You may need a Business Plan, Management Information and Accounts
In order to achieve your business goals you must have a business plan. Whilst It doesn’t have to be a lengthy document it must be absolutely clear as to what your strategy is (ie what are you are trying to achieve and how). If you don’t already have a plan or are finding it difficult to do one – don’t worry – we can help you to produce one.
Any plan must include financial projections – both profit and loss as well as cashflow. After all to succeed you need to increase sales and profits whilst always ensuring there is enough cash in the bank to pay the bills.
Once you have a financial projection (or budget) in place you now have something with which to compare your actual performance against. You must measure and monitor what is happening so that know when you’re starting going off course because you can quickly put corrective measures in place to bring you back on track. The way to do this is by having monthly management accounts as well as the right Key Performance Indicators in place. We can devise these for you as well as ensuring you have the right financial systems and software in place to monitor performance
Posted in: Business Issues
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