It’s terribly important that a house is built on solid ground. The same applies to your organisation – however big or small. If you don’t get the foundations right, you’ll have trouble building on to them and the walls may come tumbling down.
One of the most important building blocks to consider is also the one most of us fear most, and really don’t want to think about – Finances. This includes bookkeeping, management accounts, payroll, tax, audit – the list is endless, and if you’re anything like me you’d much rather be getting on with the day job than worrying about the minutiae of recording financial transactions. For most of us it’s not until year end, or until something starts to go wrong that we begin to look at our foundations, and wonder if they are robust enough.