The Burns Firm plays a vital role in assisting businesses to improve the use of their resources and increase their efficiency. The technical knowledge and business experience available in our firm provides the basis for a broad range of consulting and advisory services.
Business Plans
A strong business plan is a key element in the foundation of a successful business. Start-up ventures, as well as established companies, need a business plan to build on, to steer the company, and to achieve the desired goals of all involved.
We can assist in all aspects of the preparation of a sound business plan.
Cash Flow
Cash flow is the lifeblood of all businesses and most decisions made revolve around the ability to accurately control and project cash flows. We can help establish cash flow models, build in cash controls and monitoring systems, and design and implement procedures to improve collections and budgets. Many financial institutions are now requiring cash flow projections in addition to basic financial statements as part of their loan requirements.
Forecasts and Projections
Financial forecasts and projections are continuing to become more important in all aspects of business, for financing, mergers, sales, acquisitions, business valuations, and planning. We can utilize our business experience to assist in preparing forecasts and projections and in arriving at the necessary assumptions needed to create realistic expectations.
Financing Assistance
Financing a growing business is among the owner’s greatest challenges. We can use our experience and financial knowledge to explain financial needs to a loan officer or other financial partner in a logical and organized way. The result can be a well-structured loan with appropriate collateral for the bank, a reasonable debt level for the borrower, and a realistic repayment schedule for both.
We can assist in the preparation of the loan package, a critical ingredient to a successful loan proposal. Our advise on structuring an equity/debt transaction with venture capitalists, “white knights”, or underwriters is valuable when making a financial move.
Management Information Systems
Many years of hands-on business experience allows us to design and assist in the implementation of accounting systems to fit the individual requirements of most businesses. We can analyze existing accounting systems and recommend improved controls to increase efficiency.
Internal Controls
Safeguarding the assets of the business is always an important concern. As a business grows, more and more risks to these assets appear. We are knowledgeable about these risks and can suggest and implement control procedures to protect your assets.
As advisors, CPAs are bound by a stringent code of professional ethics in maintaining objectivity and integrity in all engagements. Consulting services provided by our firm combine a wide range of business knowledge and skills, with knowledge of your industry, to best meet the needs of your organization.