To increase profit and grow successfully, a business needs to know where it is now - and where it’s capable of going in the future. And that means not just having the right financial information, but getting it to work for you.
Accurate financial information is critical to make the informed decisions necessary for your business to grow. Do you expand into new markets? Take on more staff? Invest in new equipment, or acquire a competitor? Whatever the question, you will get the best answer by being able to tap into the financial information your business can provide. And presenting that information in the right manner is also key to persuading others to back you.
Common barriers to success
- competition from larger businesses
- lack of sales
- cash flow problems
- failing to monitor performance and results
- looking to turnover rather than profit
- taking too much out of the business, such as drawings, salary, bonus, or dividends.
The best strategy to surmount these is to use the financial information your business can provide.
Information is power
To make informed decisions you need up to date information. We can help you to decide what to record, identifying what really drives success in your business and tailor the analysis accordingly.
We can review your credit control, stock control, budgeting and financial reporting systems and allow you to take full control of these key areas of your business. We can also help you address specific problem areas in your business such as gross profit, cost control and stock valuation.
Effective management information will allow you to seize opportunities when they arise or identify problems quickly so you can take effective corrective action.
With the correct accounting software you will save hours of hard work leaving you more time to deal with the areas you love best about running your own business. We can provide training and help you to obtain the best from your chosen system, cloud based or desktop.
Whether you are investing in new technology, reviewing existing systems or have simply outgrown your current resource, we can help.
Business plans and forecasts
Every business should plan ahead to ensure success but daily business pressures often conspire to delay the strategic planning process. Financial forecasts are a crucial part of any business plan and we will ensure these are both meaningful and robust.
See our business tax and accounts sections for more details on these areas.
Our team of business experts can help you to drive business success and help you to love what you do. Contact us for a free initial discussion today.