Planning for profit

Many young and growing businesses fail during the early years because the owner is too close to the action – so involved in the day-to-day running of the business that he or she forgets to step back once in a while to see how the business is doing and whether or not the business plan needs updating.

Cashflow forecasts – regularly updated are in our opinion the single most important management tool that a business can have. So simple, so effective and yet so few businesses have them . Which is why any business that has one has an enormous competitve advantage both in being able to make better decisions about business opportunities as they arise, and in raising finance, as required. Monitor actual performance against projected performance and, where necessary, adjust your overall business plan accordingly.

We are looking to work more closely with a selected number of business clients, to effectively sit on the same side of the desk as them and help them make their businesses work for them in the way they want them to. We want them to benefit from having the ability to make decisions based on forward looking information (like cashflow forecasts), rather than just historic accounts. Identifying and measuring leading rather than lagging performance indicators is just another way we do that. If you are interested in a free half hour meeting to explore whether this approach, or any other way of working with us, might benefit your business please call us to make the appointment quoting reference AB02.