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A Career as a Freelance Management Accountant
During my employed career working for a range of smaller privately owned businesses I always had a vision that I could perform the FC/FD role across a much wider range of businesses. In each work role I made an impact by just doing what came naturally to me; getting stuck into the numbers, working out the key drivers, assessing the different personalities, getting the right information at the right time to the right people, planning the future with all the potential scenarios. So I took a leap of faith!
15 years on…
I realised that I’ve now spent as much time in my current career than all of my other roles put together, so it was a successful career move. It wasn’t plain sailing in the beginning, I had to fill some gaps with contract work, but I backed myself and my passion for getting the numbers right and giving true commercial insight to smaller business owners and managers. The strongest business relationships I have today go back to those first few years of trading.
In celebration of this achievement, over the next few months I plan to share some of my thoughts and experiences gained over the last 15 years. I am hoping this will provide encouragement and insight to those who are following, or planning to follow, a similar career path.
Cheers
Mark
http://www.avalon-ma.com
Mark Tomsett, Avalon Management Accounting Limited
Celebrating 15 years as a Freelance Management Accountant
Do you need a part time FD?
Many SME’s wait too long before employing their first FD.
SME’s that would most benefit from an FD are those looking to invest or spend large sums of capital on assets, expand into new markets, perform mergers and acquisitions, exit from the business or prepare for a stock market flotation.
There are two part time options open to SME’s – recruiting a part time FD or Outsourcing.
When choosing a part time FD its important to look carefully at their experience and track record as the objective is to build a long term relationship.
Having the right FD will release management time to focus on other business issues.
Smarta have a checklist to help you when deciding whether or not to recruit an FD
- Determine the point at which your company is, and assess the state of your finances
- Decide on what the next step for your company is: where do you want it to be? Are you going forward for further investment? How do you want your business to grow? You need to be able to communicate this to your FD
- Determine the ways an FD’s professional input could improve how your business is run, and factor this into the job description
- Ensure the person you take on is experienced, knowledgeable and a good cultural fit
- If you cannot afford to take on a full-time FD, consider taking on a flexible or part-time FD – and make sure they are committed
You could speak to one of our team members if you need help https://business-accountant.com/the-team/
steve@bicknells.net
Business Accountant 