I spent a couple of days last week at a business exhibition in Wales – an interesting experience in more ways than one with monsoon like weather conditions coinciding with England’s final one day cricket match against South Africa and only 18 balls being bowled.
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Archive for the ‘Strategy’ category
I’ve been thinking about CPD over the last few weeks and how best to most effectively keep myself updated.
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We spent some time yesterday discussing the Business Continuity Plan for the business; we focussed on how having spent much time drawing it up there were constant changes to the business that necessitate revisiting the plan and revising it.
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Late payment has always been an issue for small companies and in the current economic climate where cashflow becomes even more important then it’s really important that SME’s are on top of their credit control procedures.
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I read an interesting article the other day about a survey carried out amongst business executives and their attitudes towards summer holidays – as you might expect there were the usual statistics about the percentage who check work e-mail, voicemails, those who use their holiday as an opportunity to catch up on work related reading etc.
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Many of my businesses are reacting to the various price rises that are now filtering through in different ways – looking at the necessity of making that journey, car sharing, travelling by train, flexible working, conference calls etc – but the one unavoidable consequence of rising prices is going to be increased pressure on salaries in the coming months.
Moving office buildings in the midst of preparing for the annual audit, completing the P11D’s and the quarterly VAT return is not a recommended strategy!
I read a headline last week that said that FDs are in danger of losing their strategic role and need to demand better training and staffing. This was the summary of a survey carried out by Ernst & Young that confirmed what we all know – our role has expanded, one of the main drivers being increased and more complex regulation and compliance requirements and there is an increased need for us, and our staff, to collaborate and work more effectively with the other primary business functions in particular sales and marketing.
