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 (usually the next 3 years) to allow a review point.
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.
The 360 degree Business Review
An extension service offering that delivers a more detailed internal business review is a must-do for those looking to truly understand their business and its potential. Using a combination of industry reports, market forces analysis, staff interviews, and key client discussions a comprehensive report provides a rarely understood 360-degree view of what your business is capable of, where it sits in the market, and how it is currently performing according to the essential stakeholders. The business review report has become one of Milk & Honey’s most requested deliverables.
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.