Business tips

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Recently when talking with a fellow finance professional our conversation switched over to which martial arts style is best? Which is better, jujitsu, kung fu, karate, judo, krav maga, tae kwon do, or something like Mixed Martial Arts (MMA)? I’m not an expert in any of these, but having dabbled with a few of them […]

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Most people think that business involves decisions around selling more stuff or spending less money, and accountants would typically record the results of these types of activity in a profit and loss or net income statement, but is this enough to ensure enterprises achieve sustained profitable growth? Well intuitively this type of profit & loss mindset assumes […]

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One of the main truths we know in Finance is that income follows on from assets so long as an organisation is managing them well. I believe the same can be said for all the teams within organisations and in particular Finance, but as finance professionals in order to manage our assets so that they […]

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As accountants and finance professionals we’re expected to have great attention to detail and the numbers, in fact it’s a large part our training, but what if we’re paying attention to the wrong things and so limiting our ability to make a meaningful impact at work as well as holding us back from having a […]

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Over the years Finance professionals, whether having gone through business school or as part of their accounting training, have been taught and introduced to various economic concepts and mental models that if applied correctly can help create more value for our organisations and help them be more successful. These tools and models I refer to […]

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In a previous article I suggested that an effective vision, as much for finance professionals as the organisations we support, starts and ends with value creation for the relevant stakeholders, which is the only reason for any business to exist. Relevant stakeholders can be found in the 4Cs diagram and can be those customers, company owners, communities […]

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There’s an old saying: “Where there is no vision the people perish.” PROVERBS 29 VERSE 18 Which means that there’s two types of vision for finance professionals, there are those who have no vision and so are held back in their careers and struggling to make a meaningful impact with their organisations; and then there […]

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One of my favourite parables is that of the broken window fallacy which was first expressed by the French economist, Frederic Bastiat and it constantly reminds me in Finance whilst although we generally think about preventing things getting broken we sometimes have to step back and consider to multiple perspectives since breaking things might actually […]

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The Finance profession grew out of the need to preserve business value by recording transactions and safeguarding the value of company assets, nowadays our organisations are looking to us to not just preserve value, that’s a given, we’re now being asked to create value just to remain relevant and keep our seat at the table. […]

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There’s an old Irish song that warns of the prison ships lying empty in the bay and this serves as a precursor the importance of incentives and how Finance professionals can use them to our advantage to change organisational behaviour of even unscrupulous people. For instance during the 18th century when ship captains took on […]

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