CONSULTING SERVICES
DO YOU KNOW WHICH PRODUCTS OR SERVICES MAKE YOU MONEY? AND WHICH ONES YOU LOSE MONEY ON?
DO YOU HAVE PROCEDURES AND SYSTEMS TO TRACK YOUR GROWTH TO AVOID PITFALLS?
FINANCIAL MANAGEMENT
Financial control is critical to a business. Management must know, at all times, the exact financial position including both obligations and future projections.
DO YOU - - -
- know what your cost of goods sold and overhead costs are?
- know what cash you need, each week, to pay the bills?
- have a budget and continually track performance to budget?
- know what bills need to be paid, and what monies are due?
- have monthly profit and loss statements?
- have a business plan?
HUMAN RESOURCES
Your employees are the most valuable asset you have.
DO YOU - - -
- have an employee record keeping system including tracking of vacation and sick time?
- have an employee manual?
- have performance review forms and procedures?
- have programs for employee development?
MANUFACTURING
Inventory management is key to a profitable company. Systems, procedures and controls are mandatory to insuring success.
DO YOU - - -
- have bills of material?
- know your cost of goods?
- have materials requirements reports?
- have an inventory tracking and control system
CUSTOMER SERVICE
You spend your time and energy developing accounts – are you servicing your current accounts to insure continued business?
DO YOU - - -
- have an order entry/processing system?
- address customer requirements to insure a strong customer base for increased sales?
SALES AND MARKETING
Are you aggressively seeking new markets and customers or are you hoping that the market will find you?
DO YOU - - -
- have a strategic plan for sales & marketing?
- effectively manage the sales function, either direct sales or distributors/representatives?
- utilize free advertising?do you track your free advertising to aid in deciding where to spend advertising dollars?
PRODUCT DEVELOPMENT
Are you providing your customer base with the product they want or the product you think they want?
DO YOU - - -
- have the systems in place to respond to the markets requirements?
- have development plans in place for product growth?
- have timelines for product development, including costs that will be incurred? DO YOU HAVE A SOUNDING BOARD? SOMEONE WHO HAS BEEN THROUGH IT ALL? IF YOU ANSWER NO TO ANY OF THE ABOVE – LET'S TALK.