by Adina Luca | Jan 31, 2022 | Cost Management, Financial management, Management
You may be thinking you are too small to make sense of your numbers on budgets and forecast and financial management is not for you. Maybe when you grow bigger. But not yet. Aside from the fact that financial management is a pillar of growth, there are other reasons...
by Adina Luca | May 4, 2021 | Cost Management, Financial management
Every industry has specific profit drivers that determine the efficiency of delivery and impact how much is available for overhead budgeting. For Architecture and Interior Design companies, similarly to other creative industries, the main profit driver is the ability...
by Adina Luca | Nov 28, 2019 | Financial management, Management, Reporting
I am glad you asked. You see, big publicly traded companies must report their numbers in detail. It is a legal requirement. But behind the scenes, there is an army of people dissecting, summarising and reporting to the management to help them monitor the course and...
by Adina Luca | Nov 20, 2019 | Cost Management, Financial management
The whole point of a business is to make money to cover its costs, including your staff and yourself, and ideally something extra to be reinvested or given back to you, the owner(s). But that does not always happen, does it? Some years the revenues are not enough for...
by Adina Luca | Sep 20, 2019 | Financial management
September is here, things are still looking weird, so now it’s the time to switch to emergency short-termism. In other words, cashflow monitoring on a monthly basis. Whether or not you have done what we suggested previously, or you have a sensible income and expenses...
by Adina Luca | May 16, 2017 | Financial management
Here’s the scenario: you have a business in professional services and employ a number of people. You’ve been successful for a while and are still growing steadily. One of your employees has the role of ‘finance and admin manager’, and this person is someone you trust...
