Finding and hiring a financial director should be a simple exercise for most Chief Executive Officers. Traditionally you would place an ad on LinkedIn, engage the services of a placement agency or approach trusted individuals and ask for recommended individuals. Whilst all of these methods may sometimes work with differing...
Ever considered outsourcing finance functions in your company? You are part of a growing number of business leaders moving in that direction. According to a study conducted by US-based research company Ovum, the number of finance and accounting projects worth more than 1 million dollars has increased over the past...
Financial forecasting is sometimes described as more art than science. In some ways it is attempting the impossible â projecting your businessâs success and failures; the threats it will face and how exactly these will affect your bottom line. Itâs a given that your projections will never be completely accurate,...
Financial planning for your company can be a virtual minefield to navigate. If you are importing goods, the fluctuations in the exchange rate and the volatility of the Rand can make you feel like you are on a constant roller coaster ride. Changes in employee taxation legislation or something as...
When businessman Lou Gerstner stepped into the role of chief executive officer at computer company IBM in 1993, the business was facing several major challenges. It suffered from low profits, struggling sales figures and an eroded brand identity. The company, which had once managed to ride the personal computing wave...
The South African economy is battling to reach its growth targets, which have been revised down from an original 3% to around 2% by most analysts. Disposable income has dropped over the past year. Interest rates have seen two hikes since January, with many anticipating a third. The country has...
All successful businesses grow. What started out as a two man operation can become an operation that ends up employing hundreds of people. Companies expand at varying rates, some have explosive growth early on and others expand at a very slow and steady rate. The question is âWho needs to oversee your business expansion strategy?â Expanding...
Having a business is one thing, but knowing whether or not it will sustain itself into the future. A good place to start is by doing a strategy audit of the business. In this blog, I provide the âgolden 8â elements that you should at least be looking at as...
The past decade has been the heyday of the outsourcing model. Big corporates have been scrambling to find the best â and cheapest â way to manage non-core functions, and this has often meant enlisting the services of an external IT service provider or a call centre in Asia. The...
