges how…
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 of these factors are linked, and recognising that is crucial. What is Accessibility? Accessibility is essential for everyone, individuals, businesses, and society. Accessibility means that…
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 a problem, and identify how you can make improvements. Maturity mapping can and has been applied to many aspects of a business. Accounting for Sustainability…