Profit Builder
Having worked with many small businesses over the years, it’s really interesting to see what differentiates very successful owners from the rest. First of all, they tend to know exactly what they want to achieve, and secondly they have a clear vision of what they have to do to get where they want to be.
Running any growing business is a complex process, and to make matters even more complicated we’re all bombarded with information nowadays. And whereas much of it may be interesting, not all of it is going to help us develop our businesses.
Successful owners are choosy. They focus on the right sources of information and ignore the rest. They set themselves realistic and measurable goals, and then develop a clear strategy to achieve them.
Profit Builder is designed to provide that focus on the key elements of your business to give you the information that is vital to it’s success. Profit Builder asks three simple questions.
- Where are you now?
- Where do you want to be in the future
- How are you going to get there?
Where are you now?
Based on your last three years’ accounts (or less if you haven’t been around that long), we perform a Benchmark analysis of the key areas that drive your business financially. We then compare these with those of your competitors within your industry.
You’ll see, for example, how you rank in such areas as sales growth, profitability and liquidity, and you’ll gain a clear understanding of which areas need to be worked on to get that overall improvement in your business performance.
Where do you want to be?
Using a technique called retrospective analysis, based again on your last three years’ accounts; we project forward to show you how your business is likely to perform over each of the next three financial years.
Then, using “what if’s”, you’ll see how small improvements to each the key drivers in your business can make a real difference to your profits and your cash flow.
How are you going to get there?
So you have a clear picture of where your business is now and a set of realistic and measurable targets for you to aim at in the future. And in our experience, that’s substantially more than the vast majority of small businesses.
However, unless you actually measure your progress on a regular basis you’ll never know whether you’re achieving your targets. And unless you take specific action to improve the areas of your business that are holding you back, you’ll never see an improvement.
The One Page Business Plan is a dashboard to show you regularly how you’re performing against target in those key areas. This could be monthly or quarterly and is based on the information from your own management accounts. It also records your successes in the previous period and gives you an action plan for the next period, making sure that you continue to have a clear focus on what needs to be done to make a real difference to your profits and the success of your business.
And finally
Every month we offer two Profit Builder sessions, worth £650 each, to existing and prospective clients on a first come first served basis. Once we’ve done the ground work, these one to one sessions last around two hours and are completely free of charge.
At the end of the session, you’ll have a clear understanding of
- Your business strengths and weaknesses as compared to competitors in your specific industry
- What your forecasted financial position will be over each of the next three years, and how you’ll need to perform in the key areas of your business to achieve really outstanding results.
- How you can use a simple yet powerful system to measure your progress on a regular basis and take action to improve those areas in your business that are holding you back
To register your interest please click below. We’ll get back to you within twenty four hours to let you know whether we can offer you a free Profit Builder session