We Help Businesses Grow Strong

Strategy vs Housekeeping

By Sydney Outsourced CFO Thomas Taylor

Some things have to get done - else they will come back to bite you later - but they won't necessarily grow a business. As an example, accounts depart ..

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Do you know where the day goes?

By Sydney Outsourced CFO Thomas Taylor

Time flies - but it can also sink you. So how do you better control it? Usually only people that bill by the hour use time sheets. I think a lot of other bus ..

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Who's Who in Your Business Zoo?

By Sydney Outsourced CFO Thomas Taylor

Most people only have a limited number of different tasks to perform each day. If they are delivering work for clients, their days look fairly similar week to week.  ..

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Beware the Budget Loch Ness Monster

By Sydney Outsourced CFO Thomas Taylor

In last week's blog entry I talked about how what might appear to be a lumpy business is more often just lumpy accounts and how dangerous that can be. It's a pr ..

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is Your Business Lumpy? Is it Going Downhill?

By Sydney Outsourced CFO Thomas Taylor

Is your business really lumpy? Or is it just the accounts? And if so, is it, beneath all that distortion, having problems? How do you find out? Most businesse ..

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Which Income Stream Is Making You Money?

By Sydney Outsourced CFO Thomas Taylor

We often recommend better management reporting, but also, the equally important, regular time put aside each month to review and interpret the results. This might ..

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No one eats just cake - have your cake on top

By Sydney Outsourced CFO Thomas Taylor

Do Not Only Eat Cake It's absolutely fine to put high-value, time-based, consulting work on top of your standard products. That suits bespoke and complex prob ..

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How to Do What You Love and What's Good For You

By Sydney Outsourced CFO Thomas Taylor

There is no end of advice out about how to be more productive, to get more things done in your day. But how often do you sit back and have a think ..

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Why You Don't Need Accounts Staff Anymore

By Sydney Outsourced CFO Thomas Taylor

If you have to spend money on compliance, try to get some value from it. Bookkeeping and tax definitely fall into that category. We often recommend that busines ..

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How Much Money Are You Really Making From SaaS Sales?

By Sydney Outsourced CFO Thomas Taylor

How do you know if you're making money from your SaaS sales? It's easy right? If you sell it for more than it costs you. Anyone that knows anything about Saa ..

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Living With Constant Disruption......

By Sydney Outsourced CFO Thomas Taylor

It wasn't that long ago that we were discussing the end of jobs for life. How we would need to retrain a few times during our working years. It seemed exciting b ..

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Managing the Cost of Client Acquisition

By Sydney Outsourced CFO Thomas Taylor

After the cost of delivering services, the cost of client acquisition is the most critical expense to control in your business but most people don't track what the to ..

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How Do I Know When Can I Employ Someone?

By Sydney Outsourced CFO Thomas Taylor

Anyone who runs a service business knows the feeling, a constant concern about balancing the amount of work on and knowing when you can employ someone. I ..

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Why You Should Bootstap For As Long as You Can

By Sydney Outsourced CFO Thomas Taylor

bootstrap ˈbuːtstrap/ verb gerund or present participle: bootstrapping 1. COMPUTING fuller form ..

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We're Dogfooding it - and it's Great

By Sydney Outsourced CFO Thomas Taylor

Eating your own dog food, also called dogfooding, is a slang term used to reference a scenario in which a company uses its own product to test and promote the p ..

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Maybe the Best Person for the Job is More than One Person

By Sydney Outsourced CFO Thomas Taylor

Hands up if you know how Hubspot works.... keep your hand up if you have the time to keep it humming along with the best marketing tactics and relevant content.  ..

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Charging by the Hour is Like Flipping Burgers

By Sydney Outsourced CFO Thomas Taylor

Charging by the hour is hard work. And any time you stop work, the income stops too. It's life on a treadmill. I think part the reason a lot of professio ..

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Get the Numbers Right Before You Throw Fuel on the Fire

By Sydney Outsourced CFO Thomas Taylor

The more time I spend working with growing businesses, the more I see that the biggest success factor is usually sales. It's stating the obvious but there is a bit mo ..

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Should you employ a junior first?

By Sydney Outsourced CFO Thomas Taylor

A question I'm asked all the time is "how do I know when I should employ someone". And that's usually easy enough to estimate, once you've done it a few times ..

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Are You Ready to Let Go of Timesheets?

By Sydney Outsourced CFO Thomas Taylor

Are you ready to let go of the edge of the pool? The traditional way of managing service firms, utilisation and charge-out rates, was fundamentally tryin ..

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How a CFO adds value to your business

By Sydney Outsourced CFO Thomas Taylor

Have you noticed that there seems to be a bunch of new Outsourced CFOs about? This is a great thing, I think there needs to be a lot more of us. That's  ..

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We Are Living Through the Transition to Post Industrialism

By Sydney Outsourced CFO Thomas Taylor

Economists in the twentieth century, from communist through to fascist, and everything in between, almost exclusively relied on labour cost (per hour) as the mai ..

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Is the Traditional Professional Services Model Dying?

By Sydney Outsourced CFO Thomas Taylor

These days smart professional services firms are leveraging bundled products and automation, not so much people. It used to be just people. For many decades  ..

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How to Survive A Christmas Cash Flow Problem

By Sydney Outsourced CFO Thomas Taylor

It's common for businesses to have problems with cash flow in January. Expenses seem to pile up in December and your clients are off on holidays in January when  ..

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Why Recurring Revenue Is So Valuable

By Sydney Outsourced CFO Thomas Taylor

A client once said to me that it's terribly hard to get out of bed on the first day of each month when you have to start from scratch to cover your mortgage.  ..

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Founders Need To Bring In The First $20M Of Sales

By Sydney Outsourced CFO Thomas Taylor

Are you tempted to employ a salesperson? These days business is changing away from sales-based organisations to where everyone is responsible for bringing in  ..

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The Right Way To Do A Cash Flow Forecast

By Sydney Outsourced CFO Thomas Taylor

A weekly cash flow forecast is one of the most important housekeeping tasks in your business. Many a business has failed because of poor cash flow management.  ..

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There's Gold In Them There Numbers

By Sydney Outsourced CFO Thomas Taylor

It doesn't matter if you want a high growth company or a better lifestyle business you have to make sure you're not leaving money on the table by regularly sorting th ..

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How to Tune Up Your Business for Performance and Efficiency

By Sydney Outsourced CFO Thomas Taylor

Today's SMEs are a bit like cars from the 1960s and 1970s. Back then car manufacturers had to add a lot of complexity and scale to extract performance, and that  ..

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What's Your Business Worth? Valuation is a Powerful Management Tool

By Sydney Outsourced CFO Thomas Taylor

Circumstances, along with the decisions you make every day in your business ultimately determine it's value. And for most people, the exit value of their busi ..

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