Business Planning – Achieve Your Desired Results
People will plan their vacations, their weekend schedules, their meals for the week, etc., but, they don’t do business planning. They have a business and they run it well but are not achieving the financial results they expected. Day to day they go about their business making products, selling products, providing services or doing whatever their business does, and they aren’t sure why they are not making more money or they feel their expenses are too high but they can’t pinpoint specifically where the problem exists. Additionally, they are too busy, and in many cases not knowledgeable enough in planning, to determine what is causing the issues. Also, they don’t have anyone on the payroll who has the complete skill sets to perform analytics on historical numbers, prepare financial projections and perform what if scenarios. Does this sound like you? Fear not, we at Joseph F. Fragnoli, CPA, PC in Nashville, TN are here to help.
What if someone came along and offered you a service that would not tell you how to do what you do, but who would analyze what you do and help identify where inefficiencies may be occurring and what the impact of operational or financial changes could have on the bottom line. That person would work with you in preparing a complete analysis of operations and financial results and perform multiple what if scenarios. Additionally, the planning would incorporate not only the business activity and results, but the impact of changes on the owner/s personal financial situation and would include all other owner/s income and expense producing activities. For example, you may own a company, you may own rental properties, and you may have your equipment held in a separate legal entity from the business; all of these have to be considered and the related impact of a decision made within the operating company. What is the trickle down impact all the way down to you as an individual. Also, and this is where we, Joseph F. Fragnoli, CPA, PC in Nashville, TN, differentiate ourselves from many who try to provide this service, the TAX considerations and the impact on what you keep has to be factored into the planning.
Business Planning – The Decision Making Process
The decision making process is best achieved through true business planning and forecasting and these processes are intricate and take a multitude of skills to be performed properly. Medium sized and large multi-million dollar corporations pay CFO’s very large salaries to perform projections and analysis and to monitor the actual results to the projections on a daily, weekly and/ or monthly basis. But, your company may not be able to hire a high priced CFO. That is where we come in. No, we are not “business coaches” or CFO’s to business, we are CPA’s providing business analytical and advisory services with a third party independent view of your company, and its financial results and direction, and want to help you make and keep more money. We don’t pretend to know how to do your business better than you. We make objective analytically based recommendations and strategies for you to implement with your people. We not only make suggestions to grow the company or make it more profitable, but we can also analyze a prospective business decision and its financial impact on the owner/s bottom line. Remember this, a lot of money can be saved by avoiding the wrong business action.
Business Planning – Take Action and Achieve Results
So, if you are interested in a high level business planning/ consulting service to review your business and help you achieve your desired results, please feel free to contact us directly at (615) 678-4751. Let us send you a business assessment questionnaire for you to complete and then we can sit down and review your answers and analyze your numbers and then you can decide if you wish to proceed with the service. We can service anyone in the US. If you are in the Nashville area we can meet directly face to face, if not, we can utilize technology to conduct the meeting.