Good businesses have a strategy. They know what product/service they want to offer for sale, how much it will cost, how much they will sell it for, how much margin they will make, how they will make it, how they will market their offering, the kind and type of customer demographics they are targeting, the skills they need to recruit to enable them to compete successfully, how much capital they will need for the venture, how they will manage their cash flows, how they will protect their intellectual property and other assets, how they will pay no more than fair share of tax, how they will make sure their team is properly engaged etc.

As business advisers, we can help and mentor you through a lot of these issues and help you ensure your business is on a proper footing. It is like having a part time CFO and Board Chair on your team with a focus entirely on the well-being of your business.

Where additional help is needed, we will put you in touch with a specialist from our informal professionals alliance network where the only common thread is that we all work on the same value system and culture on which our advisory practice is based.

We believe in documenting short business plans – nothing that is more than 3 to 4 pages – which are devoid of motherhood statements and lots of waffle – they are practical, easy to understand and have set targets for achievement.

This is especially good for the team which has a road map of where you plan to take your business and what its role in that journey is.

All business plans must have targets and parameters documented as budgets. We can help you document these.

Good budgets have cash flow forecasts to make sure that your business’s liquidity is being monitored and under control. This will affect the stock holding levels, Capex decisions, tax payment planning and help identify the need for external financing. We can help with this as well.

The above will help you set up a road map for your business.