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Strategic Planning
We will work with you and your staff
to identify and quantify the important
factors that will affect your future
growth and success. We will use that
information to prepare financial projections
and accompanying plan narrative that
helps you visualize your company’s
future.
Results Analysis
We will carefully analyze your financial
results looking for trends, clues to
operating more efficiently, and information
that will assist you in future decision-making.
We can similarly analyze your operations.
We would identify key operations indicators,
and set up systems to track those indicators
and measure performance monthly, weekly,
or even daily if needed.
Profitability Improvements
We will assess your operation looking
for process inefficiencies that may
be costing your company money. We will
look for excesses in people or materials
or other misallocations of resources.
We can set up systems to help you measure
productivity on an ongoing basis.
Risk and Opportunity Assessment
We will look at your operation in the
context of your industry and the general
business environment. We will use our
20 to 30+ years experience and business
insight to help you identify those
risks and opportunities that may affect
your company in the near and long term.
We can also help you plan how you can
avoid the risks and take advantage
of the opportunities.
Systems Assessment and Development
We will assess your existing systems
to make certain they are operating
efficiently and providing accurate
results on a timely basis. Where systems
are inadequate, or are non-existent,
we can develop them for you. This might
include, among others, your financial
accounting system, cost accounting
system, purchasing/accounts payable
process, operations process flow, or
system for measuring operations performance.
Budgets
Whether you need us to create a budget
process, fix your existing process,
or you just want assistance creating
a budget that makes sense, we will
help you formulate a budget that is
based on your company’s past
results and your vision of its future.
Financial Projections
We will take your vision of your company’s
future and turn it into a meaningful
financial projection. It will tell
you if you should expect to have excess
cash or if you will be needing cash.
If you need cash to grow, the projection
will show your banker when he can expect
to get his money back. It will also
help you plan when you will need to
hire more people and add more equipment
and/or facilities. Financial projections
are part of the answer for a business
owner who is tired of flying by the
seat of his pants.
Cash Flow Projections
Cash flow projections will assist you
in understanding your current cash
situation and planning your future
cash requirements. Such planning will
reduce your stress level, and keep
your vendors, bankers and employees
happy.
Key Success Factors
All businesses have key factors that,
if monitored, can give an indication
of how the business doing. Monitoring
such factors has an advantage over
looking only at financial results.
Financial statements are historical
documents. They can only tell you what
has already happened, and they usually
do that the month following the events.
Key indicators can tell you what is
happening today and can sometimes predict
what will happen in the future. We
may find key factors in production,
distribution, overtime statistics,
sales operations, order taking, cash
collections, inventory levels, backlog
statistics, or other areas depending
on the type of business you are in.
We can identify these factors and set
up a process for tracking and analyzing
them.
Organizational Structure
As businesses grow and change, their
organizational structure frequently
evolves into one that is less than
optimum. The present structure is not
what one would create if they were
starting the business from scratch.
The business may have become one that
has misallocations of resources. It
may not function like the well-oiled
machine it once was. We can look at
your business objectively, help you
visualize your optimum structure, and
create a plan to implement the changes
that you decide you want to make.
Growth Plan
Operating a growing business without
a growth plan can be risky. The likelihood
of success is much higher if there
is a plan for when the business needs
to add cash, people, training, knowledge,
capacity, distribution channels, and
more. We can help you create your plan
and follow it.
Financial Staff
Our clients have one or more people
who handle the day to day transactions
of the company. We can manage these
staff members onsite at a frequency
determined by the client’s needs.
This allows the business owner to focus
on other aspects of the business rather
than spending time managing the accounting
function. We will train the staff,
helping them become more knowledgeable
and more valuable. We will identify
staff members who are in the wrong
job, and we can help find suitable
replacements.
Acquisitions
We can help a business owner think
through the idea of making an acquisition.
We will assess whether the acquisition
makes sense from a standpoint of acquiring: technology
or other knowledge; customers; a new
product line; marketing synergy; patents
or other intangible assets; capacity;
or, just a way to grow the business.
We can then assist with due diligence,
negotiations, and eventually, assimilation
of the newly acquired business or assets.
Sounding Board
Owners of small companies are very
familiar with the concept that it is
lonely at the top. They frequently
don’t have anyone with whom they
can discuss strategies and issues.
What do you do with that problem customer,
supplier, employee, or banker? Which
way do you go with that key decision
that could determine the future course
of your business? Sometimes your Virtual
CFO is just a good sounding board.
Like a “virtual” partner.
We have a wealth of experience and
business insight a company owner can
tap into.
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