Services
- Progress from Business Idea to Start Up and Development
- Prepare a Business Plan in order to:
- Assess Viability of Business idea;
- Plan Business Progression path over early years of business
- Assess Resources required, including facilities, manpower, stocking levels, other working capital investments
- Assess funding requirements and financial structure
- Assist Management in preparing Business Plan, covering:
- Production
- Marketing
- Distribution
- Administration
- Facilities
- Funding
- Prepare Cash Flow forecast , by month, taking account of expected build-up of business and allowing for customer credit, supplier credit, stocking levels, tax payment timetables
- Advice on Business Structure
- Sole Trader, Partnership, Limited Company – Pros & Cons
- Partnership /Shareholder Agreements – to cover business objectives, remuneration levels for shareholders/directors, distribution plans, management roles
- Company registration
- Tax registration
- At Start Up
- Periodic Reviews
- New Stages of Development
- Diversification from original objectives
- Acquisitions
- Overcoming current obstacles
- Critical Business Control Tool
- Financial plan for immediate 12 months
- Integration of all business activities and alignment of manager plans
- Sets benchmarks to facilitate monthly review of progress
- Comprehensive Budget Pack prepared including monthly Profit & Loss analysis, (Departmental as appropriate), Balance sheets, Cash Flows and Capital Expenditure.
- Budget Presentation reports for Business Directors/Managers, including Revenue & Cost responsibilities
- Linked initially to Budgets
- Updated periodically throughout year, reflecting e.g. trading changes
- Once off Cash Flow Forecasts for specific events/business changes
- Developed with business managers
- Identify cost & revenue responsibilities
- Set up accounting systems to support
- Performance reports tailored to reflect responsibilities
- Key Performance Indicators identified and highlighted in reports
- Monthly Performance reports
- Management Accounts, including variance analysis
- Performance commentary
- Presentation to Board/Management Team, if required
- Forecast Updates
- Quarterly updates to reflect expected outcome against Budget, as business progresses through the year, in order to support management reactions
- Review Meetings with business managers, providing objective outsider assessment of business progress
- Identification of issues and obstacles
- Consideration of business implications
- Exploration of options
- Business modelling to assess related financial outcomes
- Business Plan Updating
- Provision of regular reports in compliance with finance agreements
- Submissions for new finance/changes in existing financial arrangements
- Business Performance Summary
- Business Plan Updates
- Financial projections relating to new business/project
- Capital Investment Justification
- Funding Requirements
- Sensitivity Analysis
- SME Sector service
- Full Time Financial Controller not affordable
- Outsource as an interim measure until growth justifies full time permanent position
- Liaison with existing accounts office staff
- Develop accounting systems/accounting resources
- Temporary role, during business reorganisation or resource replacement
- Experienced professionals can be provided with ability to get up to speed quickly to ensure no breakdown or weakness in business operations or systems
- Review existing systems
- Plan Systems Upgrade
- Identify suitable system options
- Assist in system selection
- Support implementation
- Optimise utilisation
- Ensure that system benefits realised
- Ensure staff training to maximise system use in order to manage business and provide relevant reporting
Start Up Services