Budgeting and Strategic Planning
Central to every successful business is a professional approach to planning. Without a properly considered strategy, businesses make poor decisions and rarely achieve their potential.
A good budget is a necessity in a good business plan. It is one of the best business tools we have, allowing us to set financial targets and measure our performance.
The techniques we utilize in the formation of financial projections will allow you to consider future scenarios and give you goals to strive for in your business.
What should your profit be? Are you efficient? Do you have too much debt? How do your KPI's compare with your competitors? What is world's best practice?
What strategies are required to increase revenues, increase margins and manage overheads? What is the underlying cost-volume-profit model for the business? Does the owner understand it, report it and manage it.
These are all important questions and we will review these issues with you to assist in getting a better picture of your business and ensuring it is heading in the right direction.