Always adding financial management value
Good financial management is as must for every business but it's often ignored and overlooked simply because it's misunderstood. In this blog archive Essex FD Garry Mumford simplifies all things financial and shares with us a lifetime of practical financial business advice.
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Don't believe these 3 myths
I've discovered some of the things I believed for many years are absolutely untrue! Here's 3 beliefs that company owners commonly hold that are untrue.
89% of these companies have failed
No company is too big to fail. Responsible business leaders are always very focussed on risk. They never take their success or their survival for granted.
Don't copy the competition
Joe, I have a secret to tell you. “You’re trying to match your pricing to your competitors’ pricing. Meanwhile, your competitors are BROKE! So why copy them?”
Swiss army knife vs kitchen knife
A new company needs Swiss Army Knife people who do a little bit of everything. Larger companies need a bunch of kitchen knife people who do one thing very well.
Start playing defence in your business
When it comes to planning your financial future, it’s time to start prioritising defence over offence.
I was wrong about this (kind of)
Are companies going to regret their massive jumps in price? And if you’re thinking about raising your prices, how should you go about it?
What you can learn about finance from the Tudors
I’m often shocked at how difficult it is to uncover exactly what’s gone on with their finances. Too many companies lose essential accounting documents.
These are your REAL competitors. (Not who you expect)
There are three factors to consider when deciding on a new pricing structure Your own costs, Your customers and your competition.
The weird secret to Walt Disney’s success
"If it hadn't been for my big brother, I swear I'd have been in jail several times for cheques bouncing,” Walt Disney once confessed...
One small problem with my electric car
Understanding the biggest threats to your business must be your #1 financial priority in this rocky economic environment.
Pricing is not a maths problem. It’s a judgement problem
Pricing is a 3 piece puzzle involving your customers, your own costs and your competition...
Resilience Again
It’s virtually impossible to take an enormous country like Russia out of the world’s economic system without a very dramatic economic impact on the rest of us.For information on Insight Associates accounts, FD and financial management services call us on 01279 647447 or Email Us