Every business owner needs an experienced 'wing-man', somebody to help you keep an eye on the money side of your business while you focus on doing the things that make you successful.
Together we can:
Maintain the focus of you and your management team on desired outcomes
Assist in the evaluation of business opportunities or risks as they arise and before they become issues
Develop a plan to achieve your longer term goals
Monitor progress on achieving both financial and non financial performance targets for your business
Identify major issues impacting your business
Review cash position and prepare for potential taxation and other liabilities
Discuss your business financial performance for the period
When you work with us, you'll get the benefits of a CFO at a fraction of the cost of a full time CFO. We can tailor a solution to meet the needs of your business and personal goals. Some of the elements of the services Kennas can provide are:
1. Financial and Non Financial Reporting
We'll ensure that you have access to the quality financial and non-financial information you need to make informed business decisions. We can provide monthly or quarterly updates.
2. Cash Flow Planning
Cash flow is the lifeblood of every business. Collecting money, paying bills and having enough resources to grow the business is an area where many businesses struggle. Kennas can help prepare cash flow and budgeting projections and provide cash flow management monitoring and reporting to assist you to manage this area.
3. Strategic Planning and Profit Improvement
Kennas can help you establish strategic action plans to prioritise and guide your business actions. We can also assist you to identify your business profit improvement potential and help you to focus on key areas to grow profits and business value.
4. Risk Management
Risk management is ensuring that you have appropriate insurance coverage for key-man insurance and audit insurance. Other issues such as compliance with financial reporting, taxation law, work health & safety law, employment regulations also need to be considered. Owners agreements and buy-sell agreements can also be important. Kennas can review your current arrangements and co-ordinate any necessary revisions.
Fraud is common in small businesses because they often have too few people in key cash handling and bookkeeping roles. We can review your internal controls and ensure your systems reduce the risk of this happening to you.
We can also help you raise funds and be your point person for banking and investor relationships.
5. Co-ordinate and Chair meetings
Regular meetings help focus a business on reaching it's targets. Meetings require up-to-date and accurate information be prepared before hand. Discussions with a group of people often generate better ideas than one on one discussions. Kennas can co-ordinate and chair regular meetings to discuss the business' performance and goals.