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Wrightcfo Ltd

17 hours ago

ESG reporting can drive value, enhance reputation, and secure the future success of your organisation. ESG reporting refers to measuring and disclosing a company’s performance in critical areas related to environmental sustainability, social responsibility, and corporate governance. The Value and Usefulness of ESG Reporting-Enhanced Reputation-Risk Mitigation-Access to Capital-Competitive AdvantageHere are some tips on how to report on ESG effectively.Identify Key Metrics: Determine which ESG metrics are most relevant to your industry and stakeholders. Common metrics include carbon emissions, gender diversity, waste reduction, and ethical sourcing.Data Collection: Collect accurate and comprehensive data related to your chosen ESG metrics. This may involve conducting environmental impact assessments, employee surveys, and supplier evaluations.Set Targets: Establish measurable ESG goals and targets. These objectives should align with your overall business strategy and demonstrate a genuine commitment to improvement.Report Transparently: Create an ESG report that is clear, concise, and transparent. Include both your successes and challenges, as stakeholders value honesty.Engage Stakeholders: Communicate your ESG efforts to stakeholders regularly. Engage with investors, customers, employees, and communities to solicit feedback and demonstrate your commitment to continuous improvement.DM me for support on your ESG reporting process.#SMEs #SMEowner #SMEcommunity #SMEbusiness #SmallBusiness#Entrepreneurship #BusinessOwners#StartupLife #SmallBizTips#BusinessDevelopment #SMBs#CFO #finance #EarthDay ... See MoreSee Less

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Wrightcfo Ltd

5 days ago

Continuous professional development (CPD) benefits us all in many ways. It can inspire and reinvigorate you in your chosen discipline and help you apply your new skills to your business model.While it is difficult to find the time to commit to further training or education, it is always a worthwhile pursuit. It should be viewed as a reward, an opportunity to expand your skillset and fire your imagination.Find out more...wrightcfo.co.uk/2019/09/08/back-to-school-already-adult-education/#SMEs #smeowner #smecommunity #SMEBusiness #smallbusiness#entrepreneurship #BusinessOwners#startuplife #smallbiztips#businessdevelopment #smbs#CFO #finance ... See MoreSee Less

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Wrightcfo Ltd

6 days ago

Corporate philanthropy makes a statement about your business. You are announcing your desire to promote the welfare of others. It’s a win-win for your business and society.Current statistics report that:-64 per cent of consumers would buy from a brand or boycott it solely because of its position on a social or political issue.-77 per cent of consumers buy from brands that share the same values as them.Corporate philanthropy has shown to:-Increase employee engagement and productivity-Improve brand awareness and reputation-Attract top talent-Increase salesUsing Corporate Philanthropy to Increase SalesThis is about telling your customers what you stand for. Make sure you publicise your efforts. Consumers have already had their vote, and they want businesses that care.You can also offer your customers the opportunity to get involved. Announce a product run or percentage of fees for a service you are donating to a topical or local cause, and ask them to support your efforts.Corporate Philanthropy and Tax ReductionsBusinesses that undertake charitable giving typically receive tax deductions. However, it is vital that you accurately track and record your donations. For any business considering corporate philanthropy, we strongly recommend seeking advice from a finance professional to ensure compliance with all tax requirements.DM me for more info.#SMEs #SMEowner #SMEcommunity #SMEbusiness #SmallBusiness#Entrepreneurship #BusinessOwners#StartupLife #SmallBizTips#BusinessDevelopment #SMBs#CFO #finance ... See MoreSee Less

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Wrightcfo Ltd

2 weeks ago

What does it take to secure an investment?1. What You Can Bring to the TablePreparation is key. You must be confident and informed. Start with one killer sentence, something that demands attention. What problem are you solving for your target audience?Exploit all media to full effect. If a graphics-based presentation such as a slide show will strengthen your argument, use it. If you have a product you can demo, bring it along and think about how to create maximum impact.2. SupportWhen it comes to selling a vision, it's vital to communicate financial data accurately. You need to know what information is expected. If you don't take the finances seriously, why should your investor? The pitch needs to communicate your expertise in both your product and your revenue model. While you may be familiar with the basics of financial projections, you may not be prepared to deal with scrutiny. Enlist a CFO to help.3. The ConclusionEvery aspect of your pitch should appear polished. One simple yet well-thought-out sentence can cement a deal. Deliver a brief conclusion highlighting the benefits to your customer base and your investors.You should also take the time to briefly thank your audience for their time and consideration.DM me to discuss your investment pitch.#SMEs #smeowner #smecommunity #SMEBusiness #smallbusiness#entrepreneurship #BusinessOwners#startuplife #smallbiztips#businessdevelopment #smbs#CFO #finance ... See MoreSee Less

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Wrightcfo Ltd

2 weeks ago

How to Mitigate the Risk of Insolvency1. Cash Flow Management: A robust cash flow management system is vital for any business. Regularly monitor your cash flow, identify potential gaps, and take proactive measures to address them. Implement effective credit control procedures and maintain open communication with customers to ensure timely payments.2. Financial Forecasting: Regularly review and update your financial forecasts and budgets. This will help you identify potential challenges and make informed decisions to mitigate risks. Consider various scenarios and plan accordingly to ensure financial stability.3. Diversify Revenue Streams: Overreliance on a single customer or market can expose your business to significant risks. Explore opportunities to diversify your revenue streams and expand your customer base. This will help mitigate the impact of any downturns in specific sectors or markets.4. Debt Management: Manage your debt levels effectively. Avoid excessive borrowing and maintain a healthy balance between debt and equity. Regularly review your debt structure and consider refinancing options if necessary. Seek professional advice to ensure optimal debt management.5. Cost Control Measures: Implement effective cost control measures to optimise your business operations. Regularly review your expenses and identify areas where cost savings can be made without compromising quality or customer satisfaction. Streamline processes and eliminate unnecessary expenditures.6. Stay Informed: Stay abreast of industry trends, market conditions, and regulatory changes that may impact your business. Continuously assess your business model and adapt to evolving market dynamics. Embrace innovation and explore new opportunities to stay competitive.7. Strong Relationships: Foster strong relationships with suppliers, customers, and other stakeholders. Maintain open lines of communication and address any issues promptly. Strong relationships can provide support during challenging times and help mitigate risks.8. Seek Expert Advice: Engage with financial experts who can provide valuable insights and guidance. Consider partnering with a Fractional CFO from WrightCFO, who can offer specialised financial expertise on a part-time basis. Their strategic insights and financial acumen can be invaluable in navigating complex financial challenges.DM me to set up a free consultation and future-proof your business. #SMEs #smeowner #smecommunity #SMEBusiness #smallbusiness#entrepreneurship #BusinessOwners#startuplife #smallbiztips#businessdevelopment #smbs#CFO #finance ... See MoreSee Less

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