Business Continuity Planning: We Must Plan to Succeed, Not Plan to Falter
Looking back, I would be surprised if there are many businesses that believe they were sufficiently well planned for the COVID-19 pandemic. While ‘Business Management and Economics in a Pandemic’ was not an elective I remember studying at University or in the Chartered Accountancy program (I will admit it was a few years ago so […]
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Strategic Planning and Why It’s Important
In a COVID-19 world, your business’s ability to be adaptive and responsive to a changing market is key to your business thriving and not just surviving. The process of adapting and responding to change is strategic planning. This is an ongoing process which enables change to occur when required and is flexible, so as your […]
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Debtor Management Now More Important Than Ever
Debtor management has always been important… but it’s about to become even more important than ever. Debtor or receivable management has always been central to the effective cash flow of any business. Without an effective debtor management system, even the most profitable businesses can quickly find themselves in a vulnerable position. This has been as […]
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Take Action, Make a Plan… a Financial Action Plan
Are concerns about your businesses cash flow keeping you awake at night? Are you unsure how many items, widgets, covers, appointments you need to sell so you can cover your costs? A financial action plan can help in uncovering the answers. Now more than ever understanding the cash flow requirements of your business is critical. […]
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Learnings from COVID …an Advisor’s Perspective
In a time of crisis, clear, concise & proactive communication creates calm. This was the message we reinforced to our team when the number of COVID-19 cases kept rising throughout March 2020 and the situation intensified. On Monday 16 March, we sat down together as a leadership group and enacted our continuity plan on how […]
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info@lambourne.com.au