As your business grows you need to improve how you link with banks, investor’s, customers, employees and other stakeholders.

You need to know how you are doing.

You need to know where you’re going, to adapt, to improve, to compete, to develop.

You need to make sure you are measuring the right things.

The key areas you need to look at are..….

• Your business plan, pricing, margins, reports, and business metrics. Are you actually achieving what you thought you were? Why not? What are the issues?
• Your cash flows. Manage and optimise your cash. Get the best deals from suppliers, get paid, monitor the credit you are giving/customers are taking, look at options to improve cash flow.
• Funding. Do you need additional funding? Do you need to prepare for key meetings with banks or potential investors?
• Pricing. Check pricing, margins and product mix are what you planned. Is there a reason some items don’t sell? How do you compare with your industry?
• Benchmark. How do you compare against competitors/best in class – product mix, price, margins etc.
• Profit. Keep a watch your profitability – assess and improve how you do things, take costs out. Don’t let your margins narrow just because sales and profits are growing in value terms.
• Options to improve.  Which is the best option for you? New partners? Technology? New Investment? New Markets? Do you need to retrench, cut out less profitable products, markets or activity? What information do you need? What are the risks? 
• New sources of finance to support improvements. What is best for you, the business and its stage of growth? When and how do you approach investors? What information will they need? How do you get through the due diligence process with banks and/or investors. Understand the risks.
  

Fox Consulting can help with these reviews.  Call us.