Perhaps your business doesn’t need the support of an acceleration program, however all businesses can benefit from one.
Why?
The Business Accelerator Program is designed to offer greater clarity, structure, and direction for your business; a roadmap to your future success which will provide improved focus for you, as well as your business partners and investors should you have them. It’s essential to clearly plan your future objectives and growth goals, as well as to methodically and realistically consider any potential obstacles along the way. It takes sustained and considered effort to continue growing a business, and many businesses fall into the trap of becoming comfortable; in turn creating that undesirable ‘ceiling’ for business growth. Good can be the enemy of great!
When you visualise, then you materialise – Denis Waitley
The RFS Advice Business Accelerator Program strives to make business growth part of your commercial DNA. Something that is monitored regularly and built into daily behaviours.
The program provides a comprehensive ‘helicopter’ view of your business and then looks to drill down into the structure and processes that deliver the results. The objective is to provide alignment behind the drivers of your business and focus on working on those drivers every day. Yes initially this is additional work but properly implemented it actually allows the principals to lift themselves out of working in the business and more time to work on the business.
It’s 2022 and we know all too well that challenges arise, and ‘surprises’ occur whether we are adequately prepared or not. When these events occur, it is easy to shelve longer term plans to deal with today’s problems. Your RFS BAP support is there to help you stay the course despite the regular noise you will encounter. Yes, deal with today’s challenge but do not lose sight of the bigger game plan.
From the helicopter;
- What value do you want your business to have, and
- what is your ideal timeline to achieve this?
We then explore the following:
- Your current structure and potential
- Existing agreements
- Your financials and what they can tell you
- Cash flow management
- Analyse product channels and profitability
- Building and monitoring annual and quarterly budgets and realistic forecasting
- Resourcing requirements and limitations
- Potential risks and their impacts and management
- Debt sourcing and management options
What these steps can generate:
- ‘SMART’ goals (Specific, Measurable, Achievable, Relevant and Time-Bound)
- Improved cost and profitability focus and accurate management systems
- Cost control
- Risk mitigation
- Optimised growth plans
- Greater business confidence and reduced financial stress
- Valuable transparency for business partners and/or investors
