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Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

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Systemise Your Business Before It's Too Late

Written by Greg Millar on June 23rd, 2017.      0 comments

Peter Bridges' business sells motor vehicle spare parts for a range of makes and models.  

planningThe business has grown rapidly beyond Peter’s expectations and management abilities.  

He feels like he is on a runaway train and is desperate to streamline operations.  He and his team are working very hard, yet customer satisfaction is slipping and profits are starting to suffer.

The root cause of the problem is that this type of business requires strong processes and procedures to control stock and orders.  The few systems it has have not grown with the business and are not well documented.

Peter sought the help of his Accountant starting with a sizable brief, "Help me get my business under control, find my profit and help me return to working normal hours."

Solution

An Accountant can tackle the problem from three fronts:

  1. Identify Peter’s business goals: Where does he want to be in 3 years?
  2. Streamline operations and increase the efficiency of the processes.
  3. Align processes with business goals.

Accountant’s Role

  • Create a short sharp Strategic Plan (how Peter will achieve his business goals).
  • Review operations and redesign business processes to achieve maximum efficiencies.
  • Engage an HR consultant to help with restructure of team.

Business Benefits 

  • Streamlined documented operations, thereby reducing cost of operations.
  • Reduction in cycle time of processes, thereby enhancing the market standing of the business
  • A business owner who is confident, in control and driving the business forward in the direction of choice
At Alliott NZ we prepare, analyse and regularly report back to you on a complete range accounting and financial information that you need to help you make decisions about your business. Call us in Auckland on 09 520 9200.
 

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