Isosceles continues to expand its Finance Director Services
We are delighted to welcome Greg Eaton to Isosceles’ Finance Director Services team. Greg is an experienced Group Finance Director with a strong history of raising finance for growth, optimising cash and working capital, improving reporting and preparing businesses for sale. He is a Big Four trained Chartered Accountant with a broad industry background including technology products and services, manufacturing and distribution. Greg has worked with privately owned UK businesses … Continue reading
How to scale a small business into a larger business
In my discussions with our clients I often use a boat as an analogy for a company. Scaling a business is a journey. Much depends on the team within the boat and success is a destination that not every boat reaches. In my analogy I equate the difference between small companies that stay small and those that go on to become much larger as the difference between a rowing boat (small … Continue reading
Outsourced Accounting: Why does signing a cheque deliver higher quality for the SME?
The world in which we live Many of us pay for our internet, telephone, utilities and even settle our credit card bills using standing orders and direct debits. These types of payments mean we don’t forget and make life easy. However, our ability to assess the quality of the product or service and measure it against our expectations before choosing to pay (or not!) is gradually being eroded. The flip-side … Continue reading
Outsourcing: Which “shore” is right for the SME?
Which “shore” is right for the SME: onshore, nearshore or offshore As technologies converge facilitating the easy transfer of documents and data, and as communications improve to allow the provision of services anytime, anyplace, anywhere so the question has emerged in the world of SME outsourced accounting: “which is better onshore, near-shore or offshore ?” What is the Difference Between the ‘Shores’? Let me start, for the avoidance of doubt and … Continue reading
Is it possible to revitalise a tired venture capital backed business?
Being a venture capitalist must be one of the toughest jobs going – they are as popular as a traffic warden who used to be an investment banker. Their odds of success are no more than one or two projects in ten. Although they perform as much due diligence as they can, they are still reliant upon the representations that the management team make. If they succeed no one likes them, if they fail they deserved … Continue reading
An accounting problem shared is a problem solved!
Have you considered outsourcing your finance and accounting function yet? The decision to outsource is not an easy one. It is a big step and there is no getting away from that – and yes it is true, there are risks involved. But reward and risk go hand-in-hand. With an experienced partner, and the right approach, it is a rewarding journey to take. If you have taken the decision to … Continue reading
Outsourcing bridges the accounting skills gap for SMEs
Running a small or medium business involves managing a range of priorities and challenges, many of which can needlessly burden the management team. By investing in qualified accounting resource, finance doesn’t need to contribute to the burden. In SMEs 36% of those responsible for finance and accounts do not have a relevant qualification According to recent research by the Association of Accounting Technicians (AAT) into how SMEs manage their accounting: … Continue reading
Good budgeting and planning is more than just financials
Every business management theory book, since the emergence of spreadsheets, highlights the importance of budgeting and planning but I am still surprised at how few small and medium sized companies budget or plan sufficiently. There is nothing more likely to accelerate business success than a coherent and accurate financial plan. On the flip side, nothing is more likely to jeopardise your business than the lack of a strong plan. Why then … Continue reading
Financial Reporting: Do you have the right information at the right time?
It is surprising how many businesses struggle to get timely and accurate financial information at the end of each month. Off-the-shelf accounting packages such as Xero, Sage and QuickBooks are cost effective and very good at what they do, hence their popularity, but when it comes to reporting they are very limited. Yet without accurate financial reporting – up-to-date visibility of how the business is performing against key business drivers how … Continue reading
Outsourced Accounting: What is the True Cost of an Employee?
When I am in a ‘sales’ situation explaining the benefits of outsourced accounting or a part time FD, one of the thorny issues I have to deal with is the question, “what is the real cost of an employee?” In fact, just the process of looking at outsourcing part of a business process is healthy because establishing the cost of an employee is one of the central questions that a … Continue reading