BUSINESS PLANNING IMPROVEMENTS
for operating businesses wanting to go to the next level, or with a specific challenge, we provide business planning tools and techniques:
- Cash flow plans and control
- Systems and structure
- A "measure and manage" approach
- Strategy and action
- Planning for success
- Planning for moving on: Succession and exit
If you want business planning and improvements which are specific, practical, measurable and sustainable, you've come to the right place.
Financial control and planning for business growth require a systematic and practical approach to problem-solving, whereby growth is manageable, with solutions that are affordable and add measurable value.
Where to start? Here's a framework:
A Logical Sequence for Planning and Execution of Business Improvements:
- Clearly understand where you are, and the associated problems and symptoms
- Clearly describe measurable outcomes. These are your goals, or the required objectives.
- Determine urgency. If the urgency is extremely high, such as in a cash flow crisis threatening the viability of your business, then an emergency response takes priority.
- After any emergency response, and your business is stabilised, return to your strategic action plan.
- Crucially, analyse actions which will have the highest impact. This analysis starts at the enterprise level, and progressively drills down into detail to test the sensitivities of results.
- Using the acquired knowledge, a specific and detailed Action Plan is prepared, including who does what, and when. This includes short-term measures for immediate action and quick results, as well as ongoing actions for the longer-term objectives.
- Implement the Action plan, according to the required timetable.
- Ongoing: Report, review and modify the Action Plan as needed on a regular basis – typically monthly or quarterly.
Practical tools enabling business plans for improvement include the setup of proper accounting systems, meaningful reporting, smart cash flow management, intelligent use of budgets and forecasts, and clarification of goals and strategy - all starting with the end in mind to create the outcome you want.
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