SME owners, for too long now, have accepted basic financial updates from their bookkeepers and accountants that provide only a fraction of the useful information about the performance of their business that is created daily. Usually such 'reports' are delivered well after the transactions that generated the numbers have occurred - so the owner has no chance of determining whether the figures are indicative of progress towards planned targets or symptomatic of operational problems just after the events - e.g. jobs completed, sales generated or materials purchased - have taken place. The omnipresent uncertainty about future trading conditions resulting from the credit-crunch, and now the double-dip recession, is demanding that forward-thinking SME owners have a good UP TO DATE understanding of how well the business is making progress towards its targets - be they growing profitability, income stability or just being able to 'ride out the storm' until market conditions take a turn for the better.
Providing accurate and reliable management information to small business owners - in a format that both answers the owner's questions about performance and makes it easy to pinpoint the key areas for action - is the prime focus of 8020 Financial Management. We know that generalised quarterly management accounts are no longer sufficient to help you monitor all the many activities that you have to control and improve to keep the enterprise moving forward. That's why we can offer an outsourced, part-time financial management service to SME owners that meets their need for information at a price which the business can budget for effectively.
To find out if we can help you to understand the dynamics of your business better - by having timely access to the management information that your actions are constantly generating - get in touch with 8020 Financial Management. You'll find more about me and the ways I can work alongside you to help you (re-)engage with your business on a new level at www.canmore.co or e-mail me directly at rory@canmore.co The first discussion is free and without obligation, but we may find a way of making working for yourself fun again!
