At Finance Cornerstone, we’re often asked what the purpose of a business operating system is and what type of companies need one. The short answer is: it’s a bible for how your business operates to achieve its goals – and EVERY ambitious business needs one. A business operating system is the practice of documenting your …
Unless you’re lucky enough to have the budget for a full-time finance director on your agency team, the chances are the role falls to you as a director. This may be OK in the early days, but if you’re too busy juggling numbers to spend time on your growth strategy, or you’ve reached the limit …
Why do digital agencies need a finance director? Read More »
We don’t need to tell you that there is huge opportunity for growth in the digital marketing industry. Practically every business that exists today needs a strategy to survive in the digital landscape, and very few have the in-house skills to do it alone. There are thousands of potential clients out there, but how do …
How to identify growth opportunities in your digital agency Read More »
Even the most successful digital agencies need a steady flow of short-term cash in order to pay staff, cover operational costs and invest in new opportunities. As a business owner, it’s essential to have a clear view of your finances to avoid cash flow issues, or you could risk the future of your digital agency. …
How to identify cash flow bottlenecks in your digital agency Read More »
You’ve established a successful digital marketing agency, you’ve been growing at a steady pace and building your client base – but you’ve hit a wall. Why? What is it that causes some digital marketing agencies to plateau, while other agencies continue to thrive? In our experience, in most agencies there is talent, ambition and drive. …
We all know the cash is king just now so I’ve decided to build a very basic cashflow excel template. If you’re a business owner you need to be able to see your cash position for the next 8-12 weeks so I’ve built this into the template. I’ll add more to this page shortly but …
I’m a HUGE fan of podcasts and I utilise them alot whilst travelling etc. I believe wholeheartedly in lifelong learning and try to take every opportunity to learn new things. Podcasts are big business these days with everyone from celebrities to academics jumping on this new trend. So to help you I’m curating a list …
For many small, entrepreneurial businesses that want to focus on growth, hiring an experienced Finance Director (FD) can seem out of reach. The average cost of an FD is over £100k per year and it just isn’t feasible for most small businesses to support a six-figure salary. The solution is to hire a part-time Finance Director. An experienced part-time FD …
