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What our clients say:
“ We can safely leave everything to Insight without having to worry. It's like having in-house financial employees. They make us feel like they're part of the business.”
Chief Financial Officer
US Print & Barcoding Specialist
“ Discovering what an accountant should do for the company was a complete eye opener and has made my life calmer and easier.”
Successful business leaders have all the information they need to make good decisions…Do You?
Monday, October 18, 2010
In Mike's words "The main reason for a company failure is their running out of cash, and every financial expert I have met bemoans the entrepreneurs’ reluctance to address the problem earlier in the process, as simple steps could have been taken to avoid later catastrophe" ... this is so true!
Time and time again we get involved with businesses that have a sound underlying proposition, but are facing crisis because they have not managed their cash properly. What is more, it is not just something you do when it is a problem, every business no matter at what stage it is, how big or small, how strong or weak, should always manage it's cash as if it will all run out tomorrow.
Mike goes on to say about why business owners are so bad at cash management ... "This is a combination of the entrepreneurs' over-confidence and their blind faith that something will turn up, like Mr Micawber in David Copperfield. Just as many successful entrepreneurs are dyslexics, many also have a similar blind spot with regard to money". Yet isn't the main reason why everyone goes into business to make the stuff?
The solution is to have someone constantly focused on it, and accept that the business leader or Entrepreneur is probably never really going to get their head round it. The problem is the best person to do this is often not the "bookkeeper" or an administrator in their spare time. It needs someone who will really take responsibility for it and manage it, not just let it happen!
If you are concerned about the cash in your business (and you should be!), then get in touch and we can send you our Top Tips sheet!
Sunday, October 10, 2010
You often believe you know and understand what clients think of you especially when you work as closely as we do, but you cannot beat actually asking the question! The research has given us some very useful insights (excuse the pun!) which will help guide us on how we develop our services and the things which our clients perceive are important.
Another very positive thing to come out of the exercise was the following very pleasing comments:
What our clients say about...trusting us to manage their business’s money