Business Planning
As a tool of business stewardship, a business plan charts a clear path for the business, its function, and responsibilities. As such, it sets a framework that can help you address a myriad of business problems while staying true to the original vision, mission, and goals. Bearing the critical importance of this tool, we works with you to develop an all- around business plan that enhances certainty for the future. In prospect, this will help you address many issues at present and in the future with regards to cash flow concerns, hiring policies, pricing, and cost control among other managerial issues.
Business Strategies
We are business strategy professionals who draw from our diverse services and hands- on industry experience to deliver targeted solutions on the real issues that pertain to your business. We help businesses align operations with their corporate strategy and stimulate accomplishment of business objectives. Backed by our technical prowess and extensive sectorial experience, we will help you streamline your operations in line with a clear-cut corporate strategy for steady and sustainable growth.
CFO Services
In today’s rapidly dynamic business environment, your business needs a financial function that adapts to the rapid changes inside and outside the company while staying true to your corporate strategy. Drawing on our expertise, we will help you measure the effectiveness of your finance function and identify practices that will improve your efficiency. Our solutions target specific functions and also the complex issues that affect the entire business. For Profit Solutions is positioned to provide on-site CFO services and coaching to companies, large and small, that want to move internal financial management to a higher level.
Cash Management
Many business owners leave liquidity issues and cash flow management to chance and poor management. It is clear that business owners need to make cash management a strategic function that creates opportunities to flourish despite prevailing economic conditions. We have consistently helped clients to liberate cash, improve their ROIC and increase capital velocity. We helped companies re-visualize their systems for improved results and also helped companies facing cash flow challenges avert crisis and thrive beyond the pinch. Our effort is mostly self-funded with short payback periods balancing short-term convenience with long-term posterity.
Our approach to cash flow management is to develop a plan that anticipates upcoming cash flow cycles, providing an opportunity to properly manage this most important asset. We will help you design appropriate systems in line with your operations. We will help you evaluate your current system, develop and institute solutions for data collection, processing, and reporting. Our team will help you synchronize financial/management accounting and planning functions in order to progressively manage costs while spurring growth.
Tax Return Preperation
​As one of the most tedious tasks in business, many businesses fail to realize the potential of using this avenue to reduce their tax liability. Through our technical expertise and industry knowledge, we will stand in as your advocate, take full advantage of all existing laws to ensure that we reduce your tax liability to the lowest legal amount. Our services are timely and highly efficient which means we will not disrupt your operations during the filing preparation process.
Tax Planning Strategies
As a business keen on cost savings and growth, it is necessary that you take the time before your tax year ends to reduce your income tax. We work with clients across various fields to understand their unique circumstances through one-on-one discussions and then developing strategies that trigger and inspire tax savings. We guide our clients in areas of direct and indirect taxation. We will help you review the tax implications and also offer guidance on the tax efficient employee remuneration strategies, asset acquisition and disposition strategies and on proposed business transactions such as joint ventures, mergers, and acquisitions.
Accounting and Bookkeeping
Our highly trained and extensively experienced accounting professional provides general ledger posting, reconciliations, monthly financial statement preparations and any other custom reports that are beneficial to you. We will work with you to identify and localize the specific and general services that you need. We will also add efficiency to your bookkeeping function by setting up a schedule that creates timely and efficient data collection, recording and handling. If you’re ever seeking my business advice, Whether you’re facing a particular challenge or opportunity, or need a sounding board for a key decision, you can request a meeting with me at: mikebstarr@comcast.net
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Best Practices
As observed, change and reality pose unique challenges and opportunities in equal measure to every business and whichever route your business takes depends on your actions. You may decide to experiment, but this method is inefficient and costly. We take a hard look at your unique circumstances and using our extensive knowledge and experience in similar successful models, advise on the best ways to address your specific needs and challenges. Our approach takes best practices as a foundation through which you can chart your own path with higher certainty rather than a clutch that maintains the normal flow of operations.
Process Development
Processes are central to the realization of strategic intent. They form the foundation upon which businesses generate revenue, meet targets, deliver value and address the needs of the customers. We believe in continuous process management and improvement as a way of sustaining a competitive advantage. We have helped many businesses improve strategy execution and meet customer needs through agile business process redesign. The net result is increased efficiency, reduced costs, reduced cycle times and improved customer satisfaction.
Human Resources
Your greatest asset is your workforce. Top challenges and priorities are keeping employees motivated, focused and feeling appreciated. We work with our clients to build teamwork in their businesses, enhance motivation and boost productivity through years of practice and in-depth human relations knowledge. Our aim is to help you create a seamless workforce that blends in with the company strategy and actions plans thereby boosting employee engagement, motivation and consequently productivity.
Marketing Strategies
​Customers are central to every marketing effort. Having in-depth insight into your target customer as well as prowess in marketing operations and economics allows you to generate and sustain organic growth in the long run. We use our deep customer insight to drive segmentation, positioning, and targeting. This ensures that our client’s marketing efforts are in tune with the realities in the marketplace for sustained customer satisfaction.
