by Richard Wyatt | 8 Sep 2020 | Articles, Finance
In your firm do you suffer from: Not having a realistic and achievable business strategy? Weak financial operational skills? Late or inaccurate reporting? A lack of sufficient financial information? No focus on profit improvement? Cash flow struggles? Or more?...
by Richard Wyatt | 30 May 2020 | Articles, Finance
When business slows down or stops and the cash correspondingly also slows down, it is natural – and right – to reduce expenditure. The manager’s job is to manage, not be overtaken by events by failing to respond. Action should certainly be taken and some idea of the...
by Richard Wyatt | 28 May 2020 | Articles, Finance
Law firms have a problem. There are too many owners that want to retire and too few people that are interested in taking over their business or share of their business and paying them out, so that they can do so. If you are a partner or owner looking to retire soon,...
by Richard Wyatt | 28 May 2020 | Articles, Finance, Support
Over the last 20 years or so, a steady revolution has been taking place in the employment market, which has led to fewer firms employing full-time specialists to lead their business support roles. IT, HR, facilities, business development, accounting, procurement and...
by Kevin Goosman | 6 May 2020 | Articles, Finance, Implement, Review
Kevin Goosman, Associate at Baskerville Drummond Consulting Ltd, offers a perspective on the benefits of undertaking an independent IT review. It’s good practice to monitor and review all aspects of your business. But with IT change happening so quickly and technology...
by Richard Wyatt | 19 Apr 2020 | Articles, Finance
Take a step back. Take a deep breath. Look at your Balance Sheet and – most importantly – think. There is never a bad time to review a firm’s finances. The firm’s current financial situation, whatever that is, will keep moving and will always be more-or-less...
