Successful financial management requires a decision on the key priorities of the business combined with the discipline of regular monitoring and communication within the executive team.
JudsonKoman was established specifically to assist business owners stay focused on their goals and priorities while employing the necessary controls to manage ongoing business performance. Any strategic intent for growth must be matched with an internal awareness of the business’s capability to provide that platform for growth.
The financially secure business framework:
No logical plan can be created without an appreciation of reality and current financial circumstances. “Gut feel” or intuition is not a strong platform in a dynamic business environment for making plans for growth that may involve hundreds of thousands of dollars. Our tools are designed to reveal the invisible and make the business owner and their team aware of their current financial capability for growth.
A review of the results by the executive team serves as the basis for learning and adjustment for future plans for growth. Rather than undertake wholesale programs of change, the business owner may trial a new product or service and gauge the success or otherwise of it to determine whether more investment is required to maximize the profit potential of that offering. Before executing any strategic plan, it is incumbent upon the business owner to spend some time with their financial team to quantify the cost of their plans for growth.
Plans must be monitored on a regular basis and fine tuning performed on any part of the plan not achieving desired results. This can only be done with regular financial information and KPI monitoring. Our services are based around quarterly or monthly reporting of figures to ensure that plans can be considered on a continual basis rather than waiting until the end of a financial year to determine whether the plan has been successful or not.
This cycle of growth needs to be supported by a financial reporting system. Our goal at JudsonKoman is to provide all business owners with a system relevant and consistent with their needs.
We use our own range of financial management tools on a monthly, quarterly or yearly basis.
These tools include:
We are focused on meeting the business and investment advisory needs of the owners, both previously and presently, of small to medium sized businesses.
Any business with a good product or services and good management will have more chances of success if it is properly financed.
Each business should have a considered taxation strategy in place to ensure compliance with relevant legislation and to maximise the after tax return of the business for investment or wealth creation.
Given our strong focus of looking after business clients, we are well suited to guide owners through their options for transitioning their business.
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