What is a Business Review?
Avid Partners business review service has successfully supported business owners and managers in several different sectors in returning their business to increased sales, profitability and improved personal wealth. The objective is to use some structured time away from the flow of business activity to assess how the business should move forward. The process is designed to enable a clear consensus on what needs to be done, based on a thorough analysis of the current position and available options for developing the business. Clients normally request Avid Partners assist them in carrying out such a review because it’s hard to do it by yourself. Bringing in an experienced outsider can challenge you to think deeply about each stage of this process and come up with much more valid conclusions.
In depth analysis of the business will look at the following areas relating to the business:
- Industry, market sector, trends and key success factors
- Competitor performance, advantages and differentiators
- Company products, services, distribution and structure
- Sales results, market share and client profitability
- Marketing strategy performance, mix and budget
- Organisational resources and competences
- People, training and investment
- Market research
What are the Key Benefits?
- An independent assessment by an expert
- Increasing the sales performance of the business
- Increasing the bottom line performance
- Improving cash flow and the management of working capital
- Written roadmap and strategic plan for the business, supported by a strategic review
- Increased cost efficiencies through a finance review
- Learn how to “Make more money”
What is involved in a Business Review?
1. Where Are We Now?
This stage involves analysing the company’s strengths and weaknesses, how well it addresses the needs of buyers and markets, and how it compares with its competitors. An assessment of operational effectiveness will be done, that looks at people, processes, and organisational responsibilities. The purpose is to establish a solid and agreed start point for the remainder of the project. This stage often highlights differences of opinion between people within the company, and builds consensus about what needs to be done, and why.
2. Where Could We Get To?
In the second stage, the strategic review options are identified. Research and analysis includes the sizing, profiling and segmentation of markets, and considering the options available for development of products and services through options such as organic growth and strategic partnerships.
3. Where Should We Get To?
Based on the analysis in the first two stages, a selection of the appropriate objectives can be made from the strategic review options that are available. This includes the selection and prioritisation of the initiatives that will be required. Deeper research into the chosen market opportunities is often required in order to complete this stage effectively.
4. How Do We Get There?
In the final stage, an operational plan is developed, based on the differentiated value proposition that has been developed during the first three stages. The offering to each market or market segment is defined. The requirements for the development of the company’s people, processes and organisation are defined. Targets are established in this stage, along with the definition of the metrics that will be used to evaluate success.
What Do You Need to Do?
Our Business Review can help increase your sales, improve cash flow, generate cost efficiencies and provide you with a written roadmap and strategic plan tailored to your business, thereby helping you make more money. A Business Review, Strategic Review and Finance Review are all incorporated in the process. If you think your business could benefit from a Business Review by Avid Partners Accountants and Business Advisers contact us today. Our review is normally carried out at your business premises and can be completed in as little as one day with minimum disruption and cost to your business while generating both short and long term benefits.
So are you willing to spend some time working with us to improve your business? If so contact Avid Partners today to see how we can assist your business through our Business Review Services. Arrange a free consultation with us to talk through the specific aspects of your business and we will tailor a package to match your needs. You can phone us on 01 4286900, email us at advice@avidpartners.ie or alternatively you can fill out the form below.
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"A breath of fresh air. Your firm demonstrated enormous commercial understanding in turning around negotiations with a potential target vendor. I admire your style and ability to drive the deal forward. Many thanks." -
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"I have dealt with Jamie O' Hanlon, of Avid Partners - Accountants & Business Advisors Chartered Certified Accountants, for a number of years as he is auditor to one of my clients. I have always found him to be professional and responsive in his approach." -
"Service is second to none; there is always someone at the end of the phone for any business advice. The staff are very easy to get along with, very approachable and know exactly what they are talking about" -
We at Fitzies Bar have worked with Avid Partners - Business & Financial Advisers for over five years. We find that the advice and support offered to us in addition to all of our book-keeping requirements to include payroll, VAT, etc. is invaluable and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners. -
Jamie and his staff are a pleasure to work with. They respond promptly to any queries we have and are critical to our financial planning and the future needs of our business. I would highly recommend them to anyone interested in accounting services. -
We at Stillorgan Cycles have used Jamie and his Team at Avid Partners – Accountants and Business Advisers for over five years. We have found that the retail advice and support offered to us is second to none and has helped to contribute to our continued growth especially in these challenging times. I would have no hesitation in recommending Avid Partners. -
I met Avid Partners through a local business networking group. We had been using the same accountants for years and found that in these harsh economic times that we were not getting good enough value or service. We were very impressed by the company's professionalism and enthusiasm and genuine interest in helping us get the most out of our business. As a result we are now clients of Avid Partners and are thrilled with our decision. -
After meeting Avid Partners with a view to changing our accountants, we came away with a better deal financially and a feeling that we were in capable hands. We feel that Avid Partners has a personal interest in the welfare of our business. Avid Partners have given us great advice, help and support and respond to our day to day queries with speed and efficiency. We feel it was a great move for us to change to Avid Partners.
