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Xero – Gold Partner

myCFO

Equipped to succeed

GOAL SETTING & STRATEGY

There's no denying the importance of business goals. Goals provide direction, motivation and a clear way to measure progress. Without goals, you may struggle to find the path from where you are right now to where you want to be.

Our goal setting program helps business owners identify and set clear goals and objectives that we use as the foundation to establish a strategy to achieve your objectives.

 

ACTION PLAN

In order for a strategy to be successful someone needs to do something. You have to deliver on your intent.

Once the goals and strategy are set it is critical that the necessary actions to achieve them are investigated, clarified and agreed. We work with the management team of the business to examine the brutal truths of your business so that an action plan with agreed deadlines and areas of responsibility can be agreed ready for implementation.

 

ACCOUNTABILITY

Lack of discipline is one of the biggest reasons why business owners do not achieve their goals. Strategy and the action plans to support those strategies are like a wheelbarrow, if nobody picks it up and pushes it, it just sits there.

Our monthly or quarterly accountability program introduces external accountability and therefore discipline into your structure in order to prevent you failing to implement. It also provides you a management framework to ensure that you have all the vital information you need to stay on track to achieving your goals.

 

FINANCIAL TARGETS

Making money is a critical component to achieving your goals. It is not usually a goal in itself – but money does allow you to achieve your goals so it is therefore important that it is a resource that is maximised.

We work with businesses to establish clear financial targets and key indicators to measure and monitor performance. Once in place, we use them to report on your progress toward your goals and to highlight areas of the business requiring improvement.

 

BACK OFFICE ADMINISTRATION

Many businesses struggle to implement an effective back office into their business. As a result communication gaps exist, critical deadlines are missed, and financial errors are often made, all resulting in negative impacts on your cash flow or your lifestyle.

Our back office solution implements processes and procedures that can attend to most of your back office functions. These include data processing, bank reconciliations, accounts payable, accounts receivable, cash flow management, debt collection, payroll administration together with all taxation compliance activities.

 

REGULAR REPORTING

It is often said that you don’t know what you don’t know. This is completely true in business.

Our agreed reporting framework ensures that you have all the business or financial information that you need to implement your strategy and achieve your goals.

 

PERFORMANCE DASHBOARD

Having access to real-time data can give most businesses an unfair advantage.

Our online performance dashboard tells you the financial information you need to know when you need to know it. This ensures you have clarity on not only how your business is performing but what the impacts of any changes have been.

 

REVIEW AND RESET

Most business owners do not take the time to reflect on their actions to review possible struggles and successes. It is important to reflect and identify which of your plans hit the target and which missed.

At agreed milestones, we work with you to review and reflect on the accomplishments you have made and the activities that were maybe not as successful. By doing this we help you reset your strategy and action plan for the next cycle of activity.

Gloria Rowett, Marion Holiday Park

Kerri Stutley, Tumby Bay Foodland