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. 

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.

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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.

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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.

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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.

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Finance Advice Emily Cooper Finance Advice Emily Cooper

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.

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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.

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Finance Advice Emily Cooper Finance Advice Emily Cooper

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.

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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.

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Emily Cooper Emily Cooper

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.

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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.

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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.

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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.

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