Greavy & Co Accountants Dublin specialise in delivering expert accountancy and tax services to...
Thomas Greavy's insight:
We've devised a six months to success formula for growth oriented or startup business;
Step 1 is the Orientation Phase whereby we develop a strong understanding of the business goals and how it has arrived at it's current position
Step 2 involves an in depth, under the hood analysis of the current financial systems of the business to determine;
- profit margins, costs, payment terms, economies of scale
In step 3 we develop an actionable plan to uncover the hidden profits in the business by way of cost cutting, improved supplier arrangements, collections and tax efficiences. We are essentially clearing the clutter in preparation for optimum financial management
Step 4 sees the implementation of optimum financial systems and processes
In step 5, the final step of Phase 1 and together with the management we devise a detailed business plan for the management of the growth of the business over the following 12 months.
Phase 2 last for a minimum of 6 months and revolves around tight financial and strategic management and is essentially driven by the business plan. Each month detailed management accounts are prepared and key metrics highlighted. Monthly meetings will be held to review these accounts and the performance of the business against it's financial and strategic growth plans.
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