How can I improve my cashflow?
Cashflow is the lifeblood of your business. Having a full order book and being profitable can actually hurt your cashflow, so planning is everything… but it’s not easy. Converting slow payers into good payers, optimising your processes and getting your stock forecasting to work for you can also take unnecessary pressures off you and your business. Improving your cashflow is what we can do for you.
How can I increase my profits?
Getting a firm grip on the “numbers” is the foundation of a sound business. You need to know precisely how you are performing against your budgets for sales, margins and expenses – and you need to know it monthly or weekly. Having a detailed forecast or budget enables you to make the right decisions at the right time - and so optimise your profitability. Showing you how to create a budget and generate accurate, timely reporting of financial information is what we can do for you.
How do I improve my margins?
Here we go back to the need for accurate reporting, forecasting and forward planning – and can also entail expertise in foreign currency management. We make sure the process is in place to achieve your desired margin. Some companies we have worked with have confused “mark up” with “margin” – and when we have identified this, it has led to significant improvements in profitability. For one client, this represented an additional £50k on a £1m turnover.
How can I reduce my overheads?
Every business is unique, but each has the opportunity to make itself leaner – and thus more profitable. But taking out costs for the sake of it can actually damage you strategically. The starting point is a good understanding of your cost structures, analysing how outgoings can be best phased and devising ways to make every pound tied up in your operation work to maximum effect. By looking at your business in the round, we can put the appropriate cost structures in place to save you money and take you forward.
How can I raise funds?
If you want to expand your business and invest in the future, you may have a fund raising requirement. After we have optimised your cash flow, we might actually eliminate the need for you to secure new funds. But if there is still a requirement to raise capital, we can ensure you raise the right amount at the right time for the right price – whilst minimising your risk.
How do I plan for my business?
It’s a well-known fact that businesses that plan are more successful than those that don’t. Every business should start off with a business plan or strategic plan for three or five years ahead – and review this annually or quarterly, or when a major opportunity or challenge occurs. It has to continually evolve to be of benefit. Your budget then becomes your action plan for the first year of your strategy. We will navigate you through this process and lead you to success.
How do I make the most of my workforce?
Have you got the right people in place to achieve your desired goals? We will look at your business process and explore the opportunities of optimising your workforce.
How do I grow my business?
Every business constantly needs to consider where their future sales will come from. In the strategic planning process which we will develop with you we will help you develop a marketing strategy as well as examine opportunities to develop your products and services.
How can I sell or exit my company?
If you are considering an exit from your business, we can include this in our review of the strategic planning process. We will then identify suitable targets and engage with your external advisers and help you manage the transaction – without losing sight of the day to day running of the business. We can get your business in the best possible shape to sell: having us on board can significantly enhance your prospects of a sale at the best price.