So we have been asked by a few people now "what is the big hype around this book launch?", "why are you involved?" and "what is so unique about Carl's perspective on governance?". We thought we would get a few people you might know of to answer that questions for...
They don’t pick up the universal flack that lawyers and politicians do, but accountants certainly enjoy their share of bad rap when it comes to generalizations about the profession. If you’ve decided to hire a finance executive, you’ve probably got a set of expectations in your mind about the kind...
Financial planning is a “key component” of managing and driving business performance, and yet it “continues to be of limited value and mired with conservatism” for many companies. This is according to global auditing firm PwC. In its report Financial Planning: realising the value of budgeting and forecasting, PwC mentions some...
There is often talk about the role of stakeholders in business success, and the role of the board in ensuring stakeholders are engaged. Why is this? and who are your stakeholders anyhow? Well here is an extract from Carl Bates' new book, Traversing the Avalanche, on who stakeholders are and why they are...
It will be wrong for me to assume that all businesses are the same and allow me to share with you a practical way to implement a business turnaround strategy. The concept of business turnarounds are not new and the latest provision of the Companies Act give confidence to companies...
In its simplest form, cash flow is the movement of money in and out of your business. It could be described as the process by which your business uses cash to generate goods or services for the sale to your customers , collects the cash from these sales and then...
Following our blog last week about the up-coming book launch of Traversing the Avalanche, we had a couple of emails asking about the author. If you have not heard of Carl Bates, he is someone you should know! Here is a little about the author: Carl Bates BBS Hons (Accountancy), GradDipBS, CA, MInstD...
“A goal without a plan is just a wish”. It’s believed that French author Antoine de Saint-Exupery first coined the phrase, but it could just as easily have been said by any successful entrepreneur. The US Small Business Administration describes a business plan as an “essential roadmap for business success.”...
If you were to do business in an ideal world, you'd probably like to have a cash inflow (a cash sale) occur every time you experience a cash outflow (pay an expense). But we all know too well that business takes place in the real world, and things just don't...
