Why every business should have a Part Time FD!!

It seems to me that business owners often think that their high street accountant is a business guru of some description who should be trusted with their most sensitive financial information and knows how to run a fantastic business.

The reality is that high street accountants are often average business men that "fell" into the profession after realising that there was little hope for them out in the real commercial world. These guys have never run "real businesses" and that is the issue. Don't get me wrong there are some good ones out there - but how often do they ever given great quality commercial advice? The point is that other than a bit of taxation structuring (and most of them are not very good at that!) it is a compliance service and a compliance service only that they should be used for.

To get quality Finance input - i.e. to make you more profit and get more cash in your bank - every business needs a quality go to person as their FD. A quality FD will more than pay for himself by helping steer the MD along the route of quality profitable business (i.e. making more Gross Profit!) and keeping Overheads down (the difference between Gross Profit and Net Profit!)

So if you are sitting there and you don't know the difference between Gross Profit and Net Profit and worse still your accountant hasn't explained this to you then be scared....be very scared... and then pick up the phone and call Yellow Brick Road (08447 706320).

Quality FD skill is available at a fraction of the cost of full time resource so why not bring one into your business for one day a month to see what they can do for you! www.yellowbrickroadconsulting.co.uk