We empower founders and demystify finance with the commercial finance experience you need to plan, forecast, grow and control your business:
Robust Finances, we’ll use our years of finance experience to help you produce financial plans which will deliver success and conserve cash
Managed CFO Services, our CFOs work closely with you and your team to keep your plans and finances, supporting business growth, commercial aspirations, and cost control
Why Consulting Lab?
Financial control is paramount for young businesses, most of whom cannot afford to employ a CFO full-time. To raise money, you must be on top of your finances and possess credible forecasts in order to substantiate valuations and put yourself in a strong bargaining position when it comes to negotiations with Angels and VCs. The more robust your business plan, the better equipped you are to minimise dilution as you raise.
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At Consulting Lab, our goal is to empower young businesses with the ability to grow. In the world of Finance that doesn’t just mean bookkeeping or producing accounts. Rather, it is the ability to take a commercial CFOs perspective to your business and ensure you are ready to raise and equipped to grow.
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Our team has over 30 years of supporting businesses large and small with CFOs, commercial finance specialists, bookkeepers, and accountants. Our one-stop-shop provides everything financial that a young business needs to succeed.
Reduce Stress, of your financial worries as we forecast your business model and give you control over your finances, giving you confidence in your ability to grow
Gain Assurance, we’ll do spot-check financial reviews to help keep you on track, and protect your finances
Reduce Financial Risks, all our plans include a free financial risk assessment, which will help you avoid common causes of delay, overspending, and failure
Save £££s, our innovative fee options can be tailored to suit your needs, leaving you with cash flow certainty
Demystifying Finance
Financial management, forecasting and cash control are critical when your business is at an early stage. More startups fail due to poor stewardship of cash than for any other reason. Strong financial management requires great planning, outstanding management, and superb control. You time is precious and the last thing most business owners want to do is sit in spreadsheet hell – so give that problem to us. We’ll save you of stress and money, keeping your business on the financial straight and narrow, providing coaching and mentoring where required. You don’t need to be a financial expert to business a business – because that’s what we do for you.
PLANNING
Sound financial projections are time-consuming but imperative to anticipating rough patches and profitable times. They answer lots of important questions, from “how much money do I need to start this business?” through “how long until my product or service will become profitable?”, to “when do I next hit trouble, so when do I need to start raising money?” Raising cash is a time-consuming process, even for the best ideas – the more advance notice you have the better.
CONTROL
Every business must manage both its cash and its overall finances. Cash is king for startups, so preserving it is paramount – therefore proactive management of your management accounts is an ongoing experience. Most founders don’t have the time to stay on top of it themselves – which is where we come in. We’ll keep your finances under control and build the processes you need to stay on track.
GROWTH
Nobody wants to read last month’s newspaper, which is what a lot of finance is about. Founders need proactive, timely, accurate, forward-looking information which keeps pace with your business ambitions. Finance must communicate with you to ensure that you make outstanding decisions, ones which help to scale your business at the same time as maintaining control. Knowing your burn rate and runway are critical to achieving your next funding goal, and both can only be achieved proactively.
A well-run Finance capability doesn’t just produce numbers – it creates capacity for creative thinking, provides insightful information for decision-making, empowers CEOs, and drives business growth.