|
The
Business Physical™ study
begins with a physical analysis of an organization’s business
from both financial and non-financial perspectives. The exam
considers all critical organizational systems and measures the
status of the company’s operational efficiency, threats to that
efficiency, and opportunities to improve the overall health of
the company. It includes, but is not limited to, financial
evaluation of key metrics, breakeven analysis, and comparative
returns on effectiveness per line item. It further examines
non-financial issues such as relationships between the company
and its employees, vendors, competitors, and government
overseers. From this analysis, strategies can then be developed
and decisions can be made that will improve the performance
metrics deemed important to the owners.
Step One
The Business
Physical™
study is step one in the process. It can best be described as a
X-ray of your business which will clearly define the issues at
hand. Step one is split into the collection phase, analysis
phase, and delivery phase.
The Data
Collection Phase –
During this phase, data is collected onsite. Interviews are
conducted with the owner(s) and or management and key people.
This phase is specifically designed to capture the unique
operational, strategic, and management components of the
business, as well as on-site inspection.
Concurrently, a confidential comprehensive financial review of
the company is conducted. This review will create projections of
the business and identify key indicators of effective and
ineffective business strategies. This study is designed to
minimize the interference with the operation of the business.
The
Analysis Phase – This phase focuses on analyzing the data
collected from all sources and synthesizing the data into a
detailed summary. It is an in-depth S.W.O.T analysis that
provides statistical and objective observations of the data.
Areas are pinpointed where improvements can and should be made.
Discussions are generated resulting in strategies designed to
move the results in the right direction and with the right
speed.
The
Delivery Phase – This phase presents the analysis of the
quantitative and qualitative data collected, observations of the
business and its processes, and recommendation to the owner(s)
on how to achieve improved performance metrics. It provides
statistical estimates of the increased profitability and other
performance metrics of the business as a result of taking the
recommended corrective actions.
Business
owners find this meeting to be eye opening. Strategies focusing
on potential savings, improved operating efficiencies, revenue
enhancement, and greater control over the business are
articulated from the Abasia Point evaluation process. For
example, one client improved his cash emphasis position and was
able to take the additional funds and invest them into an
improved inventory control system.
Step 2: Custom
Corrections Sessions
As
companies grow in size, so do the complexities of running an
expanding business. The Guild provides a Custom Corrections
Sessions service that typically involves several intense
counseling sessions lasting a few hours each. In these sessions,
the Guild executive works directly with the owner to target
particular areas of deficiency identified in the analysis
report. The Guild executive becomes a guide in the process,
helping you to discover the potential hidden within your
business.
Step 3: Long Term
Support
After
completing your Custom Corrections Sessions a self-audit
checklist is generated. This ensures that you stay focused on
perpetuating the changes you have made in your business. In
conjunction with the self-monitoring process guild consultants
arrange for two phone counseling sessions per month, each
lasting about an hour, between you and your business counselor.
This tweaks the processes you have put in place at your
business.
However,
it is at this point that the Guild executives step back and
allow the business owners to develop and monitor their own
self-sufficiency. Yet the Executive Counsellors Guild remains
just a phone call away and is eager to provide additional
problem-solving assistance.
While we do not require a
long-term contract for our services, our clients find these
sessions extremely useful in managing their businesses, and tend
to continue their support calls for months or years after their
Custom Corrections Sessions.
Much of our methodology
involves partnering with other experts to deliver specialized
services to our clients. |