Tuesday, 30 March 2010
TODAY with TONY DOWN
Successful afternoon - Funding application for a clients new venture has been approved so one very happy client this evening. Next a meeting needs to be arranged with all the directors to agree the timetable for the next few months - exciting times!
Tomorrow I will be meeting a client to begin preparation of monthly management accounts. The budget for the next 12 months has already been prepared by the acting financial controller. It is important now to monitor actual performance against budget and analyse the variances - amending the remaining budget based on what has actually occured is all part of responsible planning - being ahead of the game.
Tony Down
RIPPLE EFFECT
Throw a stone into a pond and watch the ripple move outwards. The effect of the stone hitting the water causes a wider ripple. This is the approach that any business should take to medium and long term planning.
The actions that other individuals and orgainisations take within our market place, whether that be local or global, WILL have an effect on our business. For example; what will be the effect if a major employer moves their operation to where our custmers are? Alternatively, how will our customers be effected if a major employer closes their operation? Will our business be affected by a change in Government? If there is an increase in the rate of VAT and our customers are private individuals rather than other businesses then this will effect the selling price of our products or services.
Be in control - take a wide view of not just your business but of the environment around it and its stakeholders. For guidance and support with your business planning contact Tony, or a member of his team, at tony@gordon-down.co.uk or telephone +44 (0) 08450 347343
Monday, 29 March 2010
TODAY with TONY DOWN
I spent a pleasant morning driving to Aust. Met a new client who 'painted a picture' of the history of his business - with some interesting ideas for the future.
Spent the rest of this morning responding to requests from delegates who attended the business seminar that I led all last Thursday and Friday. Topics that were covered included; Management and systems -Planning, resources, quality, SWOT. The remainder of the two days focused on on finance; topics covered included budget profit and loss accounts, drawings/survival budget, cash flow projections, financial administration/bookkeeping. The next course is scheduled for 8th and 9th April.
Delegates have requested the cash flow template that I designed - Use of this template will enable owner/managers to plan their business finance AND to monitor their actual performance against their plans - ensuring that they are managing and being in control of their business.
This afternoon, I will be following up a funding application; also for a new business.
Tony Down
Friday, 26 March 2010
Services at GORDON DOWN & Co
Do you know what your projected income, costs and profit is for the next three months? What will be your cash/bank balance, or working capital? How long does it take your debtors to pay you, or, how much money is tied up in stock and how long does it take for your stock to turn to cash?
If the answer is; "I don't know" then, you are not in control of your business and you are relying only on luck to survive.
Get back in control of your business and be ahead of the game. Gordon Down & Company are Chartered Certified Accountants with a wealth of experience in training businesss owners and their teams to; plan, monitor, and, control their business. Contact Tony Down FCCA on tony@gordon-down.co.uk or telephone 08450 347343 for further advice.
Wednesday, 24 March 2010
Social Media Network
Welcome to Gordon Down & Co.
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Thank for visiting our blog and we look forward to interacting with you soon.
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