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 to give you an insight into how WrightCFO came to be and offers her advice to budding entrepreneurs. Tell us a little bit about your…
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 business can benefit from an operational and financial review and some serious decluttering to reorganise and prepare for strategic, long term growth. We’ve put together…
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, interim roles but wonder what it might be like. To answer those questions, and in honour of International Women’s Day, we spoke to one of…
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 the UK to help with initial cash investment or if you need additional funds to expand. In this blog we will take you through what…
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 on the 29th March 2017 meaning that the UK is due to leave the EU pm the 30th March 2019. However, on January 15th this year a record…
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 your hard earned money on a flexible Finance Director is a good investment. An FD for a Start-Up or Scale-Up can help out on a…
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 of financial information many businesses arm themselves with. I saw business owners who put their houses on the line and business owners who would wake…
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 will be interested in one of these three: AAT (Association of Accounting Technicians) CIMA (Chartered Institute of Management Accountants) ACCA (Association of Certified and…
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 next one. In 1983, academics Neil Churchill and Virginia Lewis devised a classic 5-stage model depicting the stages of business growth. According to Business Coach…
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 why WrightCFO has launched a Finance Mentoring Programme, whereby an experienced WrightCFO Finance Director meets once a month with your finance employee (usually a finance…