Framework/Agenda Business Review Meeting
Summary
1. History
2. Goals/Plans
3. Current Situation: Financial
4. Current Situation: Brainstorming
5. Growth
6. Coaching/Mentorship
9. Business Financing
10. Management Information
Framework/Agenda Business Review Meeting
Detail: Not All Areas Can Fit in a Single Meeting. We can focus on YOUR Areas of Concern!
History: Personal History- “Why?” in Business
Business History
Past Business Performance
Goals/Plans: 1/3/5 year plans/goals?
Exit Plan
SMART Goals
What income is required?
Current Situation:
Financial: Turnover
GP and GP%
Net Profit
Business Property (Who owns? How?)
Cash
Debt
Brainstorming: SWOT (Strengths, Weaknesses, Opportunities, Threats)
Growth: Potential Market size/location
Pricing (sensitivity)
Web page
Social Media
Branding/Stationery
Woo Chart
Products/Range
Grading System- Gold/silver/bronze/tin/bin: 80/20
Payment Terms/DD/SO- Cash is Reality
Referral System
Coaching/Mentor “5 Ways”
KPIs
Dashboard
Discipline/Plan Implementation
90 Day Planning Spreadsheet
Default Diary
Timesheet
Frog List
Growth Accelerator
Systemisation
Tax Planning:
Business: Business Structure
Capital Additions: Annual Investment Allowance etc
Pensions
VAT (Cash Accounting/FRS)
Personal: Profit Extraction
Car
Pension
Other income/rental
Business Financing:
Where is the Debt?
Bank Finance
HP/Lease
Peer to Peer/Crowd Funding
Government Support Loans/Grants
Apprenticeship
Management Information:
Accounting: Monthly Management Accounts (Used and Understood?)
Bookkeeping System (Cloud Based?)
Payroll System RTI/Auto Enrolment
Year End Accounts and tax produced promptly (no surprises!)
Pre Year End Tax Meeting
Forecasting including Cashflow
Production: Most profitable Products. Do you know?
Systems: (Lean & Mean?)
Staffing (The Right People On The Bus?)
Investment In Technology
“Virtual PA”
