Tools and Techniques: Accounting, Finance and Strategic Planning in Post-COVID times

The latest episode of the Recruitment Leadership Podcast is here, and this time we're exploring the importance of financial mastery and strategic planning in your recruitment business.

 

Your host Alison Humphries is joined by chartered accountant John Oddy, owner and Managing Partner of Ascentis LLP, for an episode packed with practical insight, explanation and advice. 

 

The current crisis has laid bare the importance of having the right tools and techniques in place. We're exploring the ones that recruitment business leaders really need, to get through the time of lockdown and the greatly different trading conditions we’re currently facing. 

 

Having a solid grasp of your recruitment business' finances has become a necessity. John is here to guide you through what exactly you need to be aware of and how you can utilise this information to make strategic business decisions, ensuring your agency can not only persist but prosper too.

 

Topics covered in the episode include:

• How to align personal values with business goals using DiSC profiles
• Key recommendations for business owners who are in start-up mode
• Why you should have a business plan in place - even if things may not go as anticipated
• What lenders and buyers look for in a recruitment business
• The questions you should be asking your accounting partner and how to get the most value out of them

 

Timestamped Agenda:

01:18 - What kind of industries have you (John) worked in firsthand?

06:00 - Aligning personal values with business goals and using DiSC profiles to do this

09:28 - Recommendations for business owners who are in start-up mode

14:48 - What are the key financial ratios a lender would be looking for?

19:57 - What kind of advice would you give to those looking to make an eventual sale in terms of financial reporting?

24:53 - When choosing the right accounting partner, what are the key factors that should be considered and the key questions recruitment business owners should be asking?

27:31 - When should recruiter consider having an internal finance function?

 

If you have any questions, queries or comments, please contact Alison Humphries: alison@recruitmentleadership.co.uk
Find out more about Recruitment Leadership at recruitmentleadership.co.uk

 

Find out more about Ascentis at https://ascentisllp.co.uk/

 

This podcast is produced by Loaded Hype - loadedhype.com