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.
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Many businesses fall into the trap of outdated hiring practices, especially when it comes to securing top-tier financial leadership.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.
The Do's and Don'ts of Hiring a Finance Director
Finding the right part-time Finance Director for your company can be a critical decision, as this individual will play a key role in managing your organisation's financial health and direction. Discover the do’s and don’ts of hiring a finance director. Read now.
What is an interim CFO and does your business need one?
In today's fast-paced, you need to stay ahead and to do so, you’ll need reliable, experienced finance guidance within your business to help you take the right next step. Keep reading to find out everything you need to know about the role of the interim CFO and how they could benefit your business.
Infographic: 6 Reasons Data is Critical for Every SME
Management information play a huge role in the scaling of your business. Here’s 6 reasons data is critical for every SME.
Infographic: The Impact of the Cost of Living on SMEs
How is the cost of living crisis impacting SMEs? Find out in our research.
Infographic: Are you ready to scale your business?
Is your business ready for the next step? Find out in our valuable infographic.
Infographic: How Prepared are Business Owners for their Exit?
What is the current state of exit planning in the UK? How well prepared are business owners for exit? Read now.
Infographic: Your Exit Strategy Roadmap to Success
Do you have an exit strategy in place? If not, here’s everything you need to be prepared for exiting your business.
Infographic: Financial Management Information - Key Questions for Your Business
What are the key questions you need to be asking for your business? Find out in our latest infographic.