March 19, 2018

Financial Strategy

It is critical for success that short term and long term financial strategies are designed in advance using expert advice. Any loophole and mismanagement in finance lead to turbulence in business. Be it a business at an idea stage or at growing stage, we help you design your success.

We can help create and implement a financial strategy in your organisation in step by step process.

Right from identifying sources of fund till filing taxation return, we help you at each step. We do not only save your time, energy and money but also let you focus on core strength area of your business.

STEP 1

UNBUNDLE

This step is where the information required to make recommendations for the appropriate financial strategies to reach your goals is gathered. For example, what is your time horizon? Do you want to accomplish this goal in 5 years, 10 years, 20 years or 30 years? What is your risk tolerance for the project? Are you willing to accept a high relative market risk to achieve your business goals or will a conservative business scenario be a better option for you?

 Also, how far along are you in your goals? Do you have any money saved yet? Do you have an alternate business plan?

For example, if you are gathering data for expansion plan or you need the plan to set the things right from the current level.

Although you may already know this information, it is wise to have it all written down so you can visualize all of the necessary data required to make future decisions. Our systematic approach will help you gain clarity in your decision-making process.

STEP 2

PLAN

Writing out your business plan forces you to review everything at once: your value proposition, marketing assumptions, operations plan, financial plan and staffing plan. You’ll end up spotting connections you otherwise would have missed.This reminds me of a conversation in a story from  Alice’s Adventures in Wonderland:

“Would you tell me, please, which way I ought to go from here?”

“That depends a good deal on where you want to get to,” said the Cat.

“I don’t much care where–” said Alice.

“Then it doesn’t matter which way you go,” said the Cat.

A business plan helps a company assess future opportunities and commit to a particular course of action. By committing the plan to paper, all other options are effectively marginalized and the company is aligned to focus on key activities.

 A formal business plan is necessary to show all interested parties — employees, investors, partners and yourself — that you are committed to building the business.The process of creating the business plan helps to minimize opportunity costs. Writing the business plan helps you assess the attractiveness of this particular opportunity, versus other opportunities. We have helped create more than 200 business plan and help their business to take to the next level. Speak to us to create the plan for your business.

STEP 3

STRATEGIES

A clear financial strategy is a key to the success of any small business. It serves as a map for the future, outlining the practical steps you need to take in order to achieve your financial goals. Not to mention it gives you peace of mind that you’re on the right track.

STEP 4

IMPLEMENT

A clear financial strategy is a key to the success of any small business. It serves as a map for the future, outlining the practical steps you need to take in order to achieve your financial goals. Not to mention it gives you peace of mind that you’re on the right track.

STEP 5

DEVELOP
Most business people know that teamwork is important to success, but few know how to encourage it. The difficulty lies in understanding how to implement changes in behaviours. You can’t simply suggest that everyone start thinking like a team player. You need a plan of action to make teamwork a reality in your workplace. You should use a step-by-step approach to strengthen teamwork and make it a vital part of your company culture.We train and motivate your team members to achieve the targeted plan.Our various training develops necessary skill sets in the staff to achieve our targeted result.

STEP 6

EVALUATE
Establishing a financial strategy is not a ‘set and forget’ task. Most strategies require frequent adjustment as time goes on to ensure they remain relevant. It’s recommended to review your strategy quarterly, but you may want to do this more often depending on the complexity of your business.

As a general rule, you should also schedule an official review if you change your goals, or if your business undergoes any major changes.

We will be happy to support you in implementing the 6 step process in your organisation. Reach us to know more.