View Associate Guest Blog – Setting up an International Entity

Associate Guest Blog – Setting up an International Entity

For any company contemplating expanding into a new market, the advantages and disadvantages of setting up a branch or foreign subsidiary will depend on the business opportunities, as well as the cultural and regulatory climate of the specific country. There are challenges associated with overseas expansion, and while some business issues are universal, such as…

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View What is the difference between a budget and a forecast?

What is the difference between a budget and a forecast?

In order to identify new opportunities and ensure that they are operating on a profitable basis, small businesses need to incorporate a review process at the start of each financial year into their management process. The starting point in the process is to put together projections for what sales they might reasonably expect to make,…

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View The Importance of Business Forecasting

The Importance of Business Forecasting

Business forecasting is an integral part of your business plan. As part of this, financial forecasting may be required for a number of reasons: If you need funding to start up or grow, then all lenders will assess your forecasts. Seeking out a potential business partner will be made all the easier with a set…

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View In-House vs Outsourced – What’s the best option for my SME?

In-House vs Outsourced – What’s the best option for my SME?

Accounting is essential for every business, and there are many opinions on the right ways to find the services needed to stay afloat. If you’re just starting up or can see that your accounting systems need maintaining, what is the right approach? You can recruit an in-house accountant or consider hiring an outsourced specialist. The…

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View How to pitch your business to VC investors

How to pitch your business to VC investors

Pitching your business to a venture capital (VC) investor can be daunting. You’re potentially competing for a limited pool of money against a crowd of other founders with innovative ideas. And the pressure to succeed makes it easy to fumble your pitch. Even start-ups with fantastic growth potential often make basic mistakes, such as being…

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View Improve cashflow by categorising your supplier base into three areas

Improve cashflow by categorising your supplier base into three areas

Throughout this time of uncertainty, the EFM team would like to share some practical guidance and support with our readers to ensure your business stays strong and above the water throughout the pandemic. This week, EFMs Group Managing Director, Finance Director and Growth Partner, Gary Jesson, shares his tips around improving your cashflow management. Every…

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View How can I avoid small business failure?

How can I avoid small business failure?

Management of cashflows, especially receipts from customers, is a major headache for SMEs and one of the biggest causes of small business failure. You can help yourself to manage cashflow by adopting effective invoicing strategies and getting financial help to avoid a cash crisis. Here are four expert tips on how to keep cash coming…

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View EFM FD, John Devaney, sets up Irish subsidiary for Oyster IMS in Dublin, supporting their EU growth strategy

EFM FD, John Devaney, sets up Irish subsidiary for Oyster IMS in Dublin, supporting their EU growth strategy

Many congratulations to our EFM associate finance director, John Devaney, on your recent client feedback. About John… An experienced Finance Director whose career history is primarily in blue chip and global pharmaceutical industries but also in working with start-ups and SMEs. John has proven management skills including leading finance teams across four national subsidiaries of…

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View Four Reasons Successful Businesses Borrow Money

Four Reasons Successful Businesses Borrow Money

It’s common for a business to be in some form of debt and borrowing money to make money isn’t a new idea. Here are four reasons why borrowing money for business is not just a fact of business life but a smart choice. 1. Costs need to be paid  Every business needs some form of investment before it can begin trading. This could be something as…

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