The F Word Process – our structured and proven way to get the financial results you want in your business and your life
The F Word Process – our structured and proven way to get the financial results you want in your business and your life
A full financial health check of your business
Your Financial Health Check day is the first step in our structured and proven process for systematically improving the profits, cash and value of your business.
Using our unique F Word Financial Health Check Diagnostic we’ll take you and your business through a full financial health check.This includes your accounting data, systems processes and controls, financial skills, financial tools information and reporting, business protection, and of course your financial strength.
This is usually a full day (although for smaller businesses it might be half a day) and you’ll get a full report with a step-by-step proposal of exactly what your next priority actions are.
From here we can help you create your own financial strategy to create the life and future you want from your business. Knowing exactly where you are and where you want to be then lets you build the improvement plans to close that gap and to continually move you towards the business you really want. We can then support you with fixing things that need fixing, training your team on key skills that are needed, put the processes and controls in place, create the right financial information to drive the business, and then help you with specific projects that will add profit and cash, and grow the value of your business.
This is always a valuable day of insights and incisive consultancy. And there’s no commitment to go any further in the process if you don’t want to!
Financial strategy day
This is Deep Work Day to develop your personal and business financial strategy.
Using the results from your Health Check Day, and our other bespoke diagnostic tools we’ll look at what you want to achieve financially in your life, and from there create a profit and cash flow strategy, building the all-important buffer cash, and look at your growth planning and business value.
We’ll start building a prioritised plan to make sure can follow through. This will help us design exactly the right financial management information that’s moulded to your goals, focussed on only the most important things that will make the difference.
Getting straight & troubleshooting
This is where we fixing any issues we found in the Health Check Day to create a solid foundation to build your new strategy on – the usual issues include: profitability of the business model, where’s the cash, accounting and process problems, getting the data accurate, and balance sheet corrections.
Financial skills training
This is all about getting the key financial skills into your business; so training your book keeper or members of your finance team on the skills gaps found during the Health Check Day diagnostic, cash flow management, understanding accounting basics, and monthly accounting routines
Processes and controls
We’ll put in place the templates & checklists you need, a balance sheet control and reconciliation process, a reporting timetable, look at cost control and authorisations, fraud awareness and controls, payroll and vat controls, credit control procedures, and processing efficiencies, making sure you’re taking advantage of cloud and other automations.
Financial & management information
Having the right financial information is critical for any business, especially an ambitious and growing company, and the basic reporting from the usual accounting packages will never give you what you need. We’ll identify and create the information your business needs for financial control and success.
This includes our bespoke automated management reporting, budgeting, a business dashboard, cash flow reporting and forecasting, and flash-reporting. And we train your business how to prepare and use the information to drive performance, profit, cash and business value – to create your future.
Building profit, cash and value
Now we’ve got all the building blocks in place this is where we tackle the areas that are dragging your profit down and focus on the things that will have the biggest impact in putting profit on your bottom line, cash in your bank, and growing the value of your business. This is where things get fun!
Strategic planning, coaching and support
This is on 2 levels: ongoing coaching for your finance and management team to implement and embed your new financial control and reporting, developing the confidence, knowledge and skills inside your business.
And strategic coaching support to make your new financial strategy a reality. Overcome the challenges and limiting beliefs that hold you back, create powerful new habits, Deep Work, detailed planning and time management to get the important stuff done, health and stress management, and keeping things in balance to get the financial results you want, with a life you love!
Big picture planning with a fresh pair of eyes, critical challenge, accountability and an independent sounding board