Author name: cfoforgrowth

Financial Foundations

5 Strategies to Strengthen your Financial Foundations

If you own or manage a marketing or creative agency, you already know that tracking revenue alone isn’t enough. Too many agencies focus solely on hitting revenue goals but neglect the big picture, profitability and cash flow. These are the two key indicators of a healthy business. Financial success requires the right tools, clear systems […]

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Completing and end of year financial review.

An Agency Owners Guide to Completing a Financial Review

January often has that sense of a fresh start and a new beginning, it is the perfect time to take a step back, review the year just past and evaluate your agency’s financial health. Reviewing the past year isn’t just about closing the books, it’s about taking an opportunity to reflect on what’s worked, identify

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Strategies to encourage prompt payment

10 strategies to encourage prompt payment and improve cash flow

Late payments create unnecessary financial stress, there is no doubt about that, this is particularly true for small to medium-sized businesses and creative agencies. In our article below we would like to share some strategies to encourage prompt payment and help to improve agency cash flow. This survey conducted by SAGE in 2017 across 11

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Employers National Insurance Calculator

Employers National Insurance Calculator

In the UK budget on Wednesday 30 October 2024, where Chancellor Rachel Reeves outlined the first labour budget in 14 years, she announced an increase in national insurance payments for employers. Whilst this may have been a tactical move not to directly increase tax on individuals, there is no question that this decision will have

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Managing marketing agency cash flow.

7 Proven Strategies to Improve Marketing Agency Cash Flow

Poor cash flow is one of the biggest challenges that marketing and creative agencies face in today’s fast-paced business landscape. When we start to talk about agency cash flow with our clients, in its simplest form, we mean the movement of money coming in and out of the agency.  As part of understanding this process,

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The Autumn 2024 Budget

Autumn 2024 Budget: Key Takeaways for Business Owners

On Wednesday, 30 October, Chancellor Rachel Reeves set out the first Labour budget in 14 years and amongst weeks of speculation, gave clarity on the next steps for the economy. The Autumn 2024 Budget presents significant changes for businesses of all sizes across the UK, with the Chancellor increasing taxes by £40bn and borrowing to

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Culture of Financial Awareness in Your Agency

8 Steps to Creating an Agency-Wide Culture of Financial Awareness

Today’s business landscape continues to present many challenges. Cultivating financial literacy within your marketing agency should not just be for the C-suite anymore but should run throughout the whole organisation.  Creating a culture of financial awareness and transparency across the entire team can make the difference between thriving and surviving. Let’s dive into why this

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Financial Agency Marketing Agency Finances

Financial Reporting for Agency Owners: Your guide to success 

As a provider of outsourced finance department for agencies, we’ve seen it all. Time and again, we encounter agencies operating without clear financial visibility – their accounts are in disarray, and the only number they’re tracking is revenue. Even worse, many are basing decisions on inaccurate reports.  If this sounds familiar, you’re not alone. Whether you’re

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Financial Stability Virutal Finance Director

Key Strategies to Ensure Financial Stability of Your Agency

When running an agency, financial stability isn’t just a safety net—it’s the platform from which you launch your boldest ideas. While generating revenue and delivering knockout projects keeps your creative juices flowing, it’s the steady drum of profitability that ensures your agency’s longevity.   This guide isn’t about penny-pinching or playing it safe; it’s about

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