Do you know what shape your business is in?
We start with a review of your current financial information and what you currently produce. If necessary we make assumptions or estimates for unavailable information.
This is then reviewed and worked through with you on various “what if” scenarios. You will then see the financial dynamics of various key issues and as a result…
1. Understand the need to record and manage certain key ratios within your business which are probably not currently recorded.
2. Have a clearer view on which ratios are below optimum levels and where the greatest potential profit improvement comes from.
3. Have a number of ideas on how these “sub optimal” areas can be improved based on previously successful projects and tried and tested ideas.
It is important to understand that the review does not focus on cost control or overhead reduction, but is principally concerned with systems and processes that directly affect the generation of profitable revenue from new or existing customers.
We use specialist financial planning software to assess the businesses overall efficiency. We look at gross profit margins, overhead ratios, the speed of debt collection and many other measures of the underlying performance of your business.
The focus is to gain a real insight into your business. Our detailed review will identify areas of strength, weaknesses and highlight areas for development. A Health Check helps to focus resources on the areas restricting growth so that businesses achieves the best results. At the end, you will receive a clear ‘Health Check’ report with prompts on ways to improve the business health.