You have to understand your business today…
Revisiting Business Strategy
Does my current business strategy align with my long-term growth goals?
Can my plan be adjusted to match the current landscape?
What trends in the market today impact those decisions?
Revenue Generators
Have I broken down my profitability by service offerings and product lines?
Monitor Spending
Do I know in what areas I am over and under budget?
How often do I compare my actual spending to my budget?
Cash Flow Analysis
Does my current cash flow forecast allow me to fund operations and expand my business for the next 12 months?
Operational Efficiency
Am I allocating business resources appropriately?
What technologies am I leveraging to increase operational efficiency?
Financial Components
What financial ratios do I need to look at in order to best evaluate the financial strength of my business?
Have I conducted a break-even analysis?
Management Compensation
Do I have the right key employees to grow my business and how do I keep them motivated?
Benchmarking
When was the last time I compared my business metrics to industry averages?
…in order to grow tomorrow
Product Expansion
Have I done an analysis of the costs associated with starting a new product or service line?
Market Expansion
Do I have the business capital to expand into new markets and will it be sustainable?
How do I effectively penetrate new markets?
Does my plan account for the costs of marketing and business development?
Employee Incentive Plans
Who are my key employees and how can I motivate them to grow revenues while containing costs?
Joint Ventures
What are the economic pros and cons of entering into a joint venture to increase my capabilities?
Mergers & Acquisitions
How can I best navigate mergers and acquisitions?
Valuations
When and why should I get a valuation on my business?
Sources of Funding
Equity or debt financing, which is right for my company at its current stage in the business lifecycle?
Tax Credit Subsidizing
What tax credits are available to my business as we continue to expand?
Banking Relationships
Will my current banking relationship(s) provide the opportunity to fund business growth?
How far do you want to go?
Thought starters to get the ball rolling