Many small business owners have a strongly guarded secret. They simply aren’t on top of their numbers. They might have a good handle on cashflow and a business that has a healthy turnover, but without having their bookkeeping updated regularly, the truth is they are holding back their growth.
Businesses that review financial reports regularly find it easier to plan and make adjustments quickly to ensure the business is set on a path of healthy incremental growth. Your sales team may be crushing it, your delivery team’s productivity at it’s peak, but it doesn’t count for much if your expenditure is out of control. Keeping a watch on financial reports will move your business forward.
If your business has more than one director or multiply shareholders, financial reports become even more important. Examples of business who use this service are:
- Small businesses that simply want clarity
- Businesses that are working with a coach
- Companies with a board of directors
- Shareholders who require specific reports on deadlines
- Companies which have received funding
- Fast Growth businesses