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Andi Lonnen Business Associates
- Portfolio Finance Director business and financial
Ready for Growth? A Checklist for FDs/CFOs of High Potential - - PowerPoint PPT Presentation
Ready for Growth? A Checklist for FDs/CFOs of High Potential - - PowerPoint PPT Presentation
Ready for Growth? A Checklist for FDs/CFOs of High Potential Businesses By Andi Lonnen Andi Lonnen Business Associates Portfolio Finance Director business and financial training and coaching consultancy providing: Business finance
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Business Plan
- Plan your way to successful growth
–Strategy (shape your future) –Structure (right people in right positions) –Skills development (performance, gaps,
training)
–Systems (processes, procedures, automation)
- Monitor performance against plan – corrective
action where needed
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Focus on CASH
- Easy to run out during growth
- Tied up in debtors & stock, need to pay
creditors
- Improve cash position, e.g.
– Robust cash forecast – Working capital management – Deposits, payments in advance, etc. – Invoice factoring, discounting, etc. – Appropriate funding
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Get the Basics Right
- Accurate, timely & relevant management
information
- Strong focus on cash & working capital
management
- Control costs
- Monitor performance & most profitable areas
- Robust controls, systems & procedures
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Skillset of (aspiring) FDs/CFOs
- In addition to financial skills to grow business:
–Strong communication skills –Ability to positively influence –Listen & understand –Professional image/gravitas –Commercial skills
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Potential Sources of Finance
- Beyond own bank – alternative sources of
business loans
- Private equity, venture capital, angel investors
- Crowd-funding
- Invoice factoring & discounting
- Grants
- Asset based lending, property finance
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Thank you!
- Thank you for listening
Contact Details:
- Email: andi@andilonnen.co.uk
- Web: www.andilonnen.co.uk
- Twitter: @AndiLonnen
- Telephone: 00 44 (0)7921 252758
- Skype: Andil3012