Business Health Check
Quite often supporting a business when it starts showing early signs of distress can be crucial. We recognise that operating a business creates repeated challenges and with the current downturn in the economy, generating cash to invest is difficult with business owners having to constantly assess and adapt to the changing habits and demographics of their customers. The early adaptation and review with a fresh set of eyes/outside view of your business is a great way to generate new ideas on old problems and help you improve certain areas of your business to bring renewed growth and drive profitability. Business owners and managers who perform regular ‘health checks’ on their business in order to identify deficiencies may avoid potential pitfalls. We regularly speak with Business Owners who have the same worries : –
If your business isn’t trading to its maximum potential
Financial Pressures which is affecting your business relationships and personal reputation
Closure of your business. Lucas Ross provide a fixed fee Business Health Check to help you evaluate the current position of your business and provide a plan to tackle the critical elements affecting your businesses performance.
Identifying the warning signs in a timely manner may allow the business to remediate its issues while that remains within the control of the business. While every business is unique, there are some general warning signs, which amongst other areas we will explore: – Financial Statement Warning Signs
Cash Flow Warning Signs
Creditor Relationship Warning Signs
Operational Warning Signs
We recognise that Business owners, rightly having a strong emotional connection to their business. We will meet with you and your key personnel to review your company’s current performance identifying warning signs, formulating a plan to take the business forward and examine some key areas Of Improvement to Enhance Your Business Profitability. It is our commitment to review your business, rescue and recover it at every opportunity and enable you to have peace of mind.