Beyond Beans – Part 2
We have one key goal in mind for our clients: to improve business owners’ lives.
As I’ve said earlier (Beyond Beans Blog Post), we always try to use technology to help improve your financial processes. That helps get you a basic “must have” of financial management: numbers you can understand, and rely on to tell you how your business has done.
But… that’s just the start. Business owners have been telling us they need positive intelligence. That means information that brings insight and helps them improve their decisions.
A few things have changed since I wrote that blog post:
- The world has become more complex (hello, Covid, supply chain, inflation…). It’s even more important to get the right information and advice.
- Technology’s also moved on, which makes it easier to do this at scale. Even 2 years ago, the difference between businesses made it very hard to build tools that could be used in many places. Meaning, a lot of tailoring – which increased the cost of insight.
We’re proud to tell you that we’re bringing forward two new offerings: business valuations and business dashboards. These will be offered under our Powered Growth services, which are our advisory services. We’re excited about these, and hope you’ll find them interesting and valuable.
So to introduce you to these new services we’re hosting two free webinars to tell our clients (and other friends) about these important topics.
Business Valuations: Why you should know what it’s worth
– September 22, 2022 @ 1:00 pm
We like to call the value of your business “the ultimate metric”. After all, many people go into business to create wealth for themselves and their families. In many cases, the business forms a significant part of that wealth. So, it’s useful for understanding your overall financial position.
But there are other reasons to understand the value of your business – and changes in it, over time. The drivers behind a business’ value are closely linked to those that affect how much cash the business can be expected to generate for its owners. If you understand those drivers, you can change them. (See our earlier blog post on Business Valuations if you would like a refresher!)
This is an important insight, even if you have no immediate plans to sell your business. It’s particularly valuable if you’re planning to sell within the next 5-10 years, and want to understand how you can get the most for your hard-built business.
What’s new…. The biggest challenge to date has been how to calculate that value. Often it’s a painful and fairly hefty process. We’re proud to have partnered with interVal, whose proprietary software can generate a current business value almost instantly, using your cloud or other accounting data.
Did you miss our: Business Valuations: Why you should know what it’s worth webinar that took place on September 22, 2022 @ 1:00 pm to 1:30 pm. Click the button below to access the webinar recording:
Business Dashboards: Why they provide valuable insight
– October 13, 2022 @ 1:00 pm
Our clients get robust financial information. But that comes in a fairly standard format, that only tells you a small part of the picture – and, let’s face it, there aren’t many people who like reading financial statements!
We can now show you the key drivers of your business on a beautiful, financial dashboard – that is much more intuitive and understandable. All businesses have some goals in common (eg. aiming for profit) – but they’re also unique. Your dashboard would be tailored to reflect these common items and also what makes your business different.
We can combine financial metrics – for example, how is your revenue trending, once you take out seasonality – and non-financial metrics – for example, revenue earned per paid labour hour.
Sign up for our webinar: Business Dashboards: Why they provide valuable insight which takes place on October 13, 2022 @ 1:00 pm to 1:30 pm. . Tell us what information you need to know about your business – and why you haven’t been getting it!