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 »
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 »
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 …
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 …
It’s fair to say that managing employee expenses in ANY business can become very time-consuming very quickly! At Finance Cornerstone we’re huge supporters of giving employees autonomy and accountability and that even extends to expenses. We’ve been fans of PLEO since the very start as it’s a great way of distributing the monotony of receipts and expenses …
Especially at times like these, one of the biggest challenges businesses face is keeping track of their finances and maintaining cashflow. It’s an issue every business from the smallest start-up to the largest corporation has to deal with. Lack of funds at important moments not only stunt your ability to grow it can put your …
