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30 July 2008

Comments

As the recession struck in the UK the demand for part time Finance Directors seemed to fall away which surprised me.

I guess that small businesses were seeing that it was better to hold on to cash than to invest it in improved finance systems and performance information.

While I can understand it, I am not sure that it is completely sensible.

When a business is in trouble it needs more financial input into the decisions and more information on which to base those decisions.

If we really are coming out of the recession, then it becomes even more important to have strong financial control (with a part time finance director).

Growth puts pressure on cash flow because of the need to fund debtors and extra stocks together with an extra equipment needed.

Low profit growth is particularly dangerous for businesses already in a weakened state.

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