10 ways a qualified business adviser can help your small business

10 ways a qualified business adviser can help your small business

Posted: Fri 12th Mar 2021

Do you need support with your business but don't know where to start? Knowing how a business adviser can benefit your business can really help.

In a super-insightful Lunch and Learn session, Joanna Drinkwater, chartered accountant and Enterprise Nation adviser, shared 10 things a qualified business adviser can help with to ensure your business not only survives but thrives:

1. Create a business plan to drive your strategy: This will help you focus on your future, not on your past.

2. Key performance indicators: Help you understand your key drivers for success.

3. Gross margin rate: Help you understand what discounting does to your profits and how to control your gross margin rate.

4. Cash flow: Help manage your risk, cash flow and working capital requirements.

5. Manage costs and savings: Help you manage costs and identify areas for savings.

6. Customer value: Understand customer value and where there is 'customer risk'.

7. Forecasting: Use your current data to produce a plan of where your business will be in terms of sales, profit and the future value of your business.

8. Key business drivers: Track your key business drivers to continually make improvements.

9. Existing client sales: Identify opportunities to increase sales to existing clients.

10. Working capital, funding and grants: Discover where you can access this financial support.

Want to find out more? Check out the full Lunch and Learn: 10 ways a qualified business adviser can help your small business.

Find a qualified business adviser on Enterprise Nation and book your free one-hour discovery call. We have business advisers that can help across various industries in topics covering: digital, export, accounting, finance, legal, marketing, manufacturing, people, sales, spaces, wellbeing and planning.

Enterprise Nation has helped thousands of people start and grow their businesses. Led by founder, Emma Jones CBE, Enterprise Nation connects you to the resources and expertise to help you succeed.

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