INTERMEDIATE REVIEW PACKAGE: ($2,000)
The Intermediate Review’s objective is to refine the plan of action, dig deeper into the business structure, and begin to address the business model problems keeping the business from reaching its full potential.
Our Intermediate Review includes all of the features of the Basic Review, PLUS:
If your business has employees, it is very important to formalize your organization so each person knows the chain of command.
Fraud and Embezzlement
Loss of income from fraud and embezzlement is a significant problem for small businesses. Many times, there are not enough people for proper separation of duties and owners must take special precautions to protect themselves.
The cost of employees continues to increase. It is important to monitor production and reward employees who achieve higher than average levels, and to replace those who do not meet minimum standards. Incentive bonus plans are extremely important for a business to achieve it’s maximum earning potential.
Often over looked computer security can cost a business a great deal of time and money. Backup procedures, security passwords and physical access are all important areas to address.
Once you are able to retain working capital, is it working for you? After you have worked hard for your money, it is time to make it work hard for you.
It doesn’t take very many items walking out the door or being lost to create significant losses for a business. Controls over inventory, tools, receivables, payables, and fixed assets are critical to minimizing losses.
For example, if you have a 10% net profit margin and you lose $100 of any item, it takes $1,000 of sales to make up for it.
In today’s litigious society, a small error in handling employee issues could cost you dearly. Payroll tax laws are very complex and riddled of traps. The right set of personnel policies can save you a lot of time and money.
Business Continuity and Retirement Planning
What happens if you get sick? How will you retire? How do you transfer the business to the next generation? These are all important questions that need to be addressed.
A business not properly capitalized will have difficulty surviving short down turns in the economy. There are many financial markers and ratios the help answer these questions.
There are many types of insurance available today. What types are a must have, should have and nice to have if you can afford it.
Need even more? Check out our Extensive Review.