The Leaky Bucket
The Leaky Bucket
Ian Morgan
Why Investing in Your Finance Function is Critical for Business Success
14 minutes Posted Sep 30, 2024 at 2:00 pm.
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Show notes
In this episode, we explore the critical importance of investing in your finance function and how it can make or break your business. We discuss why allocating 1.5-2.5% of your turnover to financial management—including bookkeeping, reporting, cash flow, and tax compliance—can significantly impact growth and profitability. Through real-world examples from businesses that faced major financial challenges due to underfunding their finance departments, we illustrate the tangible be...