Finance resources for business owners
Articles for SMEs
Discover leading insights from our fractional CFOs and finance experts at The Finance People. Use this advice to enhance your strategy, overcome common financial challenges within SMEs, or to better understand key areas of finance for business.
How to get the most from your fractional CFO
If you own a business, you know how important it is to have a financial expert on your team. However, not every company can afford to hire a full time Finance Director. That's where a part time FD comes in. Find out how to best utilise your new FD in this blog.
How to Plan Your Quarterly Budget
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.
5 Exit Strategies for SMEs
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.
Do you need a bookkeeper or an CFO?
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.
Top 5 Advantages of Hiring a Fractional CFO
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…
Debunking the Myths About the SME Finance Function
Small business finance function misconceptions are common and can lead to missed opportunities for growth. In this blog, we aim to debunk these myths and provide valuable insights into the SME finance function.
3 Steps to a Successful Business Exit
Without a clear exit plan, owners risk losing out on potential profits and leaving their employees and clients in a state of uncertainty.
How to Manage a Business Crisis
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
Customer Story: Join Talent's Organisational Transformation with The Finance People
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.
The Pros and Cons of Using AI in Finance
Artificial Intelligence (AI) is taking the world by storm, with many different industries utilising this technology to increase productivity and reduce costs. But how can AI be used in finance?
The Do's and Don'ts of Scaling Your Business
Scaling a business is a difficult but crucial step towards creating a successful business with longevity.
Hiring a CFO: How to Find the Right Person for the Job
Your CFO will have a huge impact on the way you run your business and how far you can go. They will look at everything from your cash flow to your profitability and your exit plan. They’ll even control your budgets between departments. Their role is a big one - so how can you ensure you hire the right person?
Customer Story: Anderman Ceramics
We spoke with our client Anderman Ceramics and their part-time Finance Director from The Finance People, Ray Harrison, to discuss how The Finance People helped save money, time and resource.
5 Reasons to Outsource Your Finance Functions
The demand to outsource finance functions is increasing in the UK across businesses of all sizes, allowing business owners to focus resources elsewhere. Take a look at what we mean by outsourcing finance functions and five reasons why it is a fantastic option for your business.
Why is a Risk Management Plan So Important?
How important is risk management for SMEs? If you’re not a large global corporation, it can be easy to convince yourself that you dont need to prepare for risk - what’s the worst that can happen? Well…
Do you need a finance manager or a financial controller?
The two titles sound similar and you may not be sure which role you need in your business. In this article we’ll explore the differences between the roles to help you understand who you might need to hire for your next steps. Read now.
Are You Harnessing the Power of Management Information?
Management information is powerful. It feeds into every part of your business, from sales to marketing, from HR to IT. Are you harnessing it to it’s fullest potential?
SME Finance Predictions for 2023
What will 2023 hold when it comes to our business finances? With a turbulent 2021 and 2022, it can be difficult to predict. Our CEO, Anita Tweats, explores 4 SME finances predictions for 2023.
How to Use a Recession to Your Business Advantage
We’re not doubting the difficult times ahead, but there are some silver-linings during a recession if you are bold enough to take the opportunity. Find out how to use a recession to your business advantage.
5 Ways a Recession Could Impact Your Business
As recession hits the world, how will it impact businesses, large and small? We’ll explore the different impacts of recession that many do not consider.
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