New Year Action List 2012 - Chartered Accountants in London

On the eve of the new year, I thought it would be useful to offer some of my review points that all business should be able to use and benefit from...

Each one has the potential to make more profit, more cash, and greater business value, or not. It all depends on what you do with the information you generate...

If you need help or guidance on any of these services, we are here to help. THey all come with a 100% satisfaction guarantee. Moreover, we guarantee if you use the data properly, you will at least generate a 100% your Return on Investment (double what you paid). We believe we are the only Chartered Accountants in London to offer such powerful guaranteed.

1. SWOT Analysis leading to a
2. Strategy review (pricing, sales, market segmentation, marketing, delivery,finance, etc) and
3. Goal / Budget setting based on the above.
4. Create a Profit Plan on a Page and a 
5. Marketing Plan on a Page
6. Management Accounts Format and procedure review
7. Systemising as much of your business as possible (ongoing process)
8. Customer Care Procedure Review with a 
9. Customer satisfaction assessment
10. Team and Self accountability program
11. Board meetings with external business view
12. Review Tax Strategy for strategy plans to minimise tax charges with current alternatives.

In my opinion, if this suite of ideas is used fully and properly the following profit improvements can be made in the next 12 months

Current profits        Minimum Potential

£500,000 plus          + 20% 

£200 - £500k           + 20%

£100 - £200k           + 30%

Under £100              + 35%

Smaller clients can get a much better return as they usually have the poorest discipline and procedures.

In January, consider budgeting 2 days on the above to give yourself a fair chance of properly developing each fully.

I will be writing more on the above over the next days and weeks, so put a diary note to come back every fortnight or month for more. Gordons Knight are Chartered Accountants in London. Remember, the longer you take to implement the above, the longer it takes to reap the benefit.

Happy New Year

Not all Chartered Accountants in London are the same...Our External Financial Officer Service covers all these areas and much more.