Firstly know how much profit you are making at the moment, where it is coming from and identifying where you are losing it!
Secondly you need to know this information on a regular basis.
After identifying how much you are making or losing and from where we need to determine what we call in the trade KEY BUSINESS DRIVERS and set up a system for monitoring them called KEY PERFORMANCE INDICATORS.
We can then put a plan together to make you MORE MONEY which can include
Putting in place a proper MARKETING PLAN and SALES PROCESS
Putting in pace a proper PRICING STRATEGY
Finding ways to improve your GROSS MARGIN
Reviewing your overhead costs and finding ways to save money
Making sure your assets are being utilised to the MAX
You may have reached the stage where you need an injection of funding. You will need help in not only sourcing funding and the best type for your business but also how to present the information that will be required to secure it.
Managing your business properly can make the difference between success, stagnation or even failure.
We provide many additional business advisory services that can help you make sure you are safeguarding your business and managing your business risks properly
The duty of any business owner is making sure that they are safeguarding their business. Businesses need proper systems of financial control in place to ensure that not only their financial assets are safeguarded but also that incidences of fraud are difficult to perpetrate.
Business owners need accurate and timely information on which to base their decisions otherwise it will be impossible to manage your business
CASH IS KING. Cash management is probably the single most important thing that needs to be kept on top of. Knowing what your funding needs are next week, next month and next year is vital. One thing that will definitely lead to failure is NO MONEY.
Credit control. Make sure your credit control procedures are robust enough
Budgeting and forecasting. Having targets and a plan means your business won’t be reactive
Foreign exchange. If you are billing or have costs in foreign currency you will be exposed to FX RISK and you can mitigate or HEDGE this risk
FInancial Director. There comes a time when a small business would benefit enormously from the part time services of an experienced financial director.