Resources for business owners
Discover leading insights from our finance experts at The Finance People. Use this financial advice to enhance your strategy, to overcome common financial challenges within SMEs, or to better understand key areas of finance for business.
Understanding Your Profit & Loss Report: 7 Warning Signs to Watch For
Understand how to read your profit and loss report effectively and the key warning signs that your business is at risk. Identify ways to address risks, and opportunities to develop by booking a free consultation with a financial expert at The Finance People.
How to Increase Profit: Business Strategies for 2025
Discover effective strategies to increase profitability for your business in 2025. Book your free consultation with The Finance People to assess your financial strategies.
How SMEs Can Leverage Fractional CFO Services for Growth
Learn how to unlock the potential of your SME with Fractional CFO services and benefit from expert financial guidance, cost savings, flexibility and strategic insights that can drive growth without the commitment of a full-time hire.
The Common Finance Mistakes SME Owners Make and How a CFO Can Help
Learn how to identify and avoid the most common financial mistakes business owners make. From budgeting and taxes to cash flow management, gain some insight into how you can strategically improve your businesses financial health, and how a Fractional CFO can navigate this with you to secure the future of your business.
When to Transition from a Fractional CFO to a Full-Time CFO
As your business evolves, so do its financial needs. Many SMEs find immense value in leveraging fractional CFOs or other fractional finance experts to manage their financial strategy and operations. However, there comes a point in the lifecycle of a growing business when transitioning to a full-time CFO becomes not just beneficial but necessary. Read now.
Five Key Responsibilities of a Fractional CFO
What can a fractional CFO do for your business? Find out the key responsibilities of a fractional CFO and explore whether you could benefit from this role in your business.
Does My Startup Need a Fractional CFO?
Hiring a full-time CFO or even a Finance Manager/Financial Controller is a costly expense and one that is lower down the priority list when it comes to outsourcing. However, a fractional CFO could offer a middle ground solution.
You may be wondering - does my startup need a fractional CFO? Let’s dive in and find out.
8 Finance-Related Problems SMEs Face
Small and medium-sized enterprises (SMEs) are the backbone of many economies around the world. However, managing the finances of an SME can be challenging, fraught with hurdles that can impact their growth and sustainability. Explore 8 common finance-related problems that SME owners often encounter, how to better prepare and overcome them.
What Finance Role Do I Need in My Business?
The array of titles—CFO, fractional CFO, finance manager, financial controller—can be confusing. In this blog, we'll demystify these roles and guide you towards identifying the right finance expert for your business.
Is Your Business Ready for a Fractional CFO?
For SMEs that cannot afford a full-time CFO at the level they require, the fractional CFO model presents an excellent way to make that crucial step forward. Despite not adhering to the standard Monday-Friday, 9-5 schedule, the fractional CFO delivers high-level financial strategy, systems analysis, and operational insights on a part-time or contractual basis.
What Should You Look for in a Fractional CFO?
A fractional CFO offers the same expertise and services as a full-time CFO but on a part-time or project basis, making it a cost-effective solution for businesses that don't require or can't afford a full-time executive. But what exactly should you look for when considering a fractional CFO for your business? Let’s find out.
3 Signs You've Got the Wrong FD
For small and medium-sized enterprises (SMEs), the role of a Finance Director (FD) is pivotal. The right Finance Director can steer your company towards growth and stability, but the wrong choice can lead to setbacks and missed opportunities. Recognising the signs of a mismatch is crucial for business owners. This blog explores three key indicators that might suggest your current Finance Director may not be the right fit for your business's unique needs.
How Much Does a Fractional CFO Cost?
SMEs are constantly having to adapt and navigate challenges to achieve growth. However, the high cost of hiring a full-time Chief Financial Officer (CFO), otherwise known as a Finance Director (FD) can be a daunting expense. Enter the solution that's gaining traction among astute business owners: the fractional CFO.
5 Hiring Mistakes to Ditch in 2024
Many businesses fall into the trap of outdated hiring practices, especially when it comes to securing top-tier financial leadership. This year, it's time to reevaluate and ditch these five common hiring mistakes.
5 Finance Tips from Our CFOs to Apply in 2024
All SMEs today should be looking to thrive and compete in an increasingly difficult market, so staying ahead of the curve is crucial. Our team of experienced CFOs have come together to share their top five financial tips for SME owners, for you to take away and implement into your business today.
8 Top Tips for Recovering from Financial Turbulence
Throughout business ownership, financial turbulence can strike unexpectedly, leaving SME businesses grappling with uncertainty and stress, and the path to recovery requires a strategic approach and a commitment to positive change. Discover six tips from our fractional CFOs tp help you not only navigate these formidable challenges but to optimise business finance recovery.
Cash Flow vs. Profit: Which Is More Important?
Entrepreneurs are constantly challenged with the delicate task of balancing priorities to ensure the sustained growth and resilience of their enterprises. Two pivotal elements in this balancing act are cash flow and profitability. In this blog post, we’ll look at cash flow vs. profitability and which you should prioritise, if it comes to it.
Your SME Finance Planning Checklist for 2024
As we step into 2024, SMEs face a unique set of financial challenges and opportunities. Economic uncertainties, technological advancements, and evolving consumer demands require businesses to adapt and innovate, all while maintaining financial stability. This is where a comprehensive financial plan proves invaluable.
3 Mistakes Business Owners Make When Hiring a Finance Director
There are so many benefits to hiring a Finance Director and ultimately, they’ll give you the strategy and support you need to move forward with your business. However, there are some common mistakes SME owners make when it comes to hiring for this role. Make sure you’re not making them. Read now.
The Future of Finance: How the Part-Time Model is Changing the Game
Traditionally, businesses have either hired a full-time finance director (FD) or managed with an existing finance team, including a finance manager, accountant and finance assistant - until they could afford a full-time, high-level FD. However, there is a growing trend towards hiring a part-time FD and for good reason. Read now.