Monthly Archives: August, 2019

How can a Finance Director help your business?

August 30th, 2019 Posted by Uncategorized 0 thoughts on “How can a Finance Director help your business?”

Can a Finance Director help you move your business forward?

As an entrepreneur, it can be easily forgotten that large businesses always start off small but unlocking the secret to growth comes from the team you choose to help build your business.

An FD that is devoted to your business will help highlight growth opportunities and use a bank of commercial experience as well as instinct for strategic planning to set you on a path of sustained expansion – unlocking untapped markets and investment for growth.

Outsourcing the help of a trusted professional who understands the ins and outs of financial statements is essential in keeping your business in the best financial health, particularly when considering a serious round of expansion. A FD becomes indispensable.

Finance Director vs Financial Controller

People commonly ask about needing a Financial Controller and it turns out that they actually need a Finance Director. So what’s the difference?

An FD is necessary when moving your business forward. They would help provide insights such as forward looking financials and metrics so you know where you are heading.

Where an FC reports on the past financial health of your business, an FD will impact on the future financial health of your business through strategic planning, commercial decision making and tighter financial controls. Integrating an FD into your team on a part-time basis will bring you flexibility and control. They will be able to deliver a clear vision and unparalleled expertise to your financial strategy.

FDs are constantly exposed to tackling a range of financial problems that plague small businesses, FDs are seasoned in protecting businesses from the holes in cash flows that can eventually sink even the largest of ships. This is where guidance from individuals with great experience becomes crucial.

Now, if you think that your business could benefit from having a Finance Director then have a chat with one of a team so we can help you in the best way possible.

Move Your Business In The Right Direction

August 28th, 2019 Posted by Uncategorized 0 thoughts on “Move Your Business In The Right Direction”

Are you looking to move your business in the right direction?

As anyone would know, driving with a fogged windscreen is a disaster waiting to happen. Yes, you can check the rear-view mirror or even poke your head out of an open window to see what’s ahead, but this can only be so much help.

You need someone who can provide crucial guidance on strategic planning, credible future forecasting and recommendations on how to move your business forward and meeting targets.

Building a strong employee base and relationships is key when trying to develop trust and loyalty within your team. This encourages a motivated workforce, employee retention and a healthier work environment. There’s a secret to creating the perfect team and that’s combining people who don’t think, act and express themselves in the same way- this can help your business grow to the next level.

In order to unlock your business’ growth potential, you need to increase clarity about your company’s goals. Understand and articulate what type of effort will be required, the motivation behind each goal.

There’s no doubt that everyone wants to keep their business moving in the right direction. Even the largest of firms start off small so whether you’re newly established and trying to build your brand or a seasoned competitor, growth is important in challenging your rivals to ensure progress and profits follow.

It’s all about highlighting growth opportunities and using a commercial experience to set you on a path of sustained expansion – unlocking untapped markets and investment for future growth.

With your accountant keeping the past year’s books watertight and balanced, if you spend too much time staring into your rear-view mirror, you’ll miss what’s coming ahead. In this sense, a seasoned Finance Director will ensure that you’re able to capitalise on future growth opportunities and confidently move forward.

How can we help?

We work with you and for you to move your business forward across the key areas you want to change. With our specialised business expertise, we can help take your business to the next level and find that next growth opportunity.

3 Reasons Why You Need A Finance Director On Your Team

August 23rd, 2019 Posted by Uncategorized 0 thoughts on “3 Reasons Why You Need A Finance Director On Your Team”

Are you in the process of integrating a Finance Director into your team? Or wondering if your business should have one? Here are a few reasons that will help you make that decision:

1. Improving the financial health of your business:

Money drives business and historical reporting will only become so useful. FDs play a critical role in future forecasting and in-depth analysis of balance sheets to truly ensure a profitable future.

Usually in your business, you will have likely relied an accountant to set out your financial strategy and undertake leadership of your balance sheet. But there comes a time when you’re looking to expand, and having an FD becomes necessary.

With your accountant keeping the past year’s books watertight and balanced, an FD will take control of financial performance and provide a blueprint for improving financial systems and meeting new goals.

2. You’re looking to grow:

Having a Finance Director is a key factor for your business’ growth!

Whether you’re looking to communicate with an untapped consumer base or challenge your rival, FD’s seek to ensure a sustainable path to meaningful business growth through strategic planning, harnessing their wealth of commercial experience.

When coming to the stage of business growth, Finance Directors become indispensable to moving your business forward. Effective strategic planning, credible future forecasting and recommendations on financing overall operations is not something you can do alone.

3. Strategic business advice:

The core skills of an FD will become an essential instrument to the workings of a business.

Expanding and capitalising on growth opportunities is key to sustained profitability and an FD can provide strategic advice and recommendations to board and other key stakeholders. It’s valuable to have an outside and objective perspective on your business. Your accountant won’t be able to provide this as they are too close to the business itself.

If you’re looking to move your business forward, our part-time FD’s can help do just that. Whether you view yourself in a position of financial distress or you want to improve in any areas, our trusted and seasoned finance professionals can give you the advice and skill set needed to benefit your company.

3 Tips On Achieving Strategic Growth For Your Business

August 20th, 2019 Posted by Uncategorized 0 thoughts on “3 Tips On Achieving Strategic Growth For Your Business”

Developing a growth strategy isn’t a one-size-fits-all process. In fact, due to changing market conditions, making strategic decisions based on your competitors would be foolish. That’s not to say that you can’t learn from other companies, but blindly implementing an irrational plan won’t create strategic growth.

1. Invest in the right people

Your employees have direct contact with your customers, so you need to hire people who are motivated and inspired by your company’s value proposition.

Developing a trust and loyalty with your employees is an absolute must. This will encourage a motivated workforce, employee retention and a healthier work environment. Want to know the secret of creating the perfect team? Combining people who don’t think, act and express themselves in the same way can help your business grow to the next level.

2. Have a sustainability strategy

How your business can have the least impact on the planet is a great way to engage with your staff and clients and attract new clients which would see this as being an important part of their supply chain.

Consumers, in general, prefer a sustainable business or product. Fortunately, there are plenty of businesses who have a sustainability strategy and are profiting from it tremendously. Wouldn’t you want to be one of those businesses? Almost all successful and profitable businesses have real sustainability measures in place.

Consumer brands with a demonstrated commitment to sustainability grew 3% more in one year than non-sustainable competitors.

3. Review your financial strategy

Your business will only grow with the right financial planning and strategy. If you still remain small, it might be because you aren’t benefiting from outside guidance. You need a long-term strategy for sustained success, to improve a business built to last and remain profitable with specialised guidance that parallels that of your competition and bigger businesses.

With our specialised financial expertise, we can take your business to the next level and deliver a clear vision and unparalleled expertise to your financial strategy.

How can we help?

Our team specialise in different areas of business from financial strategy, growth planning, teams and operations that they are ready to share with you. This is one to one guidance of the highest standard. Whether you need to find better ways of operating, recruiting, targeting your customer base or growing your business, working with our trusted professionals can give you the extra edge you need to keep moving your business forward.

How To Move Your Business Forward As An SME

August 16th, 2019 Posted by Uncategorized 0 thoughts on “How To Move Your Business Forward As An SME”

                                                                          Moving In The Right Direction…

  • Regular meetings with management and employees

Frequent catch ups with your team can help everyone work together to create new ideas. It helps to pull your most creative minds in one room, regardless of work experience or time with the company, with no rules, no pressure, and see what comes out.

Building an open culture to make a path for the best ideas to come forward, your business’ success will no longer solely depend on you and your ideas. It’s important to give your employees the chance to have a real impact on the forward momentum of the business allows them to feel ownership within the company and stay excited about their jobs.

  • Keep Up With Your Competitors

If you stay on top of your competitors, you can continually improve your business in two ways:

1. You’re aware of what they’re doing and can take actions to stay ahead. For example, if all of your competitors have new interactive websites, you should think about how your company looks online.

2. Take that same knowledge and find where they are making mistakes and pick up the slack. If your competitors don’t have a product or service you offer, highlight that product and show how you’re the better choice.

One way to learn about your potential growth is through your competition. You can either choose to learn from a competitor and try to replicate their success or find an avenue to separate and differentiate yourself from competitors.

  • Integrate a Finance Director into your team

Are there great benefits to having a Finance Director on your team? Of course! An FD would help provide insights such as forward looking financials and metrics so you know where you are heading.

Given that most SMEs fail within their first year of business, investing in a team of professionals with your company’s best interest at heart becomes invaluable – especially as you begin considering expansion or improving financial performance.

Having a part-time FD provides you with an affordable and cost-effective method to navigating the financial future of your business, enabling you to avoid mistakes you don’t need to make.

Are you an SME and think a Part-Time FD would benefit your business? Get in touch with us below to find out more info!

3 Ways To Tell If You Have The Right Finance Director

August 12th, 2019 Posted by Uncategorized 0 thoughts on “3 Ways To Tell If You Have The Right Finance Director”

Do you have a Finance Director but unsure whether they’re the right one for you? Here are 3 ways to help to you find out.

1.Always spots room from growth

FDs help outline opportunities for expansion and rely on a bank of experience as well as an aptitude for strategic planning to set you on a path of meaningful growth. An FD that’s right for you knows the industry well, guiding you to an untapped consumer base – they know there is always more work to be done.

2.Financial health is a priority

Though number-crunching is most commonly outsourced to a trusted accountant, historical forecasting is a limited catalyst for continuous profitability. Dedicated FDs work to improve financial systems in tandem with meeting new goals, understanding that the fundamentals of business is having enough cash to keep afloat.

3.Learns from mistakes

FDs come with access to their invaluable expert advice so SMEs can avoid mistakes they cannot afford to make. An FD that shares your vision will be able to see financial icebergs before you and works to learn from the pitfalls of your rivals. They should be there to protect and project the future of the business.

Different Types of FDs

Are you aware of the different types of Finance Directors out there?

There are many types of Finance Directors and some companies don’t even have one.

Finance Directors that are great at closing the month end and making sure your books and records are tidy.

Finance Directors that are great at mergers and acquisitions, doing big deals that involve raising money.

Commercial Finance Directors that are great at understanding the business and really driving and focusing on profit performance.

These then often come in the same package. So having an additional Finance Director on your team or someone that adds benefit from a different angle could really benefit your business moving forward.

If you’re looking to move your business forward, our part-time FD’s can help do just that. Whether you view yourself in a position of financial distress or you want to improve in any areas, our trusted and seasoned finance professionals can give you the advice and skill set needed to benefit your company.

 

Looking for an Finance Director tailored to your needs? Get in touch with us here- contact@evokemanagement.co.uk

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