Detailed Descriptions – Click to Expand
We know that trust is hard to gain and even harder to keep, so we have created an opportunity for you to meet our advisors one-on-one and take part in a strategy session with no strings attached. It is an opportunity to learn from some of the best business minds in the country without feeling like you are going to be sold. In fact, we don’t want you to engage our services right away. We want you to experience what we do without concern about what comes next. We will conduct a gap analysis of your business that will cover the 18 critical value drivers, further helping you understand what your business is worth today, and what it could be worth with improvements made. Through the use of our proprietary software we will show you what improvements can be made right now to close that gap.
There are several areas of a business that need to be analyzed upfront before any strategies can be suggested or implemented. Some of the areas we analyze include:
- Financial benchmarking
- Analyze direct and indirect labor expenses
- Examine company policies
- Survey operations and methods
- Analyze overhead rates
- Examine administrative methods and procedures
- Review quality management
- Analyze sales methods
- Review budgets if any
- Check profit controls
- Inspect accounting and cost methods
- Inspect production controls
- Review quality assurance systems
- Review incentives
Once the analysis has occurred to identify key areas of the business that need attention, the implementation phase will be comprised of applying both the individual strategies and targeted resources necessary to facilitate the overall controlled growth of your company.
- Business planning
- Improving financial position
- Sales and marketing improvements
- Channel marketing strategy development
- Strategic partnership development
- Business valuation
- Resource allocation
- Human resources development
- Operations enhancements
- Management training
- Capital formation efforts
- Purchasing controls development
- Job costing systems
- Job descriptions
The stabilization phase is where we put all of the systems and components together in such a way that there is buy-in from management and employees. This ensures a strict adherence to the new ways of doing things. Additionally, an overall succession plan is put in place so there is a clearly defined exit strategy. Why is this important? Consider this. If you think of your exit plan as the “destination,” you must be clear about what this destination is so you can define the “journey,” or steps to get there. Neglecting to do this would be like driving from New York to California for the first time without a GPS or map to guide you. And to further complicate things, you decide to put a blindfold on. What are the odds of arriving at your destination? Without a clearly defined exit plan for your business, your odds of getting there are slim.
- Monitoring processes through the utilization of technology and reporting tools
- Weekly check-in with ownership and management
- Adjustments made to allow for market condition changes, internal changes, or outlying circumstances
- Continuous financial benchmarking
- Email and phone support as needed
We will perform a detailed financial benchmarking analysis on your business. This takes a snapshot of your business by gathering financial data, giving you a very robust report that will demonstrate where you rank among your competitors of like size and industry. It also identifies areas that demand immediate attention.
Every month you will receive an updated financial benchmarking report. This gives you ongoing insights on how your business is stacking up and what other areas of your business require attention.
- Determine business actions and strategies backed by financial and industry analysis
- Receive sound strategies and recommended actions based on analytical expertise derived from years of experience and proven success
- Quickly evaluate current financial state of your business
- Always know where your company stands on financial key indicators compared to industry competitors
- Compare and analyze reliable benchmarks from privately held companies of over 2500 industry groups not available anywhere else
- Strengthens your chances with bankers and insurance agents during the pursuit of funding by providing data and numbers-driven arguments
Expense reduction is one of the fastest ways to improve your bottom line. The challenge is that finding the right opportunities to reduce expenses can be very difficult, even for CPA’s, accountants, and CFO’s because they typically are focused more on the responsibilities rather than the opportunities.
We will begin with an expense reduction analysis and look at several ways to save your business money. Then, over the course of three years we will continually monitor the various opportunities that arise so that your business never misses an opportunity to improve your bottom line.
Whether it be stimulus money, tax incentives, rebates, top notch vendors at discounted prices, exemptions, or other areas where savings opportunities exist, it is not uncommon for these items to be missed by owners, accountants and in-house CFO’s. Their efforts are typically concentrated in the general running of the business, rather than the outside opportunities that exist. In fact, our firm has a 97% success rate in finding savings opportunities within businesses; even those that have an in-house accountant or CFO.
This is the first step in improving your bottom line without requiring upfront investment. There are no upfront costs for these services, but rather our CPA’s get compensated only if they are able to save or find your business money.
EXPENSE REDUCTION CATEGORIES
- Equipment Expense
Imagine going to a seminar every single week for your business without the headache and expenses associated with travel, food and lodging and lost time. Our Live Weekly Expert Group Webinars with Q&A sessions are conducted by the greatest business minds on the planet. Over 1000 business authors and speakers have committed to the million business movement and want to do what they can to help small businesses across the world. They see this as an opportunity to give back to small business owners, the heartbeat of this economy, by offering their time. It’s like going to a seminar every week without leaving the comforts of your office or home.
- Best practices
- Women in business
- Career Development
- CEO Leadership
- Change Management
- Cloud computing speakers
- Company culture
- Customer service
- Financial speakers
- Stress management
- Thought leadership
- Much More…
What if you could come to a virtual community and network and chat real time with other businesses seeking to do business or collaborate with you? We know what you’re thinking. Before you cast judgment, you may want to consider this—Although there is tremendous value in other social platforms, they are missing two main ingredients that business owners crave: real time chat communications and a more localized connected ecosystem that shifts the spending habits of consumers to their individual communities. Our community solves this issue and much more.
- Message other business owners about shared concerns and opportunities
- Tap local experts for advice
- Generate awareness through others
- Invite local organizations (Chambers and Non Profits)
- Collaborate to reach new customers
- Easily refer customers to other businesses and have them refer back
- Simplify your online presence with automatic posts
- Raise local business awareness in your town
- Help each other overcome common challenges
- Generate word of mouth for one other
- Shift consumer spending to local businesses
- Meet experts right in your local area