10 ways a qualified business adviser can help your small business

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.