Business Improvement Plan
Our Services: For BusinessesGrow your business with a Business Improvement Plan
Often businesses struggle with the next phase of growth, don’t know where to streamline, and are stuck on where to improve. It is important to quickly find the cause of the problem and get help to fix it, so you can continue to grow your business.
Some accountants just focus on the numbers when their clients ask for improvement advice and support. At Nexis Accountants and Business Advisors, we take a different approach. We work with you to identify the cause and address the problem. To do this, we look at your whole business, not just the numbers.
Our Business Improvement Plan is a unique advisory service we offer to small, SME, and multi-owner businesses to de-risk and enable them to run better businesses.
What is a Business Improvement Plan?
Through thorough analysis, a Risk and Value Driver Assessment, a business SWOT analysis, and a workshop, we identify key business risk areas and where your value drivers are. This is delivered to you in a report with agreed action items to protect your business from the impact of key internal and external risks. By implementing these action items, you can improve the performance, and ultimately grow the value, of your business.
Having access to real-time, accurate financial information and being able to benchmark your business is an integral component of improvement planning.
The Improvement Strategies and Action Items section of your report lists a range of different actions you have identified to address and resolve your key concerns.
Stage 1 - Business Analysis and Workshop
A key outcome of this stage it to create a shared vision to improve the performance of your business.
We start with a Business Risk Diagnostic Survey which results in a Scorecard that identifies the types of risk in your business.
We will conduct a comprehensive review of qualitative risk and value drivers that affect your business performance, including:
- Industry trends
- Benchmarks and KPIs
- Growth, risks, and competition
- Systems and technology
- Ownership, staff, and customers
- Value, finance, and succession/estate planning
In a face-to-face two-to-three hour Workshop, we will work together to prepare a SWOT Analysis of your business and agree on the Business Improvement Strategies tailored for your business.
Stage 2 - Business Improvement Plan
On completion of the Workshop, we will prepare a Business Improvement Plan which includes:
- Risk and Value Driver Benchmarking Analysis
- Your business Strengths, Weaknesses, Opportunities, and Threats report
- Business Improvement Goals, Strategies, and Action Plans
On completion of stage 1, we develop a detailed Business Improvement Plan, which includes:
- Summary of key points and outcomes of your Risk Diagnostic and Workshop
- Your SWOT analysis so you understand more about the whole of your business including internal and external factors
- Industry benchmarking information with risks scores and improvement planning KPIs to help improve your business performance
- Business improvement strategies and action items to be implemented so you can grow your business.
Stage 3 - Implementation
We understand some of our clients may need help and support to implement their Business Improvement Plan action items. The initial support required is often business planning, but the advice and support provided by a trusted adviser go well beyond looking at the numbers and into business growth, long-term goals, managing risk, and improving processes.
We can help you how to set your business goals to focus on the action items. We can help enhance your strengths and create opportunities to grow and improve your business processes.
Tailored support
Nexis offers tailored support so you can successfully implement your Business Improvement Plan through the following services:
Management Accounting
Ideal for small businesses and SMEs, we can help with accurate financial accounting for your business.
Business Planning and Mentoring
Our small business clients benefit from our business planning services.
CFO Service
Nexis can manage and advise on your profit and cash flow with our CFO service. Perfect for our SME clients, you can use us as an outsourced CFO.
Advisory Board
Medium-sized businesses benefit from our board of advice program, which helps you grow and transition the value of your business.
Go one step further with a business valuation
Successful business owners are checking the value of their business every year, as part of their family wealth creation plan, and to reduce their value gap risk.
Our Business Valuation Service will show you the true value of your business and can be easily updated to highlight changes over time. The key outcome is an accurate, cost-effective valuation assessment of your business.
You can also your business valuation when selling your business or planning for succession or asset protection.
Our valuation processes, systems, and reports comply with international accounting valuation standards and regulatory requirements.
When inquiring about a Business Improvement Plan, ask how you can add on our Business Valuation Service.
Enquire now for your Business Improvement Plan
Find out how to improve your business by enquiring below.
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