Raising Business Finance with BGS

There are a number of ways to raise finance for your business. A typical progression as you grow might include the following: Own funds and personal loans. Friends, Family and Fools! Grants Favourable terms with customers and suppliers. Working capital finance. Loans and facilities from banks (and increasingly a whole new class of Fintech providers). […]

Why Is Financial Forecasting So Critical To Your Business?

Why Is Financial Forecasting So Critical To Your Business? Recently on the blog, I’ve been looking at “Who controls your business?” and talked about how control over your operations begins with financial visibility and the critical business numbers you need to be all over like a rash. Once you have clarity on your current performance it’s […]

Take Control of Your Business!

Take Control of Your Business! In my last blog post, I discussed the pressures faced by small businesses and how these pressures can ultimately wrest control from you of your business and, because what’s going in in your business impacts your finances and home relationships, in some cases your life. In this article, I will […]

What to Do if Your Business is in The Hole

What to Do if Your Business is in The Hole If your business is battling, you need to take immediate action. Here are a few pointers for you if your business is in the hole. 1. Figure out how deep the hole is The first thing about the hole is you need to know how […]

Business Finances – 3 Things To Know

3 Things You Need To Know About Your Business Finances Before You Can Grow. Before we start planning and imagining where your business can get to, you need to understand what the strength of the business currently is. It is important to know a few things about your business finances first. I remember when I […]

Double your profits with Business Growth Services

Double your profits in 12 months……or less, with Business Growth Services We help frustrated business owners get what they want. What do you want from your business? That means as many different things as there are people. Whatever it means for you, most reasons fundamentally boil down to 1 or more of the following 4 […]

3 Key warning signs the business gurus wont tell you about

3 Key Warning Signs The Business Gurus Won’t Tell You About. The problem with business gurus: They offer great content (potentially) on vision, leadership, strategy, sales, marketing, people etc. but rarely give thought to the financial stability of a business. Why is that? Simply put, it is not in their interest to do so. If […]

The Time Bomb In Your Balance Sheet

Don’t you just love having to gather information for your accountant to file your tax return every year? It's always prudent to follow these simple tips to ensure that there are no surprises when the next HMRC bill is due to be paid:

Understand your balance sheet and keep it properly updated
Pay close attention to your liquidity and sustain operating capital

...all too often taking your eye off the ball can be a fatal error - learn how to avoid the pitfalls by reading this short blog post.

Hire a Part Time Finance Director to Help Grow Your Business

Many small or medium-sized businesses could benefit from the support of an experienced Finance Director, but simply cannot afford to hire a full time FD at a vital stage in the company's growth cycle. The benefits of consulting a part-time Finance Director therefore include:

Cost savings, flexibility and ability to 'hit the ground running'
Scaleability - increase or decrease service level according to need and budget

...but there are many more reasons to try our service. Gain access to a broader base of experience than would be the case by hiring an expert from within your industry, or assign one of our FDs to oversee a specific project or department for a relatively short period of time.

6 ways to keep in control of your debtors

Our expert Gordon gives his take on the best ways to keep a healthy cash flow through the control of those who owe your business money. Tips include:

Relationship building - staying on good terms with both the CEO and his team
Efficient administration and clearly stated payment conditions / schedule
Recommended tools for automation of tasks that may be 'put off' otherwise
Knowledge, communication and information gathering

...read this helpful advice if you're a financial manager looking to improve your customer relationships whilst at the same time encouraging them to pay on time.

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