Credit control can be a topic that causes stress for small and large businesses alike, and more importantly the business owner. Remember, a sale is a waste of valuable business resource until the cash is collected. Improving credit control is the easiest way any company can access “new” finance. A good credit controller has competencies…
Business finance is typically discussed in terms of finding sufficient funding for the trading entity. However, for the great majority of New and Growing Companies (NGCs), the personal financial outlook for the ownership team is deeply entwined with the company – and it’s often where barriers to success arise. Business Growth and Funding Requirements For…
SECTOR: Membership Organisation; not-for-profit; £20m turnover CONCERN: The organisation had a business plan, but performance was not monitored, particularly when it was upgrading its premises. All managers were struggling to understand the management accounts and more importantly, monitor their performance in line with the business plan. BACKGROUND: A membership organisation, steeped in history and…
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