This blog , although based on a report from the Charity Commission makes points equally valuable to both charities and SME's. The Commission recently reviewed ten charities who showed signs of being "at risk of financial distress". Five of the charities had an "emphasis of matter" in their auditors report whilst 5 others had one or more of the following risk factors:-
Having set up my own consultancy as of 1st August last year and my website on 1st May this year, one of my biggest worries was how to get my name out there with a limited (in fact non-existent) advertising budget? Everyone told me I had to blog if I couldn't afford the extra costs of Google ads or something similar. My first worry was whether or not I would have anything to say to my target audience but in fact I have learned that people want information in easily digestible chunks that is relevant to their organisation.
I attended a seminar last Saturday and the speaker referred to her experience as a former head teacher and a government schools inspector which she now used in her new role as a resource for local schools in her area. Each school pays in to a central pot which gives them access to a resource on an as needed basis whether for help with improving say specific provision in a curriculum area or for the head teacher to either assist with improving school provision or with ideas to develop the school for the benefit of the pupils. What they get is someone who knows what they are going through; whether from having done the job as a head teacher or knowing what the education authorities are trying to achieve from their time as an Inspector. The schools call it "Additional Management Resource and it is proving to be a great success. A practical solution to a practical problem