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Strategic Management – A Simple Guide

Strategic Management – A Simple Guide

David King, country leader of the East Coast, is a Newcastle-based CFO with extensive experience in a variety of industries, including manufacturing, industrial, property and professional services. Here at The CFO Centre, we interviewed David and decided to question his knowledge on Strategic Management…

What is the definition of “Strategic Management”?

It’s a process that allows the business owner or manager to clarify their purpose,

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Cash Flow Management; Cash is King.

Cash Flow Management; Cash is King.

Nick Crawford, Regional Director and Chief Financial Officer in Sydney, is qualified as a chartered accountant with extensive experience as a CFO in multiple different sectors. With over 20years’ experience as a CFO, we at The CFO Centre decided to question his knowledge on cash flow management.

What is the definition of Cash Flow?

There are two ways of looking at cash flow;

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“Portfolio working allows me to keep close to the business I founded, whilst supporting other entrepreneurs

Chris Willford, portfolio FD at The FD Centre in the Thames Valley
(part of the CFO Centre Group)

“Portfolio working allows me to keep close to the business I founded, whilst supporting other entrepreneurs and doing the things I love.”

Chris Willford joined the FD Centre back in 2016 after over 30 years working in FTSE 100 companies and the creation of a successful software business.

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Top 9 Advantages of a Part-Time CFO

Top 9 Advantages of a Part-Time CFO

The quicker you want your company to achieve its goals, the sooner you should consider hiring a part-time CFO.

That’s because a part-time CFO will provide your company with the high-level financial expertise necessary to scale up (things you and your team may not even be aware you need), for a fraction of the cost of a full-time CFO.

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Where to Find the Cash You Need

Where to Find the Cash You Need

A lack of cash can not only stall your company’s growth but also place its very existence under threat.

It doesn’t matter how profitable the business may be; cash flow problems can place it under severe pressure, according to the CFO Centre’s Chairman Colin Mills in his book ‘Scaling Up How to Take Your Business to the Next Level Without Losing Control and Running Out of Cash’.

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How to Avoid Sleeping Like a Baby (And Why You Should)

How to Avoid Sleeping Like a Baby (And Why You Should)

Babies, as any hollow-eyed new parent will tell you, often sleep for just a few hours at a time which is why ‘sleeping like a baby’ is a practice best avoided if you have a growing business to run and need to be on top of your game during working hours.

Instead, sleep experts recommend you look for ways to get between seven and nine unbroken hours of night-time sleep.

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Santa: Why I Was Ghosted by Elon Musk & Faced an AI-Inspired Rebellion

Guest Blog from Santa 

Santa: Why I Was Ghosted by Elon Musk & Faced an AI-Inspired Rebellion

Phew, just back from a sleigh test flight and nearly had a collision with one of those Space X rockets as it plunged to Earth!

Talking of Elon Musk, my offhand comment back in August  about the high cost of keeping my reindeers in shape resulted in a flurry of late-night tweets from the boss of Tesla.

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Why and How You Should Scale Up Your Business

Why and How You Should Scale Up Your Business

If you consider what sets companies like eBay, Alibaba, Netflix, Google, Starbucks, Apple, Cisco and Dell apart from other companies, their ability to continuously innovate and create high growth will probably come high on your list.

So should the fact they’ve all successfully transitioned from start up to scale up status without losing their ability to be dynamic and entrepreneurial.

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8 Guaranteed Profit Drivers for WA Legal firms – Part 3

8 Guaranteed Profit Drivers for WA Legal firms

Over the last 2 weeks we have explored these 4 Profit Drivers;

Keeping Costs as Low as Possible
Highly Structured and Efficient Billing and Debt Collection
Marketing and Business Development Activities
Strong Cashflow Management

This week – let’s look at;

Retaining Quality Staff
Strong Financial Management

RETAINING QUALITY STAFF 

In an ideal world, you would like to have the best quality staff all around in every dept in your practice.

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8 Guaranteed Profit Drivers for WA Legal firms – Part 2

Last week we explored

Keeping Costs as Low as Possible
Highly Structured and Efficient Billing and Debt Collection

This week let’s look at

Marketing and Business Development Activities
Strong Cashflow Management

MARKETING AND BUSINESS DEVELOPMENT ACTIVITIES

Generally, this function is considered a soft skill – and not something you may consider a “finance” area of focus. But as you know every area of business has some impact on the money,

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