Focus your team in the right direction.
Human’s have an amazing ability to solve problems. Powerful goals and a clear strategic direction help focus brain power of teams towards achieving the right outcomes. Let us help you build a strong business plan that is backed with performance measures and financial goals that motivate your team and help you achieve your goals.
Tired of being your businesses bookkeeper?Hire a Xero expert bookkeeper today.
How budgets and forecasts help your business
Hire a bookkeeper for your business.
Poor cash management is often credited as one of the major reasons behind business failure of startups and small businesses. The first step you can take to make sure this doesn’t happen to you is?to have a detailed annual budget/operating plan in place. It?s more than just looking at your existing cash burn rate, its about preparing a detailed financial plan. ?This requires thinking through all of your businesses cost drivers and revenue assumptions and building a budget that has your expenses increasing as revenue grows.
A detailed budget provides your management team, board and investors with tool to measure performance and understanding how your business plans translate into financial success.
Here’s how our financial models are used
A financial model is a key component of the capital raising process. ?Investors use the model to see how well you understand the drivers of your business and test the assumptions you have made. We can help you prepare a dynamic financial model ready to present to investors.
Know where to make adjustments to steer your business back towards goals. ?Our ?detailed bottom up financial models include a P&L, Balance Sheet and Cash Flow so that you can compare actual performance against your plans and make adjustments as needed.
MANAGE CASH FLOW
Achieving break even is more than just covering costs, it’s making sure you have enough in the bank to cover low sales months such as the summer holidays. ?A robust financial model helps you identify cash burn months and ensure you have enough cash to cover them.
What is the impact on cash if you employee an extra period, what does a small change to the time it takes recover outstanding debtors mean to your business, or how does revenue change when growth increases. ?With a financial model you can test these scenarios and more, helping you identify what changes mean for your business.?
Reach out to us today - how can we help your business?
Whatever you do, get in touch with us. With so many accounting and bookkeeping options and opportunities, there's no telling how one little conversation can help your business grow.
Leave us a message....