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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...
âA goal without a plan is just a wishâ. Itâs 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 âessential roadmap for business success.â...
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...
âStrategyâ is a term that can be confusing and, in some cases, may even strike fear into the minds of SME shareholder-managers and even non-executive and independent directors alike. A strategy is simply a series of manoeuvres designed to achieve a specific business outcome or goal. It is the set...
So, youâve got an exciting new venture on the go, and someone has suggested you take on a project accountant to help ensure things run smoothly. But now youâre left asking the question: what exactly does a project accountant do? Well, there are a few clues in the name. A project...
One of the most challenging things that a company seeking strategy advise has to do, is to get to grips in really understanding what some of the bare bone essentials are in choosing a strategy consultant. You thought launching rockets was easy! You have not yet met some of the strategy...
