For SMEs across the UK, the cost of building and maintaining a strong workforce is skyrocketing. Wage demands are increasing, talent is scarce, and the pressure to offer competitive benefits is relentless. This financial strain is placing immense pressure on business owners, driving the need for innovative, flexible, and cost-effective solutions. Enter fractional talent—especially in…
Welcome to this week’s edition of WrightCFO News. When we talk about a scale-up business, we often focus on the obvious: sales figures, marketing spend, and product development. But there’s a stealthy drain on your resources, a subtle yet significant cost that many scaling businesses overlook – the “Talent Gap Tax.” Imagine this: you’re a…
Welcome to this week’s WrightCFO News, where we address the financial realities faced by advertising and creative agencies. As a firm specialising in supporting the creative industries, we understand the unique pressures you navigate daily. Today, we’re tackling a pervasive issue: scope creep. The Silent Profit Killer Scope creep, that insidious expansion of project requirements…
“Five years? That’s way too long!” We hear this often when discussing exit planning. Many business owners envision a quick sale, a sudden windfall. However, a truly successful and maximised exit rarely happens overnight. At WrightCFO, we advocate for a five-year preparation window, and here’s why it’s not just a suggestion, but a necessity. And,…
International Women’s Day is just around the corner (Saturday, 8th March 2025), and this year’s theme, “For ALL women and girls: Rights. Equality. Empowerment,” resonates deeply with us at WrightCFO. We believe that empowering women in business isn’t just a day’s celebration; it’s a year-round commitment. As fractional CFOs, we see firsthand the incredible potential…
At WrightCFO, we understand the unique challenges and exhilarating opportunities that come with scaling a subscription-based business. In today’s dynamic market, the ability to accurately measure and strategically manage key financial metrics is paramount to achieving sustainable growth. This month, we’re diving deep into the critical triumvirate of Customer Acquisition Cost (CAC), Churn Rate, and…
What if your business suddenly landed a massive contract, exceeding all expectations? A wave of exhilaration washes over you, the champagne cork pops, and you feel like you’re on top of the world. But then… a cold wave of panic sets in. Are you truly ready for this? Could this unexpected windfall actually become your…
Non-profits are driven by a powerful mission: to make a difference. But turning that passion into tangible impact requires more than just good intentions – it requires strategic financial planning. At WrightCFO, we understand the unique challenges non-profits face, and we’re here to help you scale your impact and reach more people. Many non-profits operate…
Welcome to this week’s WrightCFO newsletter, where we delve into a critical skill for any business owner: forecasting for uncertainty. In today’s economic climate, predicting the future with absolute certainty is a fool’s errand. Instead, we need to develop robust forecasting methods that acknowledge the inherent uncertainties and allow us to navigate potential challenges and…
In the cutthroat world of business, pricing your products or services correctly can be the difference between thriving and merely surviving. Get it wrong, and you could be missing out on significant profits. But getting it right? That’s where the magic happens. A well-crafted pricing strategy can unlock profitability, fuel growth, and give you a…