When to call The Focus Practice
The business is facing financial pressures and/or underperforming financially.
Objectives in this situation being:
- Achieving a stable and sustainable cashflow, taking away the stress imposed by any excess creditors
- Achieving a financial restructuring, necessary to enable the business to thrive and achieving a satisfactory profit performance
- Achieving the goals of the stakeholders in the business
The business is in a significant growth phase
Objectives in this situation being:
- Bringing formal structure to the business, in order to deliver sustainable, profitable growth
- Negotiating all commercial arrangements, including distribution, licence and supply agreements
- Monitoring costings and overall financial budgetary position
- Grooming the business for eventual exit by the shareholders
A particular financial problem faced by the business
Examples of objectives in this situation being:
- Reaching an equitable and viable financial exit package in order to solve a fall out between principals
- Minimising exposure to claims from customers
- Need to recruit an effective Finance Director for the business
- Compiling incentive plans to retain key staff