After 12 months of working together, they spend 8% of gross profit on their business operating expenses.
A completely incredible turn around in his business which is now set up to flourish for years to come.
He implemented the Business Wealth Engine.
We looked at the business, got the numbers in order, accurate and making sense.
We draw up a forecast and financial plan for the business.
We looked at where money was leaking from the business, and there were quite a few places that the leaks needed to be plugged.
We reassessed the plan now that we were plugging leaks.
We worked the plan, month by month, getting us closer and closer to the ideal position; working with stock ordering and when that needed to be done.
Jerry outsourced his entire finance function to us to make sure that everything would run smoothly and someone would always be keeping on top of the finances.
Together we established who needed to do what each day, week and month for his targets to be hit and we worked out responsibilities and accountability structures which worked for the business and us, as the finance function.
Making sure you know what is working and what isn’t working is critical to moving towards a significantly more financially healthy business.
We present the data in easy to read and quick to understand Dashboards so that the business knows where it stands against KPIs and targets at any point in time; this is crucial for a CEO to run an efficient business.
Once we have the money leaks and systems sorted out, the next thing is to see where the hidden money is.
It can be really easy to chase the next sale, to be looking at lead generation when some things are right in front of you. We are great at finding money being left on the table and we did exactly that with Jerry.