At Avonglen we work with many businesses that benefit from professional accountancy services and we are proud to work alongside and collaborate with many of these excellent firms. It’s clear to us that many small and medium sized businesses are missing strategic financial support which can be vital in steering the direction of the business and setting long term goals and objectives. However, not all of these ambitious businesses want the cost or commitment of a full time Finance Director and don’t realise that this kind of advice is available on a flexible and part-time basis.
For business owners it’s important not to wait until they need to make a vital change to realise the importance of long-term financial projections and forecasting. In-depth reporting that a good Finance Director provides will identify scope for growth and ensure business development and cash flow are planned for and well executed. This is even more critical in these challenging times.
Business owners set up their businesses to do what they love but end up trying to be financial experts. However, getting skilled financial advice can protect the business and give peace of mind.
The Finance Director, even on a part-time basis, needs to be an integral part of the leadership team to understand and analyse the business and implement initiatives that could increase the profit margins, help achieve the leadership team’s ambitions and secure the business’s long -term viability.
All finance roles are important to help business owners make the most of their business. But the key role of a Finance Director, with many years of experience working within businesses, is entirely different from that of the traditional accounting practice.