Accounting - Galway, County Galway, Ireland
Benefits of the Sustained Growth 5 Step Programme© - An immediately actionable plan to increase sales and reduce costs leads to profitability growth.Key performance indicators are established and regularly reviewed, ensuring that growth becomes monitored and sustained.Stronger cash flow reduces debt and increases funding for innovation and capital investment.Improved information reporting leads to better decision-making, further contributing to growth.Step 1: Qualification ConversationAn initial half hour qualification conversation is had between us to discuss your organisation's needs and how the Sustained Growth 5 Step Programme© can benefit you. Step 2: Evaluation of your Current SituationBased on your financial information, such as management accounts and the sales daybooks, conversations with key staff members and a review of your competitive landscape, a report is generated containing a review of:Sales trends.Sales prices and margins by product & service.Diversification of revenue.Customer loyalty & account management of current customers.Effectiveness of the current marketing spend.Improved Performance (1)Whether there is a structured sales and marketing plan in place.Your competencies & unique selling proposition.Your place in the competitive landscape & a review of industry trends.The effectiveness of your quality system and the impact of any quality issues on your brand or customer retention.Cost and overheads, including supplier management.Employees under the headings of staff churn, staff engagement and staffing levels.Technology in terms of how existing technology in the business is capable of achieving the strategic plan.The effectiveness of the working capital cycle and cash flow management.The efficiency of tax planning.Return on current assets and any required capital investment.Risk management & contingent liabilities.Step 3: Decide on Priority Issues & Create an Action Plan.In light of the company strategic direction, mission and vision, decide on which areas require full and immediate attentionCreate an action plan that focuses on these issues.Identify the capabilities and resources required.Allocate time, people, and money to address the priority issues with specific timeframes. Step 4: Review the Action PlanProject-manage the action plan to ensure that all defined steps are being carried out in the correct time frame.Analyse whether the results being achieved are as intended.Establish whether corrective strategies need to be put in place. Step 5: Create a Regular Review StructureEstablish key performance indicators (KPIs) and set targets for improvement.Review these regularly and implement corrective action for any under-performing areas.Ensure everyone in the company understands how they contribute to these KPIs.
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