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Introduction

Introduction to Beyond the Numbers

3

Measure your performance

How is your business performing against your forecasts and targets.

Once you have created your forecasts and budgets (see Develop your plan) you need to systematically measure your actual performance and compare it to your targets.

Traditionally this takes the form of management accounts, i.e. monthly profit and loss accounts, balance sheet and cash flow.

However, most businesses recognise that traditional management accounts do not give them enough information to really drive their business forward. Most successful businesses therefore use Key Success Drivers (also known as Key Performance Indicators or “KPIs”) so that they can really understand what is happening while there is still time to do something about it.

So to be more successful your should systematically identify and measure Key Success Drivers/KPIs for every key area of your business.

We can help you to:

  • Measure all the key things that really matter
  • Discuss all the key issues raised
  • Get the bookkeeping right
  • Produce management accounts
  • Create a one page plan to help you measure performance against targets monthly

If you would like to have a chat about this, give us a call

  • Val and her team came highly recommended to me when I was setting up United Employment Lawyers. From day one they became integral to our business. Thanks to them we have a seamless, fully integrated process for dealing with all of our book keeping and accounting requirements. Apart from being highly efficient and competent, all members of Val’s team are friendly, responsive and a delight to deal with.

    Malcolm Mackay, Managing Director, United Employment Lawyers

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How Beyond the Numbers will help you…

We believe that you should want more from your accountant and we are happy to help you with our 9 step plan towards performance measurement and improvement.

  • The Numbers

    We believe that you should want more from your accountant and we are happy to help you with our 9 step plan towards performance measurement and improvement....

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  • 1. Set your goals

    We believe that you have to look at both your business and your personal life if you are going to set goals for the business as the two are intrinsically linked – through you!...

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  • 2. Develop your plan

    Having identified your goals you need to convert these into a business plan so that you know what your business needs to do to help you achieve these goals....

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  • 3. Measure your performance

    Once you have created your forecasts and budgets (see Develop your plan) you need to systematically measure your actual performance and compare it to your targets....

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  • 4. Your annual accounts

    Every business is required by law to produce annual accounts and of course those annual accounts must comply with all the relevant rules and regulations....

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  • 5. Understand your business trends

    It is almost impossible to evaluate how well you are doing in business by looking at one set of figures from one financial year. Performance is always relative....

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  • 6. Benchmark your competitions

    Benchmarking is one of the most commonly used management tools in the world and it’s not hard to see why....

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  • 7. Value your business

    Is one of the reasons you own a business to create value for yourself? In other words, do you want to build a business that is actually worth something when you want to sell it or ...

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  • 8. Improvement potential

    Most businesses always have room for improvement and it can be dangerous for a business owner to sit back and assume that everything is going really well and will continue to do so...

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  • 9. Improvement action plan

    Nothing changes until something changes so you need to develop and implement an action plan....

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Get in touch today

Book an appointment and we’d be delighted to tell you more
about our experience helping other clients in your sector.
We’d love to help you, too.

get in touch

Get in touch today and let’s discuss “The numbers”

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