Business Advisory
At Alliant Advisors, we begin our process of discovery by asking owners the following kinds of questions that are designed to identify their top goals and concerns.
Would you like/do you need to:
- Establish some personal goals with regard to your business?
- Improve the way you manage your business?
- Improve the management reporting in your business?
- Develop a better management team?
- Plan for succession of your business to the next generation?
Enhancement and growth in value:
Once launched and operating, it has been our experience that small and mid-sized business owners are often not all-together satisfied with their business in one or more of the following areas. Improving these areas will lead to greater value and transferability in the future:
- Quality of life - working too many hours, carrying too much stress, and/or doing things they don’t care to (and/or are not good at)
- Economic results - the after-tax benefits flowing to them as a result of their effort, risk, investment are not what they expected or want to have
- Inadequate business value or marketability- so when the owner wants to “get out” for a large sum, they are unable to
- Business cash flow - thought they are “making money”, the business seems to be strapped for cash creating a host of other issues
- People issues - their personnel are not as efficient or effective as they could be, resulting in disappointment and/or lack of alignment
- Revenue issues - an unsatisfactory rate of growth, over-dependence on a small group of clients, lack of product diversification, competitive pressure…
- Ease of operations - their systems and methods are cumbersome, inefficient, outdated, or otherwise do not lead to the business being easily managed
- Lack of vision and planning - the business goes in the direction that natural forces take it. The owner’s goals, dreams and ambitions are not kept at the forefront of the team and their daily activities. Failing to “run” the business results in the business running the owner
In addition to the above, we support the effective management of the company’s human capital. This includes, job definition, recruitment, and developing employee manuals.
Our business advisory services come in a variety of forms. Often an initial diagnostic process is completed to identify opportunities for improvement. We get to know the owner(s) and what they want to accomplish.
We then look at the business, as a tool to get them where they want to be. Areas of the business including vision, strategy, structure, culture, products, finances, systems, people and marketing are reviewed. Then a plan is developed, including timelines and accountability for accomplishing tasks to support changes or improvements sought.
To learn more, contact our Business Advisory specialist, Dave Bunge.
