We provide: Project Management, Financial Planning, Risk Assessment and Succession Planning.
Successful completion of projects, big and small, hinges upon effective project management which ensures the project is completed on time, within budget and with the right number of people on the team.
Effective Project Planning offers participants the tools to develop skills and devise systems for managing projects such as comprehensive gathering of relevant information, resources and creating a ‘critical path’ diagram or a ‘PERT’ chart with a project-task timeline. The result is project execution where parts come together at the right time so that the project is completed when required and as specified.
- Diversification of investments
- Establishment of a savings account
- Investing in a timely manner for potentially higher returns
- Understanding investment market
- Being shrewd about timing the market
Manufacturing-Works can help you………
Manufacturing-Works’ CPA, Bruce Brown, can deliver custom financial services that correspond to your requirements. As part of the services he offers he can help:
- Oversee of preparation of monthly financial statements for owners, management or boards
- Oversee the company’s cash management
- Negotiate and/or arrange for any debt financing or letter of credit with financial institutions
- Review and approve all bank reconciliations each month
- Oversee preparation of all required tax reports
- Help reading balance sheets and income statements
- Oversee budgeting and forecasting
Disaster can stop a business in a heartbeat. FEMA reports that 40 percent of businesses that close their doors due to a disaster or crisis never reopen. Of those that do reopen, an additional 15 percent close within two years and almost all the remainder continue to suffer economic losses for five or more years.
When businesses have a recovery plan in place, they are resilient and they recover more quickly from disaster, returning to normal operations and economic viability and most importantly, they will remain in operation. A good recovery plan focuses not only on coping with immediate results of disasters but also on long-term survival measures. Manufacturing-Works can assess your disaster readiness and help with your comprehensive recovery plan.
Business Transition Planning
The six areas being evaluated are:
- Strategic Planning
- Financial Management
- Workforce Management
- Family Governance
- Succession Planning
- Use of Professional Advisors
- Merger & Acquisition (M&A). This normally means merging with a similar company, or being bought by a larger company
- Initial Public Offering (IPO)
- Sell to a friendly individual
- Sell to a family member
- Make it your cash cow
- Liquidation and close
Logistics and framework for administration are needed for things such as budget, cash flow, banking, accounting, legal, technical and other skills. These can be in house or contracted out. Clear understanding of the supply chain of producing the product (vendors, subcontracts, raw materials, etc…) as well as distribution (retail, wholesale, point of sale, distribution, follow through, warranty issues, service after the sale) are important.
Administration and personnel issues must be addressed: HR management, communication, etc.
Production will need to become more efficient and lean to keep up with demand. A pipeline of different products or services will need to be developed. This can be an exciting and chaotic time for a business. There will be many irons in the fire along with satisfaction in the fact that you made it past the new stage.
Efficiency training should be looked into because the business has been around for a while and there will inevitably be some waste. Start looking at the innovation/product pipeline and make sure there is something in the pipeline in order to keep growing and not fall into decline.
A declining business may be in “extreme cost saving” mode. Inability to showcase capabilities to potential new customers due to lack of resources. Unable to purchase safety equipment due to lack of income leads to increased safety concerns in operation.
A business that is in decline will need the following: money, an understanding of how and why it is at the point on the curve. Investors may be interested in keeping it going. It may be time to have an honest conversation about when to pull the plug, or a new direction for the company if the investors are willing to foot the bill.
WHAT CLIENTS ARE SAYING