You didn’t start a business to stand still – you started it to grow it. And whether that growth is about increasing market share, improving profitability, or building your team – or indeed all of these – the reality is that you’re going to encounter some challenges that will trigger growing pains along the way….
Growing a business is the primary objective for most business owners. Boosting headcount, operations, customer base, geographic locations are all positive developments. However, these developments come with a catch. Why? Because in conventional growth mode, all these objectives require correspondingly increased resources – revenue, people, cash – to fund them. You make more, but you…
Our outsourced Finance Directors (FDs) and other Finance professionals are often approached to provide advice and insight around investment funding – and it’s hardly surprising. It comes in many forms and can be complex for small business owners and managers to navigate. But it can also propel the business to success and generate a healthy…
One of the things that distinguishes EFM and its team of outsourced Finance Directors (FDs) and other Finance professionals is its focus on business growth. And by identifying opportunities to improve Finance systems, processes, and management, we help small and medium enterprises (SMEs) balance that growth with profitability – as the former is no good…
It may still only be the beginning of the year, but fast-forward for a moment to the end of it, and ask yourself how you’ll know if 2023 was successful if you didn’t have a plan that defined success in the first place. Make that plan your New Year’s resolution – if you haven’t already…
If you’re a small or medium enterprise (SME) owner, and considering an orderly move towards your business’s “Out” door in these changing and challenging times, rest assured that, as outsourced Finance Directors, we completely understand the economic pressures upon you. According to recent figures from the Office of National Statistics (ONS), in early October 2022…
In a small and medium enterprise (SME), the need for growth comes with the territory – after all, nobody goes through the legwork and efforts of a business’s early days to not see revenue, headcount, profit – or indeed all three – strengthen. But a sea-change is brewing in how and why SMEs seek growth….
The last couple of years have been challenging for businesses. First, there was a global pandemic to negotiate, and then before they had time to take a breath and recover, the economy has hit businesses with rising fuel prices and costs. Therefore, it is no wonder insolvency figures are rising fast. The Insolvency Service revealed…
Does your start-up need an injection of capital to get off the ground? Are you looking to move to the next stage of business growth? If the answer to either of these questions is yes, then are you ready to take the plunge into the world of fundraising? Stage one is to prepare a sound…
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