During my successful career as a specialist in the area of financial performance, I have studied, observed and utilised many different methods in analysing financial performance. I have identified and whittled down the proven methods that work and summarised them into a basic but very comprehensive strategy which I have personally implemented and experienced success over and over again. Some of the largest Fortune 500 listed companies on the NYSE use these very methods in building shareholder value from their investments. You too can access my toolbox to turn your business into a high cash generating business and enjoy the fruits of your labour.
How do you ask?
You already know that business success does not happen overnight. My toolbox is an investment of time and strategy. There are always quick wins that can be achieved very quickly after an initial assessment, but to truly extract the most benefit from what you have, a longer term strategy is required. In summary, the execution of my toolbox involves the following steps:
Will this work for my business?
This toolbox has been proven to work time and time again with many success stories where business were bought cheap; then with only the application of this toolbox have achieved outrageous selling prices only a few years later. I know what you’re thinking. You’re thinking this is one of those slash and burn exercises where costs are cut to the bone and for a short unsustainable time it looks as though the business is making killer profits. I can assure you that is the complete opposite of that strategy. My toolbox actually embodies a sustainable growth strategy. Using the tools I will implement for you, you can continue to run your business successfully forever. The largest corporations use the same techniques in running their 100 year old companies and they are around today because they saw the benefits of using simple, customer focussed, disciplined techniques in everything they do in business.
Some of the main drivers of the toolbox is understanding where the value add lies in your business. Once that is understood, we look at how do we service our customers and how do we provide the best experience to those particular customers where make the most profits. We will seek to simplify and remove complexity from how we do things. It has been established that many companies have over time unknowingly incorporate complex systems and convoluted wasteful processes into their daily activities that add no value to the end result. Complexity costs you money!!
Do you really know what your staff do and how they do things? Your profits will naturally increase with simplicity. The ongoing maintenance on how we now do business will require discipline across the board. Once we have reached this stage, we seek to introduce innovation. Your business landscape is forever evolving. Cultivating a culture of innovation in your business will ensure you not only survive but thrive with long term prospects and new aspirations.
This toolbox can be used in any organisation. I have personally applied these techniques in manufacturing companies; import and distribution companies and even not for profit entities.
This article is an introduction to the world of business improvement strategies aimed at providing long term benefit to organisations. I hope to have struck a chord with you and you have found some benefit in reading this article. Should you wish to find out more, I invite you to get in touch with me.
Based in Melbourne, Peter Katsos, founding Director of BIS Consulting can assist you with building shareholder value. With over 20 years commercial experience forged with SME’s in manufacturing and sales & distribution, he is has a wealth of financial experience aimed at transforming businesses into high cash generating sustainable profit making enterprises. BIS Consulting was established in 2013 to service SME’s. Talk to us about our experience in this area. Contact us here. Or better yet call Peter today on 0400 566 574.