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Have you asked your insurance broker what is their process for determining the coverage you need and who will provide the coverage? Furthermore what benefits are included with your insurance program? It is important to consider your entire business exposures. Taking a total risk management approach to your insurance needs will protect your company's assets, profitability and financial well-being. Be sure your broker/agent provides you with better coverage, better pricing, better service, and more resources as your risk manager, not just a broker.
Many companies are either not big enough or otherwise cannot justify employing a full-time CFO/Controller. The absence of this function can result in lost dollars and opportunities. An effective alternative is to secure a fractional or interim CFO/Controller to help the company develop a strategic financial structure and oversight.
When is the last time you evaluated your *Employee Benefits *Payroll and HR admin processes *Risk Management and HR-related compliance. These areas can significantly cost your business if not in order. Furthermore securing these components makes your company more attractive to current and potential staff. A third-party HR firm can often be the best solution.
A business broker can save you time and provide market expertise in connecting you to the right resources. They can also help value the company you want to acquire or sell so you don't leave dollars on the table.
Many businesses don't qualify for conventional bank finance. This should not keep a company from obtaining the necessary funds to accelerate the business. An alternative finance company may be an option to secure cash flow for growth.
Educating and developing high quality and high value leaders and teams creates a culture that embraces accountability and a learning environment. A corporate consulting company can provide guidance in this area.
Is your organization best equipped to help potential customers when they are introduced to your company? There is much attention given to leads, KPI's and activity tracking, but having the right team and the right process will position you for readiness when the right opportunities are presented.
A company increases profitability and accelerates organic growth when complexity is reduced and it lives within that box. This considers customer/product/service profitability, complexity, size of order, fit to your process, customer support requirements, etc. An outside, third-party expert is often best for assessing these aspects.
Whether it is your company's website, social media activity or online outreach; your company should have a plan and the resources to drive potential customers to engaging with your company.
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