The Business Assessment
“Only a small number of new businesses succeed; less than 20% make it through their first five years. In seventeen years, analyzing thousands of small business I have found the reason 80% fail is poor business management. Delivering a good product or service is not enough. It must be delivered at a profit for the business to survive and succeed.”
One of the main questions that business owners ask themselves is how their business can make more money and how do they stack up with other businesses within their industry. The common denominator, regardless of industry, was that these businesses operate as family owned entrepreneurs, focusing on technical rather than management issues. Typically small business owners function primarily as technicians, rather than managerial. This causes the business to suffer a number of simultaneous conditions. These would include being subordinate to customers, treated inferior from suppliers, held hostage by employees, lack pricing power, work long hours performing labor intensive repetitive tasks, create poorly defined roles for the family, are handcuffed by slow collections and work day to day without a well-conceived idea of what the business ought to be doing.
Your Business whether formally or informally is organized around three separate but equal functions: marketing, production and accounting and is run on information, regardless of the industry. The quality and timeliness of information assists business owners and the operating functions with critical decisions. In order to make wise and profitable decisions, it is imperative to have a thorough business assessment.
The business assessment is a competitive benchmarking analysis of your income statement and balance sheet. The assessment provides an objective and comprehensive analysis of the business to give an unbiased view of its strengths and weaknesses.
The Business Assessment is a computerized written report that highlights your company’s strengths and weaknesses versus your competition. The Business Assessment compares and benchmarks your financial performance against your competitors income statement and balance sheet and includes Liquidity, Efficiency, Operating, Financing and Profitability ratios. It also includes model profitability against industry. These targets provide guidance for budgeting and performance reviews.
I will also have a discussion concerning possible solutions to those areas that you were weak. All I require is some data from your current financial records. Understanding that YOUR information is priveleged, I will sign a Mutual Confidentailaity Agreement with your company. The study requires your input, then approximately one to two hours to review the findings.
Don’t leave increased revenue, reduction of costs or increased bottom line profit to chance Call 262-717-9776 to see if you qualify for a FREE Business Assessment.
