Our relationship with you begins with our advisory analysis. We beleive that any business (or project) can only be as successful as the people who are in it understand their times, their possibilities, themselves, and their effects on the business, and others. Our unique methods and abilities help you to identify and address the challenges that affect your business today.
Although every business is different, we do try to keep the time our analysis usually takes to no more than a week. We will work with you and your schedule for an appropriate time for an on-site analysis. There will be no disruption of your business or schedules. This will include an opening and closing conference with you, and whoever else you feel should attend. We cannot recommend potential ideas until we identify and quantify, to the best of our ability, what the business looks like. We will be evaluating business areas such as:
• Financial Records - profitability, cash controls, cash flow, break-even analysis, collections, internal accounting.
• Sales & Marketing
• Organizational - employee productivity & morale, organization chart, formal employee evaluation, manuals, job descriptions, employee interviews.
• Pricing & Job Estimating
• Purchasing and Inventory Controls
• Production Process - receiving, shipping, warehousing.
• Quality Control
• Procedures and Systems
• Management Procedures - administrative and office.
• Goals and Strategic Planning
• And more
If anything is found that may have the potential for creating any adverse conditions, we then:
• Determine the fundamental causes.
• Quantify the total cost of the issue.
• Determine what corrective action may need to be taken.
• Isolate the impact and cost of correction.
• Identify how you will gain in additional profit after the problems have been corrected.
Upon completion, we provide a confidential review of our findings and recommendations.
A Summary of the process:
1. The opening conference will be with you and any partners or associates you may want to include, reviewing what you want from your business, the direction you wish to take it, any concerns you may have, and the issues we have touched upon here. This opening conference typically requires approximately an hour.
2. We then evaluate all the aspects outlined above. In doing so, we will periodically meet with you and your key people. Most importantly, this is done in a manner that does not interrupt the daily workflow or productivity of your company.
3. The confidential aspect of our work with your company is given the highest priority. Our on-line agreements (and any other agreements) may have with you, further details our policy in this area. In addition, any employees we speak with will appreciate the opportunity to candidly share information and take advantage of the fact we will reveal only a consensus of the information to you, and will not identify the employees providing it. Our clients say this feedback is frequently interesting and helpful, although not always flattering.
4. Whenever anything is found that may have a potential adverse effect, we:
a. Determine the fundamental causes.
b. Quantify the total cost of the issue.
c. Determine what needs to be done to correct the issue.
d. Isolate the impact and cost of correcting the problem(s)
e. Identify how much you will gain in additional profits and other benefits in the next year after the issues have been corrected.
5. The typical analysis is completed in two to three days, but is varied where appropriate, to meet your desires and the size and needs of your business.
6. At the conclusion, we review a Findings Report with you, clarifying what we have found and our recommendations, and to effectively communicate the results with you.
7. Based on our recommendations, you will have three options:
a. Utilize the information to confirm, enhance, or disprove what you already know, and decide to do nothing at this time.
b. Implement the recommendations yourself. Occasionally, our clients find that getting the ball rolling is just a matter of hearing new ideas, receiving an independent perspective, and prioritizing what needs to be done.
c. Continue the relationship with us by utilizing our experience and expertise, to help you implement and maintain the improvements.
8. We focus on the positive aspects, as well as areas that have potential for improvement. There are probably many successful elements of your business that will be a factor in our recommendations. You should view the analysis as one more positive step that you are taking to fulfill your responsibilities as an owner or president, by bringing the best available talent to your company to enhance its development. As an objective third party, we recognize our responsibility to be as accurate and comprehensive as possible. We will share the findings and recommendations only with you, and anyone else you wish to include.
9. The analysis is for informational purposes only. No recommendations will be implemented or changes made in your organization until after you have considered the options detailed above, and made your decisions.
Preparing for your advisory analysis
Our goal is to help you realize your business goals and objectives. To make the most of your advisory analysis, and expedite the overall process, please give some thought to the following subjects:
Together, we will:
• Explore your unique business situation, identify issues, and quantify the costs, and propose new and additional ideas.
• Prioritize your goals and objectives
Things to consider before your meeting:
• What are your short- and long-term business goals?
• What is your profit goal?
What to have available for your advisory analysis:
• Current Profit & Loss Statement and Balance Sheet.
• Historic Profit & Loss Statements and Balance Sheets.
• Past Corporate Tax Returns.
• Business Plan.
• Any in-house reporting information that you use.
Our combined expertise working with organizations from the business side and the human side are available for you.