Business Planning – Get a Business Performance Review
What is a Business Performance Review?
When performing business planning services a great starting point is “A Performance Review”. At Joseph F. Fragnoli, CPA, PC in Nashville, TN, after having our clients complete a TRUST Assessment (TRUST Assessment) the first step we take is to complete what we call A Performance Review. We input financial information taken from prepared financial statements or tax returns for the past three years, or, if your accounting is done in a cloud based software such as Quickbooks Online or Xero, we can directly download it into our software. We also input some non-financial based information pertaining to such things as number of employees, ownership information, etc. Then, we perform numerous calculations measuring up to 18 KPI’s (Key Performance Indicators). These KPI’s include cash flow analysis, liquidity ratios, accounts receivable turnover and many more.
How Do You Perform Against the Benchmark?
Have you ever measured your company’s results against the benchmark for your industry? There are numerous sources that accumulate all sorts of financial information about businesses in almost all industries. This information is available to the general public. In performing business planning services and business performance reviews, one of the services we perform is to measure our client’s financial performance against the “benchmark” for their respective industry. We want to see how the company is performing; where they are excelling and where they fall short. This enables us to pinpoint areas where we know the company is not performing as well as competitors in the industry and where we can begin the process of helping our clients improve their business performance.
The Next Step
If you are interested in business planning services that incorporate services like “A Business Performance Review” and a “TRUST Assessment” then please reach out to us a firstname.lastname@example.org, us at (615) 678-4751 or complete the contact tab on our website and we will get back to you shortly. Take the next step toward building the business you have always dreamed about. Build the systems and processes that allow you, the business owner, to work on your business rather than in your business. Develop the ability to take more time off, have a succession plan and maximize the value of your company. The value of business planning services like this is priceless.