keith, Author at Redbox Financial - Page 3 of 4

All posts by keith

Hire me by the hour to be your part time CFO

Hire me by the hour to be your part time CFO, financial controller. You would also have access to my team so we could provide any accounts dept services that are needed.

I am a Deloitte trained chartered accountant with 20 years experience working in the accounts departments of SMEs as financial controller and CFO

Business insolvencies are at the highest level for 13 years, so it is very important to have a very solid finance department advising you with a high level of analytics, systems and automation in place.

I also have many years experience as an internet entrepreneur, and marketer, and have appeared on the BBC and Sky News seven times as an expert.

My tiktok videos get up to 327k views, and I have 22k followers on Linkedin.

With my team I can manage your finance function, improve your financial monthly reporting, and provide a full outsourced accounts department if required which would be much cheaper and much more efficient than hiring full time staff that are not needed. 

I can help you with business development, implement anything and be a business advisor and sounding board for anything you want.


Contact me for a free brainstorming session to explore how I could help you.

Let’s Take Your Business To The Next Level

Do you want to take your business to the next level? Then consider a part time CFO.


Here are some of the benefits:

Financial expertise: brings a high level of financial expertise to the company, which can help the business make better financial decisions and improve overall financial performance.

Information: can set up dashboards and KPIs that help systematise and track how your business and departments are functioning

Cost-effective: can be a cost-effective solution for businesses that may not have the resources to hire a full-time CFO.

Flexibility: can be hired on a project basis, which allows the business to have access to a CFO’s expertise when it is needed, rather than having a full-time CFO on staff.

Increased efficiency: can help streamline financial processes and procedures, which can lead to greater efficiency and cost savings for the business.

Strategic planning: can provide valuable input and guidance on strategic planning and decision-making, which can help the business achieve its goals and objectives.

Access to a network: they may have a network of contacts and resources that can be beneficial for the business, such as access to financing, investment opportunities, and other industry experts.

Risk management: can help the business identify and mitigate financial risks, which can help protect the company’s assets and reputation.

Compliance: can help ensure that the business is in compliance with financial regulations and laws, which can help the business avoid costly penalties and legal issues.

Overall, if an SME wants to grow to the next level, then they need to get a CFO, and a part time  CFO is a very cost effective way of doing this. Companies without proper accounting support are taking massive risk especially at a time when the ONS says company insolvencies are hitting a 13 year high in England and Wales.

Get in touch with me for a brainstorming session. If we are a good fit, you can hire me and my team by the hour.

The Dark Side of Energy Subsidies: Small Businesses Speak Out

I’m going to be discussing the impact of energy subsidies on small businesses in the UK.

  1. Small businesses have warned that the government’s plans to cut energy subsidies will cause them severe financial hardship.
  2. The Federation of Small Businesses lobby group estimates that one in four small businesses will have to close, downsize, or restructure their operations due to the subsidy cuts.
  3. Many small business owners have reported mistreatment from energy suppliers, which has left them exposed to higher costs.
  4. Some small business owners have even had to consider moving their operations to other countries because of the unaffordability of running costs in the UK.
  5. Many small business owners feel that the reduced support from the government and mistreatment from energy suppliers will ultimately lead to higher prices for consumers.

Should the government help small businesses in the face of these challenges? Or should it just let them sink or swim in the free market? Share your thoughts in the comments.

Building Wealth One Habit at a Time: The Power of Million Dollar Habits

Today, I want to share with you some of the key points from the book “Million Dollar Habits” by Brian Tracy.

1. Habits are powerful tools that can help us achieve our goals and improve our lives.

2. We need to develop habits that align with our values and aspirations.

3. Setting goals, being organised, and having a positive attitude are some examples of good habits.

4. Incorporating these habits into our daily routine can make significant progress towards achieving success.

5. Habits are the compound interest of self-improvement, the longer you do them the more they pay off.

So what do you think? What are some of the habits you have that helped you to achieve your goals? Leave a comment with your thoughts.

Navigating the Chaos of Big Bang Disruption: Strategies for Success

Today, I want to share with you some of the key points from the book “Big Bang Disruption”

1. Technology is creating new opportunities for companies.

2. Rapid and unexpected destruction of established businesses is happening.

3. Businesses need to be agile to survive in today’s fast-paced technological landscape.

4. Identifying and capitalising on new opportunities is key to success.

5. Embrace change and be open to new ideas for business growth.

These points are vitally important insights on how technology is impacting the way we do business and how it could help businesses to grow in the future. Make sure you have good people in your team who can help you navigate this disruption, so you can be at the cutting edge of new technology and the opportunities it brings

Now, I’m curious to know, do you agree with this? And how do you think technology is changing the way you do business in your industry? Leave a comment with your thoughts.

The Fine Balance of Caring Less: An Exploration of ‘The Subtle Art of Not Giving a F*ck’

Today, I want to talk about the book “The Subtle Art Of Not Giving A F*ck” by Mark Manson. 

It’s all about learning how to prioritise what’s important and not wasting energy on things that don’t matter. We all have a limited amount of time to give and should choose wisely where to spend them. We should focus on the things that truly matter in our lives and let go of the things that don’t.

Accept and embrace our problems and struggles to truly grow and improve as individuals.

Learn to set boundaries and prioritise self-care. Develop a mindset of not caring about opinions and judgments of others.These points are really useful on how to be more intentional and mindful in life, and how to focus on what’s important to us.

Now, I’m curious to know, what are some of the things you’re currently not giving a f*ck about and why? Leave a comment with your thoughts.

Disclose your crypto gains

UK Crypto Tax: Make sure you disclose your gains, or you could face big penalties

If you own cryptocurrency in the UK, you need to know how much tax you have to pay. HMRC views Bitcoin and other cryptocurrencies as taxable assets and has a data sharing program with UK exchanges.Because HMRC sees crypto as a capital asset, when you dispose of a capital asset – you’ll pay Capital Gains Tax.eg selling crypto for a fiat currency, or another crypto currency, or spending it or gifting it.

Also the government recently announced a cut to the Capital Gains Tax allowance from £12,300 to £6,000 from April 2023.

Don’t get caught out, find out how much tax you have to pay on your crypto in the UK now.

Did you know about this? What do you think about it, and do you have any questions? Please comment.

How to spend this lockdown time wisely: Transcript

Part 1

Hi there.

So my name is Keith Griggs and I just wanted to talk a bit about this lockdown caused by the Coronavirus and how I think we should respond to it. In particular, how we should respond to it in terms of our business.

So I mean obviously it's causing incredible suffering to many thousands of people all over the world and it will almost certainly touch our families and friends as well. So it's a horrific thing.

But some people seem to be just, maybe a bit fearful about it or just shutting down and just using this as a time to just rest and relax and watch Netflix and so on.

But this could go on some time. And I think it's crucial for business that we are very proactive and use this time to our very best advantage. So, that's that sort of thing that I want to talk about today in this video.

So, obviously, I think is vital to stay healthy, stay safe, stay isolated, eat healthily, and go for lots of exercise.

That's definitely one thing. But also I think we can just take a step back, just like at Christmas and in August, the whole world seems to just shut down, which is often quite frustrating to me because I tend to want to plough on and carry on usually in that time.

But it forces me to take a step back and have a real think about things, go back to first principles and work out how everything fits together in my business and how I want to go forward. I think it's very valuable to do that.

Also of course you can also massively improve your digital assets.

You can create new sales funnels. Maybe your website doesn't do a very good job in terms of messaging and so on to take people through different stages from visitors to serve them a different message when they've interacted with your site and content a bit and know you better.

And then eventually they contact you or have some interaction and then you can sell them something cheap or give them something free and then maybe upsell them more expensive later.

So you move them up the value ladder, which is a way of maximising your income from each particular prospect, which is a much, much more profitable way of doing it than trying to acquire new customers all the time and just I'm selling them your standard offering.

Another thing that's really important I think to do is produce a lot of content.

This is content. This is a video, I'm also going to get it transcribed and use it as a blog post, and then also go to extract the audio and use it as a podcast. But the video, I'm going to syndicate it and put on many different places all over the internet, social media website and so on.

Part 2

I'd also like to talk about what I call the four pillars. I've sort of split various avenues into four areas that I think are absolutely crucial to any business.

So the first area is the whole thing about websites and messaging, which I have already touched upon and I will touch upon it a bit more in a minute. There's traffic and retargeting, which is absolutely crucial to get people into your website and to bring them back once they've been there.

Social media is becoming more and more important every day as people spend more and more time on there. And reputation is vital, what people are saying about you online and how you use this to your advantage.

So let's go into these four pillars, these four areas in a bit more depth.

Improving your website messaging.

So taking them on a journey through your funnel, which I've already alluded to, people do need a different message at each stage. A lot of people don't realise that, they just have a website. That's why it's much more ... I think it's very useful to just map out your whole presence on the internet as a sort of funnel and have different messages at different points where people first engage with you and then where people know you better. Take them to a different place in your website and give them a different message. Or it could be on your email list or maybe a Facebook group or something like that.

Also, inject the personality of your brand. In my case, a lot of my brand has actually to do with me, my personality, and that's why I like to use videos a lot to help get that across and help build a sort of connection with the people viewing my content.

Setting up email lists is another great way to improve your messaging too. Just like retargeting it's a great way to sort of capture people and then give you the ability to connect with them further and further into the future as you send them more and more content.

So that was the first pillar. The second pillar is to set up tracking and retargeting pixels, though I hope you've already done this. A lot of people have not.

For example, Google Analytics is extremely useful just to see how people find your site, how long they spend on each page, and their journey from where do they go off to each page. It can give you a lot of feedback about what people like about your site and then that can really help you create more pages, create more contents to give them what they like rather than what they find boring.

Adwords is really good. So if they come to your site, you can ... Maybe you're not advertising on Adwords at the moment, but maybe in three or six month's time you want to retarget who's been to your site so that's why it's good to put your pixel up now. Same thing with Facebook. Same thing with LinkedIn. You can target with LinkedIn ads, people who have been to your site.

And then of course, after capturing their information, we target them, set up ads and follow these people around for the next three to six months. So I have heard it said that 96% of visitors to your website never come back, so when you think about it it's an incredible waste of money to spend a lot of money advertising on SEO to get someone to your site and then never see them again. And the vast majority of people will fall into that category. So that's why it's so important to follow them around. It's also said that we need seven touches with a prospect before they like and trust you enough and know enough about your product and understand the benefits. They're not going to get all that on one time so you need some points of contact before they're ready to actually take out their wallet, take out their credit card and hand over their money.

So in the olden days, this used to be by points of contact by sitting in the emails, speaking to them and so on, but now over the internet we can create a lot more points of contact by retargeting using ads that appear on different sides. So Facebook, for example, giving you different aspects of your message, maybe different angles, different hooks, or maybe you show them testimonials from other people or case studies or something like that.

Part 3

The third pillar is to just be omnipresent, be all over social media. Obviously one way you can do that is retargeting, which is what I said, but make sure you have social media accounts set up on all the major places where your prospects gather. Almost everyone goes to Facebook. That's a great place to go. Even CEOs and B2B customers spend time on Facebook because a lot of them, for example, have children they want to keep in touch with and so on.

The fourth pillar is reputation. People believe what other people say about you much more than what you say about you, because obviously you are biased and you're always trying to present yourself in the best light. Whereas if someone else says something about you, it's much more believable, especially if they seem like a reputable person, you can see the picture and so on.

It's really important to manage your reviews online because you're wasting your money otherwise on advertising. If you have a bad reputation, bad reviews, no one's going to buy from you. You need to fix your reputation first before you invest in anything else. Managing it is very important. Have a system in place so if someone leaves a review, you are immediately notified and can respond to it. You should respond to both good and bad reviews because that just really helps people feel that you're a good company to do business with.

The second part of this is to build your reputation. Proactively approach customers and clients and ask them to leave reviews for you on various platforms. Thirdly, market this. Once someone has left a good review, you should put it on your website, maybe make an image from it, maybe make a video from it, put it on social media, maybe use it in your advertising, just get the word out there.

They're the four pillars. And as well as that, I think it's really good to just take time out just to network with more people because another saying I've heard is that “your net worth is your network” in that although most of the people we network with, it's maybe a waste of time. We might have a pleasant little conversation with people, but now and again we come across someone who has some skill, some idea, maybe they know who can really help us a lot.

And that's just happened time and time again for me. I just think it's a really good thing to just have lots of conversations with people. Maybe they come to nothing, but maybe they could be something that could just totally change the whole way you do business. I think it is great to interact. I think LinkedIn is brilliant for that. I've met so many amazing people on LinkedIn. Reach out, message people, talk to them and hopefully you'll find some people that can really help your business.

Maybe you can find a people, even if they can't provide you a service that your company uses, maybe they're just great people to bounce ideas off because sometimes one little comment from someone can really open up a whole new world of ideas for you. Don't underestimate this, and I think it's a extremely valuable use of our time. That's the end of  this video. Please subscribe to my content, like my pages. Please get in touch with me and hopefully see you soon. That's all for now. Bye.

How to spend this lockdown time wisely – Part 3 of 3

In this video I talk about the final two Pillars.

These are social media and reputation.

These days it is vital to be all over social media, as almost certainly that is where your customers spend time every day.

Also you need to nurture a first class online reputation. You need to manage your review listings and your reviews, actively build them up, and also use them in your marketing.

I also talk about the importance of increasing your network and just talking to people who may be of benefit in some way to your business. Worst case scenario is that you waste a few minutes having a chat.

How to spend this lockdown time wisely; Part 2 of 3

In this video I talk about the first two of what I call the Four Pillars.

I believe these should be the backbone of any business that is active on the internet.

To neglect any of these pillars means leaving a lot of money on the table.

The first pillar is website messaging. Your website should take them on a journey through your sales funnel, move them up the value ladder, and familiarize them with the personality of your brand.

The second pillar is setting up tracking and retargeting pixels on your website. This lets you see exactly what is going on with your site, eg how long they spend on each page. You can use this information to guide you to create content and even products that they like the most.

Then with the retargeting pixel you can stay in touch with the prospect.