Businesses trying to cope with 9%-10% inflation face a difficult balancing act. For many there is a stark choice between potentially alienating customers by increasing prices too sharply or absorbing increased costs and risking their own survival. Staff shortages and […]
2021 ended with inflation sitting at 5.4%, but it may not have felt like that to you. Source: Office for National Statistics. You may have caught the food campaigner Jack Monroe on TV and radio interviews recently highlighting how the […]
So, what is 2022 likely to look like? Probably, what you forecast, then go out and make of it. The most important thing we know about the future is that it is unpredictable, so to plan for this we need […]
If your business goes through a tough period, it may be time to pivot your strategy. Necessity is the mother of all invention. Many firms have had to pivot their business strategy due to the current market conditions. In order […]
As the modern world has become fast paced and technology-driven, it is now more important than ever to have control of your business and to know what’s ahead. This is were Management Accounting comes into play.
Management accounting can be more than analysing production costs and profitability, it can be about budgeting and forecasting too. It can allow you to see what is on the horizon for your firm over the coming months, allowing you to […]
In today’s world, companies are discovering more ways to capture and analyse data. However, this activity is only useful if it can provide valuable data feedback, which the users can interpret and use to their advantage. In terms of information […]
Supporting your team through turbulent and stressful times. After dealing with the effects of the pandemic for over a year, many people are feeling isolated working from home, while others are struggling to manage family responsibilities alongside the demands of […]