FINANCIAL MANAGEMENT AND OPERATIONAL SERVICES
This service will offer both business and personal financial planning. For small business owners, this can allow you to consider options on how to optimally manage your business and personal financial affairs to the benefit of you and your family.
Business Financial Plan Development
This will provide deep quantitative and financial analysis, proforma financial statements coupled with a logically developed qualitative analysis of your opportunity or your business. Guide you through a process to develop a document that will provide you with a roadmap to success and convince banks and investors to rust you with their money.
Balanced Score Card (BSC)
This will provide you a single page document that will align business activities to the vision and strategy of your business. This is a tool that will facilitate communications and create focus while monitoring key elements of your business activities against the goals and visions you have for your business. The journey to developing the balanced score card is very strong in linking your key activities to profitability and outstanding customer service.
Times change and so do organizations. Change management provides a structured approach to move your organization from a current state to your desired vision. This is a process tool that creates cultural ownership for change by your employees.
Business Process Design
If like most organizations you see things ‘falling between the cracks’, going into ‘black holes’, or you are not quite sure how things are ‘getting done’, then chances are you have a lot of organizational whitespace. By identifying and controlling the whitespace in your organization, you will achieve your operational performance goals through business process design.
Simply put, Strategic Planning is a process that allows you to develop your business priorities and map a key course of action to achieve those business priorities. This service will help you identify your key priorities, then develop and document a plan of action that you can actually understand and implement.
Pricing is not only a key ingredient to profitability, it also provides your customers with a mechanism on how they will be motivated to conduct business with you and it communicates the value you bring to them. This service will explore multiple pricing approaches that are unique to your business and provide you with a quantifiable impact to your business on the effects of changing pricing approaches or changing pricing levels.
Make versus Buy Analysis
There are financial, quality, capacity, responsiveness, internal capabilities, sales forecasting or proprietary technology reasons why you need to consider the options of making products or services yourself, or but it from someone else. There may be events that trigger you to outsource or insource. This service allows you to explore how addressing all these variables will improve your time to market and profitability.
This service allows you to capture and quantify how you currently make money and how changes in your operations or business environment can impact your business either positively or negatively.
This service will provide you with a plan for generating revenue, spending and determining financial needs. You will get a budgeting document that outlines your plans and allows you to track your actual revenues and spending to compare how you are meeting your budgeting goals.
Activity Based Costing & Management
Delivering services or products consumes activities. Activities consume resources and expenses. By understanding how your organization consumes expenses you will be able to better manage and control your expenses. This activity based costing service provides you with the insight on how your unique organization produces value for your customers while consuming expenses. It will also give you the tools to manage your activities and expenses with greater certainty.
This service will provide you with a financial model that determines Return on Investment, Net Present Value, break even volume and break even time when considering two or more proposals or anticipating changes in your current business. The model will be flexible enough to change variables to determine impacts to assumptions you make regarding your business.
Operational Risk Analysis
This service will provide you with a qualitative and quantitative analysis of your business to determine impacts as a result of loss, failure or material changes in internal and/or external events. Assessments will cover process, people and technology used to satisfy customer and business requirements.
This service will create financial reports specifically designed to track the financial progress of projects or programs, which can then be used by the business for decision making or submitting for funding or progress billing purposes.
Internal audit involves measuring compliance with businesses own policies and procedures. The purpose of the internal audit is to advise the business owner on matters of how to better ensure their goals and objectives are being met. This service provides the business with an evaluation report to help the business owner improve the efficiency and effectiveness of management and control processes.
Internal Auditing is not a Financial Statement assurance activity and cannot result in a statement of assurance regarding the preparations of financial statements for the business. For this activity, you will require the services of a Licensed Public Accountant. (For more information please see: http://www.pacont.org/about/)
We are located in Durham Region, but can provide small business consulting across Canada. Our local service area for small business coaching includes Oshawa, Courtice, Sunderland, Whitby, Ajax, Pickering, Markham, Scarborough, Etobicoke, Toronto, Richmond Hill, Newmarket, Vaughn, Aurora, Mississauga, Clarington, Peterborough, Lindsay, Port Perry, Uxbridge, Bowmanville, Brampton, Oakville, Guelph, Barrie, Waterloo, Kitchener, Cambridge and all surrounding areas. Outside our local area, most consulting can be done remotely, but when it cannot , travel and living expenses will be applied as required.
Copyright RK Fischer & Associates 2011