Planning For Financial Growth
Now your vision is clear you’ll want to know you have the right systems, processes and financing in place. It’s time to make sure you have everything you need to support your business growth and achieve your personal goals.
We’ll look at how you control money and review everything from your budget to your pricing, financial systems and processes. We’ll work with your financial advisor to assess whether you will need additional financing to move ahead.
What Challenges Do You Face?
Having accurate financial information and understanding what it’s telling you about your business performance is essential for a business owner. Regularly reviewing your finances means you will know you are progressing towards your objectives.
Understanding what contributes to your profitability and how to manage your costs are keys to success. Otherwise, you could be working very hard and receiving very little in return.
When you’re busy developing and growing your business it’s easy to lose focus on this important information.
What We Will Do
By looking at your profit and loss (P&L) statement we will gain a clearer understanding of your income and costs. We will be able to see expenses such as wages, cost of goods sold (COGS), marketing, and your other business overheads. You can also accurately compare figures on a regular basis and look back at your previous performance.
Once you know how to use this information to understand your profitability and cashflow you can confidently make decisions about your business finances. It’s not just about the figures, it’s also about understanding the progress you’re making.
You can then make informed judgements about employee costs or marketing, for example, because we will understand how they contribute to your overall goals.
What Will Happen
With the right systems in place, you will have reports that are easy to use and updates that are tailored to your business needs.
We will make sure you can monitor and respond to challenges such as increased materials costs or changes in your customers’ purchasing patterns.
You’ll be able to see whether your financial results are in line with your plans. You can have updates every month, week, or even daily if that’s what you need. There won’t be any need to go through time-consuming reviews every quarter or annually.
All your information will be up to date thanks to good planning, modern technology and automation.
WHAT DIFFERENCE WILL IT MAKE?
A budget is telling your money where to go instead of wondering where it went.
With high quality financial information, your budget will be realistic. It will be tailored to your business needs and in line with your goals.
You can focus on the things that are important and you will see the progress you are making.
There’s nothing better to keep you motivated than the reassurance that all your hard work is delivering results.
With a clear financial plan for the coming year, you can focus on the steps you need to take. As you achieve each important milestone you’ll know you’re another step closer to the future you want.
For more information or to book your FREE consultation either complete the form below or call Kirsty on 07521 790284