Business improvement consultants bring with them a vast background in experience from dealing with many businesses. While every business is unique, there’s not many problems we see that are unique, so we can recognise patterns and will already have a wealth of ideas and resources for dealing with specific issues. It’s our job to compliment your planning and business skills and support you in creating a better business through the success of a business strategy.
‘A business is like an automobile: It has to be driven in order to get results.’ – B C Forbes
Taking this even further, in order for the automobile to be driven for performance you also need to know what gear shifts to make and when.
If you could reduce costs in your business without cutting your value or service, how would this impact your business sustainability through a downturn or unexpected, uncontrollable change?
A very wise man Benjamin Franklin once wrote, ‘Remember that time is money.’ This rings true with current business trends when it comes to creating efficiency through automation.
When was the last time you looked for opportunities to improve your business? It is incredibly easy to become relaxed and employ a set and forget approach. Could this be causing your business to become stagnant or to get left behind in its industry?
All too often, I see businesses making tougher decisions than they want to, mostly because cashflow is suddenly and ‘unexplainedly’ tight, even though the business is showing a profit and sales are strong.
All too often, you hear horrible stories about bookkeepers defrauding businesses – recently, one stealing more than $300,000 from a local business in Western Australia, and last year, a worker stealing almost $1m from a popular Hastings Street restaurant over a number of years. Could you imagine how you would feel if this happened to you?
It’s so easy to get bogged down in the ‘doing’ and daily running of the business that the bigger picture is often forgotten.
The start of a new financial year is a perfect opportunity to review how your business performed last year and put in place a budget and cashflow forecast to set you up for success in the coming financial year – another step for your business becoming more sophisticated.
If you think reading financial reports is low down on your list of priorities in your business (after all, it’s only a report on what has already happened, right?), then think again. Financial reports are one of the most important tools that can help you make some really exciting decisions in your business. But if not done accurately (or not read properly… or at all!), it can lead to some pretty frightening consequences.
Planning equals results. You need to plan to level up, just like you need to press the button on the elevator to go up. But before you plan, you need to have a good idea of where you’re going.