My top 5 ways to get the most out of your business improvement consultant

September 28, 2020

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.

And for those of you with genuinely unique issues, our strong suit is unpacking the issues, breaking them down into smaller parts, and helping you deal with each of the parts until a solution is reached.

Here are my top 5 ways a business consultant can support your business: 

  1. Get them to check out your business processes – an outsider’s point of view can reveal some pretty interesting insights.
  2. Get them to look at the software you’re using.
  3. Get them to work with you on setting goals and a plan for you and your business for the next 12 months to 2 years (or more if you’re game!).
  4. Coaching and mentoring –using them as a sounding board to give honest advice on proposed strategic direction, being a source of ideas and ensuring your aware of any associated risks.
  5. Get them to enable you to monitor success – designing management reports highlighting key performance results and indicators that are relevant for the current strategy.

In a more complex way, what we do looks like this:

But support is vital to the success of any business, and so we focus on collaborating with business owners and their teams, with engagement and accountability underpinning our approach.

We work together to strengthen the business foundation elements and build a framework to create the ability to act on business growth opportunities, including the streamlining of processes, development of ideas or digital transformation.

A business improvement consultant can help out no matter what phase the business is currently at – anything from starting up to revitalisation.

I would love to talk to you about how I could help your business. Email me at natalie@beyondcfo.com.au or call for a chat on 0413 463 275.

Are you breaking down the key targets to achieve business growth?

September 14, 2020

‘A business is like an automobile: It has to be driven in order to get results.’ – B C Forbes‘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.

Read more

Is your business leading the pack?

August 4, 2020

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?

Read more

Is your business set up for fraud opportunities?

July 7, 2020

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?

Read more

Develop the sophistication your business needs: The time is now

June 22, 2020

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.

Read more

How reading your financial reports could be the most exciting thing you do today

June 12, 2020

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.

Read more