What's in it for me? A faster and cheaper operation for starters.
1. Improve your process for Accounts Receivable. We will help you…
1.a. Find ways to improve order entry
1.b. Put processes in place to accelerate collections
1.c. Implement customer quality controls to help you target grade A clients
2. Improve your process for Accounts Payable. We will help you…
2.a. Set up a verification process for accounts payable (stop overcharges from vendors)
2.b. Use purchase orders as a control where needed
2.c. Set up a review of invoices at time of bill pay per client
2.d. Learn to pay bills on-line with the least amount of time and trouble
2.e. Verify vendor account accuracy (is vendor over charging us?)
2.f. Make sure bills are paid on time and that account balances are accurate
3. Take remedial steps needed to complete past work that is not done. We will help you…
3.a. Understand why back work cannot be ignored (We’ll get it caught up for you)
3.a.i. Learn about tax implications (QB needs to agree with your tax returns)
3.a.ii. Avoid poor historical data that causes bad business decisions or no decisions
3.a.iii. Eliminate inaccurate account balances that effect receivables and payables
3.b. Outline the scope of work not done in previous accounting periods
3.c. Learn about the 3 methods of taking care of back work and then decide which method is the best fit for your firm
4. Learn how we take the 100 most common steps of work and create training (what we call “winks”) for your firm, so you never have to train a new employee again. This is a constant process that will evolve over the first 90 days. We’ll standardize your entire business process and then start improving the 100 most common events one at a time. This could be the foundation of a franchise or multi-location expansion or sale of your company, if that is in your future.
From 30 days to 90 days
1. We’ll help you evaluate what dangers you, as the business owner, see on the horizon
2. We’ll help you analyze the opportunities you want to capture, but can’t seem to get to
3. We’ll sit down and look at the businesses strengths, where you should focus your efforts
4. We’ll help you concentrate on what’s important in your business, using the Peter Drucker concept of, “First, do the right things.”
From 90 days to 1 year
1. Standardization and improvement of the 100 common bookkeeping events in your firm
2. Identification of the 50 most common items creating “chaos” in your buiness and remedial fixes. For example…
2.a. Too many employees
2.b. Lifetime value of a customer and how that relates to the advertising budget
2.c. Too many vendors causing cost control problems
3. System for building WINK files to clear these problems
From 1 year to 3 years: Increased revenue opportunities
4. Increasing the business 10% to 20% in the three easiest areas
4.a. Increase average sales price per unit
4.b. Increase average total sale per transaction
4.c. Increase repeat number of sales in a month or year
5. Identify what you are doing now, that you may want to stop doing
3 Years from Today:
You will have created wealth, and have many more choices available to you, such as selling at a great price, hiring a manager and letting the business run itself, or staying in place and using the foundation we’ve built to grow your firm into a national business.