How can a finance director help a business grow?
A finance director can turn growth ambitions into budgets, forecasts and measurable targets. That makes it easier to see what resources are required and whether the plan is financially sustainable.
Put some numbers behind the growth plan
A finance director can turn growth ambitions into budgets, forecasts and measurable targets. That makes it easier to see what resources are required and whether the plan is financially sustainable.
Protect margin and cash as you grow
Growth can hide deteriorating margins and consume working capital. Regular analysis helps identify whether additional sales are genuinely improving the business.
Make the bigger decisions with better information
Recruitment, pricing, investment and funding decisions can be tested with scenarios rather than relying on the current bank balance or an annual set of accounts.
Keep checking whether the plan is working
A good FD should challenge assumptions and compare actual results with the plan. That gives the owner an informed second view rather than simply somebody who agrees with the target.
Strategic Finance & Virtual FD
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