Common Problems
For many businesses experience tells us that the biggest challenge is often a lack of knowledge and a genuine lack of understanding regarding the importance of proper financial planning.
The absence of proper budgeting and forecasting continues to be one of the biggest barriers to growth.
Consequently, those same businesses regularly fail to appreciate that alongside any great business plan, there’s also a great financial plan that maps out your business’ journey from a financial perspective.
They fail to track their progress both from revenue and overheads perspective so as to ensure that your business hits its profit targets month on month, year after year.
The lack of proper cashflow forecasting and planning is also a major challenge for many businesses irrespective of what growth phase they are in. Without planning cashflow/working capital requirements properly many businesses simply fail to accelerate their growth rates and struggle to compete.
To amplify the point, recent studies have shown that 82% of businesses fail as a result of cash constraints and yet 73% of businesses don’t have an up to date cashflow forecast.
Budgeting
Cashflow Forecasting
Risk Analysis
How We Help
Clarity
Focus
Action
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