One of our core values is our commitment to helping you increase profits and build a more successful business. We can help you do this in a variety of ways.
By really getting under the skin of your financials and keeping in regular contact we are able to offer advice on increasing profits and business growth. By understanding where your profits come from and cost base we are able to identify opportunities to increase sales and reduce costs.
We can use expert financial analysis techniques to help you understand their business finances. With this in depth understanding we can identify underperforming or new income streams. We can also identify where money is being wasted or could be spent more wisely to generate a better return.
In short, we can give you a full and clear picture of your business finances. With this information we give our clients the tools and information they need to make strategic decisions that will increase profitability.
Not only that, we can build a short, medium or long term plan that will plot how your businesses can deliver the financial rewards you want and deserve. We don’t just build a simple model that says ‘grow sales by x%’. We use our significant business and financial management experience to drill down into the financials and help you devise a number of bite sized, specific strategies that will help you achieve your financial goals.
The secret to consistently increasing profits is to consistently make good decisions. Good decisions require good information. If you want to increase your profits first you need to know what they are and why they are what they are. You also need to know if your strategies are working or not. Management accounts will give you all the information you need to make good decisions.
We will help you identify what are the key numbers that drive your profitability and present these in an easy to understand dashboard format so you can instantly see what is working and what needs attention. This then gives you the power to consistently make the right decisions to take your business forward so it can provide the lifestyle you want.
Too many small businesses don’t know these key numbers and operate reactively. We can provide you with the key financial information you need to take control over your business’s performance and make continually make proactive, profitable decisions.
Business Advisory Services
Advising by using services such as planning & forecasts are tools that successful businesses use to manage their financial performance. These tools can be hugely beneficial to small businesses but very few use them.
We can help you produce a plan of what you want your profits to be and what the numbers need to look like to achieve them. With this information we can help you devise strategies that can deliver those profits.
It’s similar to a car journey, if you don’t plan a route you will get somewhere, but it probably won’t be where you want to be.
We can help produce a plan in a very low level of detail. The lower the level of detail the easier it is to devise specific, easy to apply strategies that will lients’ businesses delivering what they want.
Forecasting takes things a stage further. By combining what has happened in the past with what we know and expect will happen in the future we can help you identify if your business will meet your targets or not. This is a massively powerful tool as it gives you information now so you can address problems in the future.
Cash Flow Improvement
We have a number of techniques we use to help our clients understand the timings of cash inflows and outflows. Once understood we can then advise on methods of managing cash flow so that there is never a shortfall.
One of the key areas we advise in is how to make sure you get paid on time, every time. There are many options for small businesses to get paid that are cheap, easy to use but not well known. We can also help you integrate payment methods into your accounting system so that payments are collected automatically without you lifting a finger.
We have techniques to accurately forecast cash flow in the future. This can identify if a cash flow problem is likely to arise in the coming months. It is much easier to devise a solution to a problem that is likely to occur in a few months than one that has already happened.
Cash flow analysis and forecasting are usually done in conjunction with profit budgets and forecasts
Accounting Systems Advice
We have substantial experience in helping clients implement and/or use their own accounting system (e.g.: Sage, QuickBooks, Kashflow, Xero, etc) to get the most out of it.
We understand how to structure the accounting system and enter the data so that the available functionality is best used. Modern accounting systems can do much more than just keep track of the figures. Some of the things we can set up for include:
- Automated invoicing
- Automated collection of payments
- Automated late payment reminders
- Fully integrated order management processes
- Seamless inventory management
- Seamless integration with operational software (e.g.: e-commerce software)
- Integration with bank and PayPal accounts
- Automated collection of direct debits
- Fully integrated expenses management
- Automated posting of regular accounting entries
- Integration with CRM systems
Never in history have such high quality business information systems been within the reach of small businesses. We can help you identify, implement and configure financial and non-financial software that will give you better information and huge efficiencies.
One thing that most business owners tell us is that the main thing holding them back is time. We can give you that time.