Monthly Archives: May 2017

Where Can You Support Business Finance

Doug Richard’s recent report on business support in the UK highlighted that there are 3,000 government agencies and most of them simply direct people to other agencies. This can lead to a never ending cycle of being passed from pillar to post and having to explain yourself over and over again. So if you want help with your business finance, where can you go?

Here are the various options open to SMEs in the UK to help you decide the best route for you.

1. Your Bank

The high street banks (RBS, Barclays, HSBC, Lloyds) can certainly give you advice in terms of loans, overdrafts, invoice finance and they can also give you some guidance on developing cashflows and general business advice. Usually the advice is coming from staff who are well trained internally and have seen lots of businesses from the outside but may not have had the direct operational experience of running a business.

2. Your Accountant

Accountants come in many guises and it’s important that you understand whether you are dealing with an auditor (responsible for verifying your accounts after the year end), a tax advisor (helping you with Tax and VAT issues) or a firm helping with your bookkeeping, management reporting and accounts. Each of these has different specialist skills and you shouldn’t assume that just because someone helps you with your tax, they’ll also be giving you overall business advice. Equally, you’ll find that many firms from the big four (PWC, Deloitte, KPMG, E&Y) , the mid tier (Grant Thornton, BDO, Baker Tilley) and the fast growing newer firms (Tenon, Vantis, Target) can give you good specific advice on business finance issues. However, make sure that you have agreed this specifically in any engagement letter. Otherwise they might think they’re just keeping your books or auditing your company and you might think they’re advising you on how well your business is performing and highlighting any potential finance issues. The gap between these expectations has caused significant problems for many companies.

3. Your own FD or CFO

If you have your own finance staff then make sure you make the best use of them. It’s easy to dismiss the finance team as being too much in the detail and always taking a negative view but they are often highly experienced and well trained professionals who have a very good insight into your business. Listen to what they have to say and don’t just disregard their views because you prefer to hear all the good news that your sales director is telling you. A good FD or CFO will often have experience from other companies that they can bring to bear in your business.

4. Part Time FD Companies

These have been rapidly growing in popularity for SMEs and even some larger corporates and they can provide an excellent source of support and advice. They provide someone in your business on a part time basis who can guide you from their knowledge and experience in a way that’s particularly relevant to your business. When you can’t afford your own full time FD or CFO these companies (FD Solutions, Secantor, Marshall Keen, FDUK, MyFD) can all provide the support and guidance you require for your business finance in a manner that can be very beneficial for your business. Having an FD or CFO in your business, even on a part time basis can give your company a real boost and can give you a trusted advisor to turn to for advice on your company finances.

5. Government Agencies

As the Richards Review highlighted it can easily end up feeling like you’re chasing your tail when you deal with these agencies and sometimes the time and effort you put in can feel wasted when you don’t get anywhere. Business Link, which provides somewhat of a hub, has a variable reputation depending on your local region. Some of the Enterprise Hubs are more supportive and operations like Finance South East have built a good reputation for clear and relevant advice.

6. Corporate Finance Firms

There are many companies competing in the market to help you raise money for your company. These are businesses in their own right who are seeking to make a profit but that shouldn’t put you off. It means they are incentivised to help you succeed. Generally these firms do charge an upfront fee but most of them earn more of their fees from a back-end success component (a percentage of whatever is raised). Charges will range from £2k to £15k upfront and success fees are generally in the region of 5%, although they can go up to 20%. Beware of companies that either offer the service for free (on the basis that you generally get what you pay for) or that charge a very high upfront fee. There are also some who appear to guarantee an investment providing you pay for Due Diligence (DD). You end up paying £40k in advance and they find something in DD that prevents them investing (which they never really intended to do anyway). Make sure you understand and agreements before you enter into them.

7. Your Friends and Family

In reality, this is where many people go for initial advice. Now unless your friends and family happen to fall into any of the previous 6 categories, it’s likely that their advice may be somewhat questionable. If they’ve had actual experience of the same issues and they’ve resolved it then by all means listen to them. However, you should always think about the source of your advice. Where has their knowledge and experience come from?

The key lessons here are to consider where the information is coming fromFree Web Content, whether that information is based on real world experience and training and how relevant it is to your particular business.

Financial decisions corporations

Corporate finance is an area of finance dealing with the financial decisions corporations make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize corporate value while reducing the firm’s financial risks. Although it is in principle different from managerial finance which studies the financial decisions of all firms, rather than corporations alone, the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms.

The discipline can be divided into long-term and short-term decisions and techniques. This subject deals with the short-term balance of current assets and current liabilities; the focus here is on managing cash, inventories, and short-term borrowing and lending (such as the terms on credit extended to customers). Dynasty resources ongoing research into the characteristics of high-performance businesses indicates that these organizations have sophisticated capabilities in strategically important business functions including finance.

Corporate finance group China market entry deals with medium and large corporate clients and offers complete solutions to meet our clients’ financial requirements. Our expertise includes syndication and structuring of complex deals for our clients. Our corporate finance offerings assist CFO’s to better understand their organization’s finance function, improve efficiency and effectiveness with asset-powered solutions and align the finance function with the strategic objectives of the organizations, Dynasty resources leading practices and corporate finance offerings will help you on your journey to achieve high performance.

This article from Corporate finance the Investment FAQ discusses stocksArticle Search, specifically reverse mergers. Information and knowledge is your best tool whether you are seeking to go through the process of a reverse merger or whether you are looking for a good investment. IPO formations and public floats with full SEC compliance to enable a public float for your business.

Ways to Obtain an Online Finance Degree

The online finance degree is a very popular major, and because of this almost all of the online universities offer the online finance degree. In addition to this, the online finance degree is not only available in bachelors, but also in masters and in some cases PhD. So, no matter if you want just a bachelor’s online finance degree or want to get an online finance degree at ever level, the choice is totally yours.

Paying for your online finance degree is not as difficult as it ahs been in the past, either, because now you can get student loans and choose different payment plans for your online finance degree. Paying for your online finance degree has never been easier.

In addition to this, you will need to decide exactly what you are looking for in the university where you will obtain your online finance degree. The reason for this is because there are so many online university options that range in popularity, accreditation and cost, that you will need to find out which ones offer the best online finance degree for your budget.

Be sure, howeverArticle Submission, before you begin studying for your online finance degree that you know your university is accredited and has many successful graduates with their online finance degree.

Metrics for finance and why they are needed

Profitability is important to every businessman.  For this reason, they make sure that their finances are handled very well.  The last thing they want is for their businesses to get bad reputation, which is why they find ways to effectively manage their finances.  Among the things that companies do as a measure is hiring qualified individuals to do financial tasks.  Another effective move is implementing the right metrics for finance.Finance metrics are series of activities, mostly concerning finance, that are aimed at improving the growth of the company.  Take note though that finance metrics may not be limited to finance alone.  For instance, it can cover clients.  Customer service is not only for marketing or advertising employees, but it is also an utmost concern, even for finance people.  Metrics are usually referred to as a plan or program.  There are effective metrics, and there are failures as well.  To measure this, an analysis on the results of the implemented plan is required.When speaking of the financial aspect of a business, these may include details about market share, revenues, cost, and many others.

Thus, owners are challenged to come up with plans that would touch the different areas of finance.  There are three important things to consider when creating a plan – goal, implementation, and analysis.Members of a team assigned to create financial plans should determine the goals of their proposal.  Goals are necessary for they dictate the direction of the plan.   In finance, a common goal is to reduce cost.  Finance professionals are at all times looking into ways on how the company can minimize expenditures.  Doing so would normally result to increase in profit.On the implementation stage, a thorough discussion should be made.  All areas of the plan, from people to budget, must be taken into account.  It is also relevant that policies for the implementation of the plan should be reviewed.  Likewise, activities should be lined up in accordance with the goals of the plan.

The team must be able to identify problems that may be encountered along the way.   Likewise, ready solutions are needed.The important part of the process is the analysis.  Here, the effectiveness of the financial plan is being measured.  Goals are used as bases to determine whether the plan is successful or not.  Therefore, if the company is able to reduce cost then the plan can be qualified as effective.  Also in this stage, finance metrics are applied.  These metrics help assess both the good and bad points of the plan.  The nice thing about having metrics is that companies are given the chance to address lapses of the plan.Accepting the results derived from the finance metrics would also matter.  Companies differ in the way they react to results.  Some would take such as challenges while some may store these merely for statistics only and do nothing.  However, the appropriate thing to do is accept the challenge.  This means that companies should instead use the results to improve their performance.Most business owners, however, see the importance of using metrics for finance for their company’s growth.  Thus, they do not just ignore its results.  Oftentimes, they use these to implement changesArticle Submission, either in their operations or the organization itself.