Leading business magazine Forbes recently conceded: ‘A dollar gained in revenue is a very good thing …but remember, only a small portion reaches earnings. A dollar saved from cost, however, goes directly to the bottom line. So while focusing on the top-line, don’t forget to engage in a systematic approach to governing costs as a [...]
The Charities Aid Foundation (CAF) published the results of a poll in early December where one in six charities believe they may face closure in the coming year amid public spending cutbacks and falling donations from the public. Small and Medium sized charities seem to have been affected the worst, deficits for 2011 reaching £300m against [...]
I’ve just been reading a report published by FinancialDirector and AccountancyAge of the results of a survey carried out by British Gas Business of 200 Finance Directors. The survey was designed to obtain an understanding of the twin issues of energy use and cost and how this would affect businesses in 2011. When asked to rate their [...]
A last minute drop out has presented me with an opportunity to present a seminar session at the Care Show Exhibition in Birmingham on the 11th of November. http://www.careshow.co.uk/birmingham/ Auditel currently provide Cost Management services to 112 clients in the Care and Residential sector. The subject of my session is “Protecting Profit by Managing Cost” [...]
One of the more unexpected results of yesterdays government spending review is the news that the funds raised by the CRC will now go to government directly and not to the participating organisations that reduce their Carbon usage the most! More reason than ever for large ‘carbon’ users to reduce their consumption. The following short [...]
During a Chamber of Commerce meeting I attended yesterday 3 local charities all spoke about the challenges they face in meeting their donation targets this year due to the recession. In one case £4.7M. Also this week. Dame Suzi Leather, Chair of the Charity Commission for England and Wales, has called on finance professionals to [...]
Now in their 15th year, Auditel, the UK’s leading franchised network of cost and purchase management specialists, have been chosen by yet another Chamber of Commerce as their approved supplier to provide their services to the membership. Doncaster Chamber of commerce, seeking to find ways and means of easing the damage caused by the recession, [...]
To rise to the challenge of the recession, Business Owners, Directors and Managers will seek to focus their attention on effective cash flow management and forecasting, maintaining profit margins, looking for ways to spread business risk and managing costs. This represents a significant challenge in the best of times and, just as resource and experience [...]