Improve your cash flow
Book a complimentary 30 minute call with a financial co-pilot and uncover profit and cash flow opportunities
Meet the NEWCASTLE CFOs
Think of us as your Financial Co-Pilot, taking responsibility for your business numbers and financial challenges, so you can drive your business and make money.
If you want to grow your business but are struggling with profit and cash flow, I can help. I’ve worked with clients to help them get the fundamentals correct, ensuring their business is sustainable and prepared for taking their business to the next level. What are some of the fundamentals?
– Understanding the true cost of your product or service is vital to ensure a good profit margin.
– Controlling variable costs and overhead costs to keep profits on track.
– Managing cash flow to utilise the peaks and survive the troughs in the cash flow cycle.
– Ensuring that financial reporting is not only accurate, but provides the information relevant to the successful operation of the business.
– Proper planning including meaningful budgeting and long-term strategic planning.
These are examples of a couple of businesses I’ve helped in the past to achieve great outcomes:
Health Care Call Centre After 5 years of operation, the business had only managed to achieve a breakeven result.
The key issues I identified and addressed:
– Pricing – created an accurate pricing model, which protected the business when it grew substantially.
– Contracts – helped negotiate and win a large contract with fair pricing and reasonable clauses.
– Operational KPIs – introduced daily reporting to ensure ‘variable costs’ were managed.
– Overhead
Costs – Implemented precise budgeting and authorisation controls. As a result revenue increased from $35m to $70m in two years and profit increased to 9% of revenue.
EFTPOS Equipment Supplier, The business was growing rapidly across the Asia Pacific Region and struggling to manage the growth.
The key issues I identified and addressed:
– Cost Structure – analysed the costs and implemented controls, which protected the business as it expanded into new countries.
– Pricing – introduced a model that was accurate and easily transferrable to new markets.
– Debtors – implemented strict credit control and collection procedures.
– Stock – ensured procurement was controlled in line with known requirements.
– As a result savings of $350k p.a. were identified and the business managed to maintain an annual growth rate of 25% pa. without requiring additional borrowings.
If you have an aspiration to grow your business and would like to discuss your goals and plans, I would love to hear from you.
Discover the Power of an Hour with Andrew Free
What are the benefits?
CALL CFO ON-CALL
1300 362 436
A quick summary of the benefits to you:
- Access to experienced financial experts: Have the brightest financial brains on hand in an instant via Skype or other online meeting systems, as if they were in the office next door.
- Your time is more flexible: Meetings can be online and at times that suit your busy schedule.
- Growth and planning guidance: A Virtual CFO can help you with growth and profit planning and can prepare projections for your bank or lender.
- Strategic advice: A Virtual CFO can work with you on a realistic financial strategy to improve cash-flow and profit and help guide you and the business towards it.
- Support with navigating complex issues: Have an expert help with pricing, costing, margins, targets, interpreting management accounts and providing you with useful reports that you and your staff can easily understand.
- Seamless systems: Documents can be shared, collaborated on and stored online. Final accounts and recommendations can be presented, just as if you were sitting together face to face.
- Profit growth: Most importantly, regular clients make a 51% improvement in profit. Why not your business? Click here to learn more.
The cost benefit:
- You don’t have to employ someone full-time or part-time to do the same job, freeing you from the responsibilities and on-costs of employment.
- Most of the Virtual CFO’s time input will take place at their home office or online. You won’t be required to provide office space or equipment to accommodate their needs, and they spend little or no time in traffic or travelling. They work more efficiently and cost you less.
- Fewer people in transit getting to and from workplaces is good for efficiency and the planet.
Testimonials
If we aren’t in your area, we can do it virtually!
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