The fully funded Boost Bespoke Programme provides tailored support delivered by professionals who are experts in their field, to owners and managers of established businesses. The programme is designed to help them accelerate growth, develop their leadership team and access new markets. So grab a coffee and read about Jim Forshaw, a banking specialist and experienced finance director, working across a variety of sectors.
Helping owners manage the financial side of their business and developing the skills to utilise the information they have within the business to improve decision making and strategic planning for growth.
I concentrate on cash management, regularly reviewing their management information and installing systems which will assist in scaling the business up in a controlled manner.
By providing business owners with the tools to manage growth, it gives them the confidence to build a more robust model, which in turn creates sustainable long term opportunities for future employees.
Seeing younger people have the courage and confidence to start up a business always astounds and inspires me!
I don’t think the full effect of Covid-19 has been felt yet, so there are a number of challenges still to be met. Good practices, robust systems and disciplines that are instilled now will undoubtedly pay massive dividends going forward.
1. Ensure your processes are systems are scalable. 2. Monitor costs closely. 3. Use the information you have in your business to make critical decisions (i.e. pricing etc.). Jim Forshaw is director of HJL Business Services Ltd providing finance director assistance to SMEs. He has a background in banking in addition to being an experienced finance director, working across a variety of sectors.
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