Profit plans provide a 3-way forecast comprising of a balance sheet, profit and loss statement and cash flow statement. These plans are important to optimise business performance, through strategic timing of plant acquisitions and review of funding options.
Revenue Growth Plans
Revenue growth plans provide a comprehensive strategy to increase the total revenue of your business.
Cost Reduction Strategy
Once Lovetts has identified the current costs incurred by the business, we will assist you to develop strategies to decrease both your fixed and variable costs.
A profitability analysis is the calculation of the gross profit per sale line item, service offering or customer account and determining their contribution to total profits to help businesses determine which products or lines they should expand or retract.
Working Capital Fixes
Lovetts can advise on working capital fixes by implementing the strategies to decrease the time between businesses ordering goods and receiving payment for them, assisting the negotiation of extended credit and the use of an overdraft and other facilities.
Business Start Up
Business start up involves the identification of start up costs, registration of the business, cash flow and business planning, plans for raising capital and the development of a business plan, risk review and strategic plan.
Key Performance Indicators
Key performance indicators are measurements that indicate the success of a business, such as; revenue, profit or forward orders. Regular review of KPIs highlights potential opportunities and problems.
A cash flow forecast is a forecast of future cash receipts and cash payments on a monthly or annual basis. It is a common requirement for obtaining bank finance however it is also an essential element of proper planning and business management. Three way forecasts are our speciality.
Business planning is the process of developing a plan to establish a new business or grow an existing entity. Business modelling is the projection of possible changes in order to develop contingency plans.
Raising Capital (Assistance)
Assisting with raising capital is the identification of the need to raise finance within a business and the production of the required supporting documents and working with financiers.
A risk review is a component of a business report that identifies the material risks of that business or business proposals. A risk report forms the basis of the development of preventative and contingency actions to manage the risk.
A strategy review is a growing orientated plan for strategic expansion and the identification of strengths and opportunities in order to increase long term business growth