They also now have money set aside for tax – VAT and corporation tax.
A team that is now aligned to the outcomes the business wants to achieve and Kyle is taking home more money from the business, consistently, than he has ever done before.
An awesome turnaround and some great work from Kyle.
With the Business Wealth Engine and focus.
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
Focus was a big problem for Kyle, and we made sure that we kept them on track which paid dividends in terms of the revenue growth.
Kyle 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.
We worked out responsibilities and accountability structures which worked for the business and us, as the finance function.
This is the stage we are currently implementing with Kyle – getting reporting loops fully in place and Dashboard reporting so that he can truly move into that CEO role.