For SMEs, a recession presents unique challenges, from managing cash flow and retaining customers to cutting costs and identifying growth opportunities. However, with the right strategies, your business can not only survive but thrive during economic turbulence.

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.

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.

Management information play a huge role in the scaling of your business. Here’s 6 reasons data is critical for every SME.

How is the cost of living crisis impacting SMEs? Find out in our research.

Is your business ready for the next step? Find out in our valuable infographic.

What is the current state of exit planning in the UK? How well prepared are business owners for exit? Read now.

Do you have an exit strategy in place? If not, here’s everything you need to be prepared for exiting your business.

What are the key questions you need to be asking for your business? Find out in our latest infographic.

Do you require financial support but are unsure where to start? Take a look at our infographic

What is the current state of business cash flow in the UK? How well are SMEs handling their income and expenses? Find out in our easily digestible infographic.

As the owner of a small business, it can sometimes seem easier to put your head in the sand and try to ignore cash flow issues that arise – but this only worsens the problem. It is much more sensible to acknowledge your cash flow problems and build a strategy for tackling each one head-on. Discover the common pitfalls

What are the differences between a Financial Controller and a Finance Director? Find out how the roles differ and which one you may need for your business.

In this blog, we will explore different funding options available for SMEs. We will provide insights on how to choose the best one for your business. So, whether you're a startup looking for seed funding or an established SME seeking growth capital, this guide is for you.

Effective budget planning is essential for the success of any business, regardless of its size or industry. As a business owner or managing director of an SME in the UK, it's important to understand the importance of budget planning, particularly on a quarterly basis.

Did you know there are various ways to exit your business? How do you know which route will you in the most beneficial position? How can you figure out so far in advance what you should do? Explore the most common exit strategies for SMEs and who they are best suited for.

If you’re new to being a business owner, you might not be sure what level of finance role you need. Do you need someone to manage your books and provide some reporting, or do you need strategic guidance? Find out.

What are the advantages of hiring a part-time FD, compared to a full-time FD? Of course, the cost savings immediately spring to mind, but what else? Find out the top five advantages…

What would you do you a crisis occurred within your business? Whether it’s something within or outside of your control, there are processes in place to manage crisis and mitigate it from the start. Find out mor.e

The Finance People were contacted to provide part-time Finance Director services to help Join Talent manage its exponential growth and transform its organisational structure.