There's a common perception that bigger is ALWAYS better, but I disagree.
It really is all about how you use it.
*cough cough*
No not like that you dirty bugger!
The finance department.
How you USE the finance department.
So question for you…
Does your finance department leave you feeling satisfied? 😉
The finance department isn't a revenue generating team so to get the best ROI you need to keep it lean.
Therefore throwing headcount at it and hiring a:
→ Finance Director at £70k,
→ Finance Manager at £35k & a
→ Bookkeeper at £25k
May look impressive in size, really is total overkill when it comes to satisfying your agencies financial needs.
What do I mean?
👉Expensive. An internal team could cost you around £140k, plus national insurance, pensions and training.
👉Inflexible. An in-house team can’t quickly scale up or down, plus you have to hire multiple roles to get the varied expertise in.
👉Underutilised. Those are some serious skillz you’ve just hired. Are they going to have enough to do? How will they progress?
👉Difficult to let go. Once you’ve hired your finance team you can’t just fire them if you get quiet. They’re a long term commitment.
On the other hand, only having an external accountant at £2k per year will leave you feeling dissatisfied, lonely and wanting more.
So what am I suggesting your finance department looks like?
All of the combined expertise of the internal team, plus your accountant, combined into one flexible outsourced powerhouse at a fraction of the cost.
Our small but mighty team overdelivers and helps your agency have:
👉Healthy profit margins. Every. Single. Month.
👉Confidence in your cash flow. Never worry about making payroll again.
👉A 12 month achievable and actionable financial plan so you can achieve your dreams.
👉Creative headspace so you can work inside your zone of genius.
Proof that bigger ain’t better babyyyyyy. 😉
PS - Think of the extra creatives you could hire with those smashing savings. Kerrrching.
PPS - If you’d like a finance team who knows how to maximise their ROI, despite being on the smaller end DM me “PARTY SAUSAGE”. 🌭
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