|
Our
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.
A strong business plan is a key element in the
foundation of a successful business. Start-up ventures, as well as
established companies, all 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 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.
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 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
also assist in the preparation of the loan package, a critical ingredient
to a successful loan proposal. We can also advise on structuring an equity/debt
transaction with venture capitalists, "white knights", or underwriters.
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 also have the ability
to analyze existing accounting systems and recommend improved controls to
increase efficiency.
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.
The effective use of computers requires an understanding
of data processing technology, the business planning process, the use of
management information for planning and control, and the application of
accounting and other controls essential to an effective system. This
capability is becoming increasingly more important as management systems
become more vital to all aspects of a business's success. For these
reasons, we need to be an integral part of the selection process.
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.
|
