Financials | Be Confident about Your Numbers
Are the wild up and down cashflow swings causing your stress?
Are you clear on the financial direction of your company?
Are you unsure about making a profit at the end of the year?
Solid Financial Position
GROSS MARGIN ANALYSIS
Do your prices include sufficient “fat” to cover for your overheads? This may be why you are struggling to make a profit. Really profitable companies are clear about their target gross margins. What’s yours?
Do you have a forecast budget? Do you measure your business against the budget? Are you tracking your work-in progress to get a true accurate reflection of whether you are actually making money in real time? Waiting for the end of financial years for the accountant to share the good (or bad) news is just too late.
Are you tired of experiencing tight cashflows and being in a position where you are unable to pay wages, suppliers and the taxman and wondering where all the money is gone? Cashflow is the lifeblood of business. Our Cash Flow strategies will help you restore a healthy flow of cash and give you back your sleep.
Do you have to watch your team constantly to know if they are being productive? Can you measure if your sales team is performing or not? We have a range of reports that will give you confidence about the health of the your business even while you are on holidays.
KEY PERFORMANCE INDICATORS
Your reports are only as good as the numbers that your track and measure. Do you know what key numbers to keep an eye on to ensure your business is on track? Do you have questions about how often you need to measure yourself? Some examples of KPI’s includes Monthly Revenue, Gross Profit Margin, Time Analysis, Capacity Utilisation and there is more.
Are you feeling confused about what and how to price correctly? What if you had a systems that enables you to price confidently so you win more jobs with the right fat in there for you? What if this enables you to easily and effortlessly generate a quote would this help you win more business?
ACCOUNTS RECEIVABLE PROCESS
Do you have many clients that are paying you late? Would it help if you had the right debt collection strategies, scripts and letters? Getting paid is the number one rule in business and slow payers is a major cause of stress for business owners.
SEE WHAT OTHERS ARE SAYING
“Over the past 3 years we have built an exciting team at Nobody Denim thanks to the guidance of Nik. During this period, we have double our revenue from 7 figures in annual revenue and established ourselves firmly in the eight figures. I remember before hiring Nik as my business coach, I was working ridiculous hours including weekend. He has guided me to become a better leader. He has taught me how to recruit the right leaders and the right talent. He has coached me on how to become a better leader and how to communicate effectively with my team. It is so much easier today to delegate on the outcome and trust my team to figure out the how. I have the choice to work less than 20 hour a week. I’ve learnt through Nik’s business coaching that the more I work on my business, the faster I grow my business.”
- Nobody Denim
“I run an HR consulting business called HR Gurus and we work with small to medium sized businesses setting up outsourced HR functions. After working with Nik for a few weeks, my business and my personal mindset has been transformed. It was hard to hold up the mirror and admit that certain things about my business and me personally had to change but I now feel totally excited about the future. Nik has helped me to reconnect with my passion and why I started my business in the first place. Nik helped me to focus on what I am best at and in turn what products I should be offering based on this. My business is leaner, meaner and set up to succeed. In the last 2 weeks I have signed 3 new clients on, which is total of $150,000 in sales, which is already half of what I did in the whole of last year!”
“Previous to my meeting with Nik, my services and customer base seemed so wide it was hard to clearly explain it to anyone. I felt fearful and lost and realised for the first time I didn’t have a clear marketing focus, therefore what I do is unclear to my clients. Nik changed that. I now feel a positive drive, passion and enthusiasm for what I can do to help individuals and companies with injury prevention and management. Nik challenged me with questions, thoughts and ideas that I had never even thought about, and his ability to grasp and understand my business and identify the niche market needs was amazing. He has helped me with sales and marketing and I have gone from making $800 a day to $4,500 a day. I honestly can’t thank Nik enough!”
- Worksite Solutions
“Hey Guys, I’m Mick Stillman from MaxPower Electrical. The 81up Business Coaching team has been instrumental in helping me establish my business system and move from a paper based business into the clouds. Things are so much different today. I used to have a stockpile of papers around the office. If you come to my office, you will find less clutter around my desk that’s a bonus. Even more exciting, I get to impress my clients. They used to have to wait a few days before I send them a quote. These days, I walk to site, measure up the place, enter it into my cloud based systems, create a quote, save it, send it and boom! Within minutes, it is in my client’s inbox. Follow up is so much easier and usually happens the next day. With this in place, I have noticed an increase in quote conversion. Less work, more money. Thumbs UP.”
- MaxPower Electrical
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- How to Get the Edge in your Industry and never have to worry about your competitors
- Scan your entire business to identify with pin-point accuracy which areas are holding back your business and how to turn it into your competitive advantage in less than 30 minutes
- Eliminate your 90 hours weeks forever with a highly scalable, systemised and profitable business that can run without you with absolute confidence
- Watch your revenue and profits grow while you enjoy the lifestyle of a truly successful entrepreneur