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RESPONSIBILITIES OF COMPANY DIRECTORS:

The Companies Act 2006 outlined seven key reponsibilities of company directors. It is very important that all directors (including non-executives) fully understand the extent of their responsibilities, and are aware that failure to conform can result in the loss of their protection from personal liability.

Briefly the seven key responsibilities are as follows…

DEVELOPING A SALES CULTURE TO IMPROVE COMPANY PERFORMANCE:

“Culture is a little like dropping an Alka- Seltzer into a glass- you don’t see it, but somehow it does something” – Hans Magnus Enzensberger

It’s widely accepted that everyone within a company has an impact in some way or another on the customer experience. It therefore follows that all members of any organisation should be encouraged to understand and appreciate the impact their role can have on the customer, on sales, and thus the company’s financial performance…

NOW IS THE TIME TO MAXIMISE THE VALUE OF YOUR BUSINESS – NOT JUST BEFORE YOU SELL IT!

Too many businesses are sold for far less than their potential value

Furthermore, often a high percentage of the sale proceeds are withheld and only paid on an ‘earn-out’ basis, sometimes years after the sale – and long after the owner has lost control of the business…

FINANCIAL PLANNING – HINTS & TIPS

Why is Financial Planning Important ?

  • Helps you run your business more effectively

  • Speeds up decision making because you have a better understanding of all  the implications

  • Helps you avoid or minimise problems

  • Helps you demonstrate tight control to other stakeholders e.g. banks, shareholders

  • Helps you sleep ……………..!

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