Small Business Financial Consulting


management training services which buildS business owner capability


 

 

To discuss any of the below advisory services and/or training needs for business owners and/or staff please contact Martin Thomas martinthomas@martindavidson.co.nz or 09 294 6262. 

Small business financial coaching

Description

Learn to put financial management at the heart of your business

Your small business exists to make you money. But whether you sell goods or services, you need to make a profit. And you can't do that unless you manage your finances and cashflow carefully.

So, what are the best ways to do it? This is what we will coach, so you are empowered to help your small business thrive and we will guide you along the way.

This service involves meeting with us every two months to discuss your financial results. The focus of each meeting will change and progress depending on your needs and objectives, but in summary we'll help you;

-  Develop an understanding of and easily report on your key financial reports - Profit and Loss + Balance Sheet + Statement of Cash flows + Accounts Payable and Accounts Receivable.

-  Understand the true cost of money.

 - Learn how to chart your cash flow and change inputs when your circumstances change.

-  Be aware that minor adjustments in operations can help regulate cash flow.

-  Best practice regarding managing your business debt & regularly reviewing expenses.

- Find ways to be more productive with systems, processes & automation.

- Agree on a financial management improvement plan identifying weaknesses/areas to work on between meetings to get ever-improving results.

**Learning Outcomes for Small Business Owners**

You will better understand how numbers drive your business. That will give you the knowledge you need to keep your company running and help it to grow when the time is right.

The annual cost of this service is $4,000+GST

This programme involved regular meetings and runs for twelve months.

BETTER CASHFLOW MANAGEMENT FOR SMALL BUSINESSES

Description

Cashflow is the prime cause of angst among those who own or run a business. And it’s not just start-up businesses where this can cause problems – even established, successful ones experience a cashflow crunch.

To be able to navigate the future path of your cashflow, you need to robust forecasting – so you can map out your financial position over the coming months and can take the appropriate action to safeguard your cash position.

In this service, we will work with you (one on one) and will teach you:

- The techniques required to forecast your revenue and expenses based on assumptions and how to “what if” these.

- How to run reports that compare your actual results versus plan

- How to tie in your forecasting into your business plan and make it a management tool

- How your business may access funding opportunities (if required) from banks, loan providers and potentially alternative lenders such as debtor finance. 

**Learning Outcomes for Small Business Owners**

-You will be up to date on the latest tips and tricks on things you can do to improve your cashflow.

-You will be able to take immediate practical steps to immediately cashflow forecast, receive payments from customers faster, and simple ways you can keep more cash in your business.

-You will have an assessment that will enable you to assess the current health of your cashflow and advice on the best-fit tools in the market to help you manage your cash effectively and easily.

A minimum of two one-hour workshops, and then follow-up support as required plus full access to our handy “Better Cashflow Management” guide resource kit.

Cost: $1,950+GST 

SMALL BUSINESS – ADAPT & ACTION PLAN

Description

There's nothing like a combination of punches to send everybody reeling. So, it's no surprise that a crisis for health, our economy and global shock has left many questioning how we move forward from here.

So what to do as restrictions ease in New Zealand and abroad, and we move into a business recovery phase and a ‘new normal’?

The very nature of business is the ability to adapt to change.  There are many realistic scenarios that could pan out over the coming months, some more positive than others. Every time we go through recessions or downturns, it’s the well-run, well-prepared and forward-thinking businesses that emerge stronger than before. Leaner maybe, and with perhaps a renewed business focus, but still in a better position than most.

This is a four-hour one-on-one training facilitated by us.

We'll cover the following content areas:

- Discussing and setting both your business & personal goals for the next 12 months.

- Identification & development of management dashboard and key performance indicators for your business sector.

- Identification of opportunities and vulnerabilities in your business that needs to be managed.

- Jointly develop a robust action plan with quick wins identified 

**Learning Outcomes for Small Business Owners**

- You will know your priorities for next 30, 60, 90 and 180+ days  

- You will have the confidence to take charge, know where you are & have the best view of where you are heading

- Be in a better position to make hard decisions as needed

- Be aware of the need to take care, of yourself and your team and remember to celebrate milestones and success and help those around you do the same.

Cost: $2,500+GST