It’s easy for small business owners to get stuck in the hectic day-to-day of running a business and forget to stop and check how it is going.
If you don’t analyse pricing, spending, labour figures and other metrics, the business can quickly become unwell and start sliding out of your control. By the time you get the quarterly or even annual reports, it may be too late.
Independent business analysis is one of the most important steps to improving your business.
Going deeper than a cash flow analysis, this report shows you the current health of your business. You can use this information to create a road map to your goals!
The road to accomplish your goals
The road map for achieving financial stability, stable profits and growth lies in the foundations of your business.
You need the right systems in place from the start, so you can monitor your business’s health and scale up when the time is right.
Before you start on your journey, you need to ask the right questions:
- Where are you now?
- Where do you want to go in the future?
- How are you going to get there?
If you’re unsure about the last question, we can probably help.
How We Analyse Your Business’s Health
There are basic rules for analysing performance in a small business, here are the steps to take:
01. Check Your Pricing
We analyse your pricing – is it adequate compared with how much it costs you to produce or provide the service? To make enough money to pay present and future expenses, you must set the right price for your goods and services
02. Check Your Spending
We analyse your expenses – how are they affecting your cash inflow? We examine all your expenses to ensure you can sustain your current spending level. If you can’t, you may need to cut back on expenses.
03. Find Areas To Improve
We use this information to help you decide what business areas to focus on and improve. Do you want to focus on sales or expenses, or a combination of both? Is there a particular expense that needs attention?
04. Create SMART Goals
Once you have great business analysis, you can see the current health of your business. You know what you need to focus on to improve and grow.
Now we can help you set a SMART goal: specific, measurable, achievable, realistic and timely. With this goal firmly in mind, we can develop a road map to get you to where you want to be.
A great business analysis will show you where you are and where you’re going, so you feel confident to make adjustments and take up growth opportunities for your business.
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