Don't know what you should really be doing next in your business? Feeling lost and lonely with no one to talk to about your business? Too many opportunities and you don't know which one(s) to choose? Would you like more clarity, be focused & disciplined? Do you want a trusted advisor with whom you can confidentially bounce ideas off? If so, then the Advisory Board mentoring solution is right for you!

You could do it if only you knew what to do.  The main aim of the Advisory Board is to keep your business focused on your next best step.  It is different from the Winner Connection, Money Manager and Money Maker solutions because you set the agenda.  However, there are some strict prerequisites for the Advisory Board mentoring solution otherwise it doesn't work.

Financial Advisory Board

Your business must have a clear agenda for each session. You must have your accounts regularly updated and prepare a profit and loss, balance sheet and cash flow forecast on a monthly basis. Your business must have clear financial goals for the short (12 months) and medium (3-5 yrs) term. Your business must measure your key performance indicators. Your business must have a sales and operational budget.

We will help you work out what you need to do in your business to reach your goal. We will monitor your actual vs. budgeted figures and deal with any expenses and income deviations. We will work out strategies to deal with any cash shortfalls. We will manage your debtor days, inventory levels if you carry stock and Work In Progress (WIP) if you are a services business. We will monitor your KPI's and help you manage your business. We will help you understand the financial impact of major business decisions e.g. hiring staff, moving premises or purchasing equipment before you make them. We will meet or teleconference on a monthly basis once the end of month reports and agenda is provided.

Growth Advisory Board

Your business must have a clear agenda for each session. You must produce monthly sales and marketing reports measuring marketing and sales activity (KPI's) and results. Your business must have clear sales and marketing goals for the short (12 months) and medium (3-5 yrs) term. You must have a financial budget with funds allocated to certain marketing and sales activities. You must already be clear about your positioning and selected your target markets. You must have your pricing strategy worked out and selected the best products for your customers. You must have your distribution model sorted and an active promotions plan. Your business must have a loyalty program and your team the necessary marketing and sales skills.

We will be working with you to focus on your next step to convert your existing prospects into committed customers. We will be working with you to ensure that you charge for all the work you do for existing clients. Finally, we will use our weekly or monthly sales meeting or teleconference to measure, manage and improve your marketing and sales function.

Request a Meeting

If you need guidance to keep you focused on your next best step contact us for a meeting.