(based off the Profit First book, by Mike Michalowicz)
Are you a slave for your business?
Are you earning less than your employees?
This program is designed to turn around the stress of never having enough cash to pay suppliers, superannuation and most importantly you.
As an Accountant we often see clients who have cashflow nightmares, you wonder why people do it year after year. In this program we first analyse your business and create the strategy to manage your cashflow so that you can start being profitable.
Includes:
Review of Accounting System – is there one and is it being used well?
Review of current situation, what does the sales, payroll, operation expenses, owner wages and owner dividend look like?
Calculation of what revenue, operation expenses, and owner wages are advised to be
Work out and set KPI’s to reach, for example how many leads you need to convert to achieve the revenue target
Create Profit First System to suit your business and start your journey to business fulfilment
Includes:
After implementing, first 6-12 months, monthly meetings to discuss the Profit First System and any road blocks or problems in implementing the system
Once successfully implementing the system, quarterly meetings to review the financial success of the business, discuss any concerns in the business
Behind the scenes, we review accounting ratio’s and benchmarks
Identify external coaches or consultants to assist and help in other business areas besides financial aspects.
Examples include:
Marketing (broadly)
Sales coaching (assist conversion of leads)
Money Mindset Coaching
HR assistance
Legal guidance (example: for shareholder agreements, customer engagement/contracts)
Reducing expenses with the help of various professionals (eg Insurance Broker)