Many organisations will be facing severe financial pressures at the moment, even after taking into account the recent announcements such as the Job Retention Scheme and the Emergency Funding packages from the Arts Council. Here are three questions to help you think about whether your current ways of working financially are up to the job.…
We’re giving Susan a short breather while I pick up some of the non-financial implications of what is happening at the moment. I don’t know about you, but it seems to take a lot of effort to think straight at the moment. I have talked to several people recently who have likened the feeling to…
Today’s post is aimed at giving you some really practical advice based on Susan’s in-depth experience of managing the all important cashflow. For many, too many, organisations the focus for the next few months will be on survival and that means CASH IS QUEEN! Your cashflow forecast is your most important financial tool and you…
Here’s the second set of pointers based on what Susan has learnt from her extensive experience of working with a wide range of organisations facing financial difficulties: Think in terms of options and scenarios rather than trying to find one solution and then implementing it, come what may. You need to be able to adapt…
I am really delighted to be teaming up with Susan Royce to share some guidance, pointers and general support over the coming weeks. We have both been through various downturns and a recession but the current situation is unprecedented and we feel that the more we can share and work together the better. Over the…
At the end of 2019 my great friend and colleague, Susan Royce, and I started working with Arts Council England on some guidance for managing financial difficulties. Sad to say we had no idea how prescient such guidance was to become. The documents are being finalised and will be published shortly through the support of…