'Businesses Benefit from Periodical Reviews
of their Performance and their Strategies'

ANNUAL REVIEWS
Every business should regularly review its situation and performance, making an assessment of its health, and its ability to maintain a profitable future. This requires a dispassionate view of all the key factors, whether that is sales mix, gross margin, productivity or non-productive time, overheads, financial costs, stock turnover, etc., etc. However efficient a company has performed in the past it needs to vigilant to dangers of becoming complacent and staid, or worst still having a number of small reductions in performance that could add up to a major threat.

On the positive side there is the opportunity to redirect energies and make significant improvements in sales or productivity through a careful study of existing performance.

We recommend that clients have a Performance Review, or Health Check as they are commonly called, every couple of years. We also recommend that these are carried out by or with an outsider to provide an unbiased view, that deals with the facts and is not swayed by being ‘in love’ with the products or services of the company.

This can be achieved with the help of the company’s accountants, non-executive director(s), or a business consultancy such as Wessex Forum. Whichever way, the owners/directors of the company need to be involved in the process in order to have ownership of the findings and the subsequent reactions.

We have an established programme for carrying out Reviews for companies. This is not an expensive operation, and can be completed in less than a week. If you call us we can produce a proposal to suit your particular business, both in complexity and cost.

MORE INFORMATION
If having read this guide you would like to discuss how we may be able to help you, please call us on (01373) 454576 and speak to Peter Beech-Allen, or E-mail a request to us for further information.