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My name is Lyanne and I’m the managing director of Wilds. Welcome to our website we’re so glad you found us. There’s lots to take in on here but if you have any questions just fill in the contact form and we’ll get back to you.

Here at Wilds we’re all about helping you to achieve your ambitions. The Wilds team have already achieved some of theirs: completing a 6 marathon challenge, being able to do the school run and getting more involved in charity work. But enough about us we’d like to get to know you so if you would like to come in for a coffee and a chat to see if we could help you please get in touch.

 

Financial Management skills are a must for business owners

The next key skill that business owners need is financial management.

Too many businesses are dependent on an overdraft or their own money to fund long term growth. Even if they have a strategic plan and good management they are unlikely to achieve their objectives unless they have long term funding to support their objectives.

There are several reasons a business may need finance:

  1. Start up
  2. Working capital
  3. Growth
  4. Asset purchase
  5. Management Buy-Outs

Types of finance commercially available

  • Overdraft
  • Loan
  • Invoice Finance
  • Asset finance
  • Trade Finance
  • Peer to Peer lending

Finance is probably the one thing that is ever present in the mind of the business owners. From start up to maturity, financial management is an essential business skill.

Financial management can take many forms – breakeven point, cashflow, monthly management accounts, reporting on key performance indicators (kpi), projections.

Each of these has its own use.  Breakeven point and cashflow are essential pieces of information for business especially in times of growth. The management accounts will help you to make good day to day decisions if they are produced regularly in a timely manner.  The kpi reporting will tell you about the underlying business performance and the projections will help you to see where you are up to against your strategy.

Businesses that go on to flourish have a long-term financial strategy. They’ve got the right type of finance to support the growth they want and the correct reporting to make sure they stay on track.

If this is not your natural area of expertise and you need some help please contact us on 0161 723 3211 or visit www.wildsca.com

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