In sport it is essential to have a strong all round game and getting outside specialist help, support and new perspectives help elite performers.
I know that some of my weaknesses probably held me back which is why I invest in myself and belong to the MORE network of accountants. This enables me to be be truly world-class.
And so it is in your business. Every business owner has strengths and weaknesses. If those weaknesses are not understanding finance, how to effectively manage a business and get the maximum return from your marketing, then it is almost certainly costing you money.
For example, if you:
- Don’t understand how read and use your balance sheet
- Are not able to identify your key performance drivers
- Don’t have a good management reporting
- Have not develop a marketing reporting system
- Are not using using the latest software to save time and money
- Don’t have an effective business strategy
- Don’t have an exit plan
- Don’t have access to finance
- Have not developed a profitable pricing strategy
- Do not know how to have highly motivated staff
- The list goes on and on!
The first step in solving a problem is identifying the problem and accepting that it is a problem.
That is where we come in. The first service we often provide for our clients is an accounting and business review. This is in the form of a two step system:
- A two hour meeting
- The production of a report outlining your weaknesses, or areas for further development as well like to call them!
The review only costs £250 plus VAT, is of outstanding value and is almost certainly worth tens of thousands in untapped additional profit that is sitting in your business right now.
All you have to do is to take action to improve and that starts by us on 020 8906 6510.