3 Oct

September’s Food4Thought – Systems & Processes

With the right processes in place you can build a business that delivers the work/life balance you set out to achieve….. September’s Food4Thought dinners were themed around systems and processes. If you want to build a business that is saleable and scalable, or one that runs without you so you’re free to take the time out you crave, robust systems and processes should be the first step. Around the table we discussed: What are the processes that can help to make your life easier as well as run your business? Tips and advice on how you can prioritise your time. The best ways to engage your staff in new processes. The importance of having the right team with shared values.   What business owners sometimes forget is that systems and processes run a business, but it’s people who run the systems and processes, so it’s important to have the right talent in your business. You can take a read here of the discussions we had around talent in our June...

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30 Aug

August’s Food4Thought – Finance

This month during Food4Thought we discussed the critical topic of finance. A number of key areas were discussed by the business owners around the table and we were able to offer both experience and advice: Getting paid on time – what to do and what not to do, how can you maintain relationships when chasing for debt How technology and can apps help manage finances Payment terms and what to do about them Access to funding and when is the right time to invest in your business Knowing your numbers, what to expect from your accountant and the benefits of having an outsourced FD As usual, there were lots of ideas and suggestions from around the dinner table on both nights that were held in Leeds these included recommendations made for credit control and debt recovery partners, as well as accountancy technology such as Xero which can save time and help to keep track of your numbers.   Some of the main tips included: Working with customers with shared values...

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