Test the viability of your business with reliable figures
A successful business is founded on a commercially viable proposition. Whether yours is, and when it performs at its best, is a question only reliable figures can answer.
Business Viability Analysis is not a separate service. It is something you can do with confidence once your accounting function produces reliable Management Information.
With up to date profit and loss, cash and job costing, you can see which customers, jobs and services make money, whether your prices cover your costs and overheads, and what level of work the business needs to meet your goals.
Pressures experienced day to day are often a symptom of not knowing the figures, not of a business that cannot work.
Without reliable information, owners keep working hard on work that does not pay, or turn away work that does. Simply getting pricing wrong can mean a business needs far more turnover than it should, putting pressure on cash from the start.
Viability is not checked once. With management information arriving every month, you can revisit it whenever circumstances change and see the effect of your decisions in the figures.
If you cannot trust your figures, start with a review of your accounting function: what is working, what is not and what it would take to put it right.
Get the facts about your business, contact us…