Problems strengthening the business you have today
Protect what you have, gain knowledge and confidence in your own ability, control your business for reliable and stable results
Some months business is great, but other times you struggle - you never feel secure
Does your business fluctuate? Is it a case of feast and famine - one month you're rushed off your feet but the next your order book or bank account is empty? Are you worried that if business takes a downturn you could lose everything? Do you know that things aren't going well but don't understand why when you're working all hours, but still not making money? Is your order book full but you still struggle to find the cash at the end of the month to pay your staff or suppliers? Are you just plain exhausted of give everything to your business but getting so very little back?
There is very little more disheartening to a business owner than putting in a full days work, often much, much more, and gaining very little financially for it. Sometimes you can feel that you are fire fighting all the time; as soon as you put out one, another fire sparks up. You are not alone. All business owners face problems and often doubt their own judgement and resilience to keep going.
That's not how your working life should be, and it doesn't have to be like that.
Read through below some of the problems Wood and Disney
have been approached with in the past by business owners and see if a few ring any bells, then look at the Business Solutions
we offer to Strengthen your Business
so that you can sleep more soundly at night, enjoy going to work and look forward to a brighter future.
Problems PROTECTING what you have
Ring Fence
Are your property and assets in your company name? Are your personal assets, home and savings at risk if your business suffers a downturn?
Restructuring
Are you concerned about the Capital Gains Tax, Income Tax and Stamp Duty implications of moving or selling assets, properties or your business?
Risk Management
We know that running a business means taking risks. Potential threats to you and your business security can be managed if you have in place business and financial structures, insurances and the right legal frameworks to protect you.
Threat Analysis
Do you know your vulnerabilities from past decisions, today's risks and tomorrow's threats? Do you have a comprehensive threat and risk analysis, avoidance and mitigation strategy?
Problems achieving a STABLE business with steady, reliable profits and cash flow
Business Numbers
Do you have an accurate and up to date picture of your business finances and do you understand what the numbers mean and their importance? Your key performance indicators?
Sales & Marketing
Are you ploughing money into marketing campaigns but not converting leads into sales? Products are going out the door but it's not reflected in profits? Are you frustrated when you see competitors doing better than you are? How do you increase the spend of your existing customer base?
People
Are you worried that your employees will leave you and take customers with them? Do your staff have up to date contracts? What about Health and Safety?
Systems
Are you constantly searching for extra cash due to late payments? Do you have a high return rate on products due to poor quality? Do you have the right systems in place to give you the information and control you need?
Problems CONTROLLING your business for stable and reliable results
Key Performance Indicators
Do you know your magic numbers? Your monthly breakeven point? Are you making a high enough profit margin? Is your cash being collected quick enough? Is your pricing correct?
Up to date Information
Is your data real time and accurate not just your financial figures but sales and marketing, operations, customer services? You have lots of numbers but are not sure if you are using and analysing them correctly to give you a true picture of what's going on.
Controls
You may have put systems in place to give you information on how your business is doing but do you also have the right systems in place to feedback and control your business?
A stable business gives you the strong foundation upon which you can sustainably grow.
A business without strong foundations will not support growth and will inevitably stutter and fail. Protecting your business from future threats, ensuring that your cash flow and profits are stable and reliable and putting in place systems and controls so that you know what is going on in your business not just at the top level, such as cash in the bank, but at all levels through your key performance indicators, will ensure that your business is stable and ready to grow.
With our advice and support we can ensure that your business is resilient to the inevitable downturns in the economy and not only survives the bad times, but thrives, ready and able to grow. Take a look at the structured approach we take to stabilising a business ...
