What can a GOOD Finance Director mean for your business?

Quite simply it can be the difference between success and failure for your business.

I am often amazed at some "entrepreneurs" who go into business with the hope and the expectation that everything will be OK but without a plan to back it up. They work so hard - often to the detriment of their family relationships but they end up going nowhere - and often backwards. What a shame as a GOOD FINANCE DIRECTOR could help enormously.

So what does a GOOD FINANCE DIRECTOR help you do? Here are 5 things to look out for.

1. Plan for profitable growth of your business (whatever your business horizons a Good FD should be able to help you see this and visualise it)
2. Set Key Performance Indicators around your profitable growth - this allows you the entrepreneur to not have to worry about all the nitty gritty but to easily pick up when things are wrong. KPI's buy you time to make more money.
3. Make sure the day to day / month to month stuff is right. This is helping you to control your business - you can't rely on your accountant to get this right as they are often wrong! You need control to grow. Without control which you can't take informed decisions.
4. Manage your service providers - what entrepreneur wants to deal with bankers/lawyers/accountants etc - quite simply they are often very dull and get in the way of you making money
5. Help you realise your dreams - At a strategic level it is all about you - the shareholder - a good FD should understand what you are trying to achieve and interact with you that facilitates this. This may be an exit in 5 years or the creation of more income or a legacy.

If you don't have an FD or your one is under performing then please give me a call on 07771 672673 and lets get your business moving in the right direction.