Knowing Your Weeds
Hot Spot Analysis
An initial review of your business through analysis of your financial reports. A heat lamp approach applied to your P & Ls, YTD Balance Sheet and last year’s tax return will ensure points of concern are identified, high performing areas are ear-marked and assessed for profit margin returns and hidden dangers potentially impeding your success are uncovered.
The Hot Spot analysis will result in a written report showing the way forward and the areas of your business that should be focused on strategically.
Sowing the Seeds
A Strategic Vision for your business
What is your vision for your business? Do you have a purpose? Have you determined your competitive business position and set goals that are aligned with measures for success? Milk & Honey believe in an immersive pragmatic, action plan based approach to strategic planning. We will not simply hand over a 30 page document full of “to do” tasks but will work with you using a simple 6 step process to produce a working plan that sows the seeds for long-term success.
The plan we will produce together will span a negotiated period of time (the next 6, 12 or 18 months) to allow a review point.
Planning for the Drought
Tools to manage Cash Flow
Are you confident you know how your bank account will look in 6 months’ time? Can you predict the ebbs and flows of the cash in and out of your business? What happens when a piece of equipment breaks unexpectedly? Is the BAS due date a cause of panic each quarter? Are you not spending money you could be because you are not sure if you will need it or not in 8 months’ time? Successful cash flow management is one of the best ways to alleviate small business stress. Putting a process in place, with a set of pre-determined tools will allow you to successful plan cash flow for the next 12 months in your business.