BUSINESS EFFICIENCY & EFFECTIVENESS

BOARD REPORTING

Success in business usually comes down to good decision making and ensuring that you take action on the things that are critical to your business success. What supports your decision-making process?

Your bank balance, some basic financial reporting which looks boring and probably is and conversations around the workplace?

Good decision making should be based on reliable data and your instincts, especially when you have significant experience in your industry.

As someone once told me “Intuition favours a well-stocked mind” – meaning that to make good “gut” decisions the more information you have absorbed the better your decisions will be.

I am a firm believer that business data (financial and non-financial) when presented well allows for better engagement, focus and decision making.

The data from your business should help you assess both the risks and the opportunities for your business and what actions you need to take to make the most of the opportunities that are in front of you and minimize any risks there are to your business.

One discipline that I think really assists with good business management is to have a regular (normally monthly) review meeting, that looks like a formal board meeting. Even if you are the only person in your business, if you can find someone else who can be really good at holding you accountable to what you’re doing in business it can make the world of difference.

So this could be a friend, it could be an experienced business owner, an accountant or business coach or another professional advisor, or it could be anyone who is prepared to support you and happy to be a sounding board. One of the things that is really important about this is having someone who has the ability to be objective with you and be prepared to say, “Hmm, are you sure about that? Do you really think you want to do that?”

Call Us ‭‭03 928 2492‬ or Email us at info@bee-consulting.co.nz

So why not contact us to see what our Board Reporting services can do for you?

Call Us ‭‭03 928 2492‬ or Email us at info@bee-consulting.co.nz

So why not contact us to see what our Board Reporting services can do for you?

One of the things that we can help you in this regard, is to produce a monthly board reporting pack for your business.  We use a system that allows us to present your financial and non-financial data and certain non-financial in a graphical format. That makes it really easy to interpret your critical business data and to develop you’re thinking around what you need to action in your business.

The process involves us getting access to your accounting system, ideally Xero but we can also work with MYOB and QuickBooks online systems.  We then customise your reports, analyse the data and provide and provide some commentary to it.

It’s like having a financial director to give you a report about how your business is performing and the trends that are occurring in your business.

We’ve got three options for helping with your decision making:

  1. Prepare and provide a report
  2. Provide report plus conduct an online meeting to review the report
  3.  Provide report and have a face to face meeting with you

The location can be quite important as you need to be able to enter the mind frame of a business owner and often that needs to be away from where you do your day to day tasks. We have got some good options for meeting facilities to help in this regard.

If you’re interested and you want to learn more, then get in touch and we’ll love to have a meeting and discuss this further with you and can take it from there.

BUSINESS EFFICIENCY & EFFECTIVENESS

TESTIMONIALS

BUSINESS EFFICIENCY & EFFECTIVENESS

TESTIMONIALS

BUSINESS EFFICIENCY & EFFECTIVENESS

NEED HELP OR SOME ADVICE ?

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Call Us ‭‭021 683 644‬ or Email us at info@bee-consulting.co.nz

So why not contact us to see what our Board Reporting services can do for you?

Call Us ‭‭021 683 644‬
or Email us at
info@bee-consulting.co.nz

So why not contact us to see what our Board Reporting services can do for you?

BUSINESS EFFICIENCY & EFFECTIVENESS

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