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Strategy & Business Planning
What are the benefits of using a CFO to create your business strategy?
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A CFO will build your strategy based on expertise and financial ability
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We work within your business to develop and deploy your strategy
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Additional experience across a broad range of challenges and issues
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Know that you have a robust strategy tailored to your business requirements
Business Strategy News & Opinion Pieces
CREATING YOUR BUSINESS STRATEGY
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Since 2014, our clients have experienced an average growth of 24% year on year. Having a clear business strategy is a fundamental building block to achieve that growth. Your strategy needs to expressly state where the business is headed, the strategy to achieve those outcomes, who is accountable for the strategy and the timeframes and measures to ensure they are on-track.
Not every business has a desire to grow at 24%. Other strategy objectives are equally appropriate such as, consolidate cash position, divest of redundant or under-utilised assets, or to improve operating processes and procedures. Further, a modest growth strategy could be far more palatable.
What is significant about strategy objectives is that you have a clear plan to ensure your current business is not negatively impacted by the implementation of the strategy. All too often you hear about an aggressive sales or acquisition strategy that resulted in greater revenue but reduced profitability. A strong strategy will ensure the business maintains focus on both the current business and the desired strategy.
The Problem - an incorrectly designed and deployed strategy
In the words of Sun Tzu:
“Tactics before strategy is the noise before defeat.”
Instructing a senior manager to prepare the first few steps of a strategy could result in the strategy not being implemented correctly or the existing business suffering.
What successful organisations do next is:
1. Plan the strategy and forecast
2. What part of the strategy will be done by whom and by when
3. What will the strategy really cost even if it is internal costs and;
4. Who is tasked with covering the resources current deliverables.
Every business is different, there is no cookie-cutter for creating a strategy that will work. What does work is designing a robust strategy that has measures, metrics, accountability and is forecast as part of your existing business to ensure you maintain focus on both.
By using the combination of finance and strategy to develop your business strategy through the organisation you will identify a number of core objectives that are achievable and will keep your business on track. Covering the breadth of the requirement from forecasting to risk analysis to capital raising activities can be a daunting development and requires a steady pair of hands.
How can CFO Evolve help develop your business plan?
CFO Evolve has been instrumental in growing businesses into corporates since 2014. A key part to this is a robust business strategy. CFO Evolve develops your business strategy in areas of focus around growth, operations, finance and staff. Once the key objectives are known, a 3-way forecast can be developed to ensure you appreciate how your business will operate all the way through to available cash to ensure your strategy is fully funded.
Having a strong business strategy is only part of the equation. Your part-time CFO can then work with you to implement the strategy and evolve your business to the next level.
What are the benefits of using a CFO to create your business strategy?
-
A CFO will build your strategy based on expertise and financial ability
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Using our network, we may be able to source funding for your strategy and growth plans
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We work within your business to develop and deploy your strategy
-
Additional experience across a broad range of challenges and issues
-
Know that you have a robust strategy tailored to your business requirements
If you think that we could assist you in developing your business strategy please contact us using the quick contact button below.
need a BUSINESS GROWTH STRATEGY
urgently?
Have you noticed that business has become stagnant? All operations and no strategy.
Worried that your business is relying on too few clients?
Perhaps a business strategy is what you need to evolve your business to the next level?
Contact CFO Evolve today for business strategy advice and guidance.
STRATEGY help?
Additional CFO Services
CFO Evolve have experience across a broad range of C-suite services that can guide your business through cash flow management through to developing a budgets and forecasts or an acquisition strategy.
Below details some of our core services, but for a more in depth conversation about how we can help with your business strategy, please contact us.
If you are looking for business growth in your business a dedicated part-time CFO could grow your business with a combined approach of strategy and financial insights across process improvement, business efficiencies and business growth through inorganic means such as acquisition or partnerships.
Cash flow is critical to the deployment of your business strategy. Your cash flow availability and its forecast is imperative to ensure that your business strategy is feasible.
A part-time CFO could guide you through an increased cash flow requirement to ensure you deliver on your strategy.
In order to ensure that your business strategy and finances are aligned. Your business will require a forecasting model in an ongoing manner that incorporates your profit and loss, balance sheet and cash flow to ensure you know where your business is going and any challenges in achieving the strategy.
Different from a classic business growth strategy the strategic variety (incorporating acquisition or merger strategy, exit planning etc) involves out-of-the-box thinking. An acquisition strategy plan helps to provide direction and focus.
Anticipating business risk and uncertainties as part of your business strategy before they occur and ensuring the mitigation strategies are incorporated in the strategy goes a long way to taking the fluctuations out of your business and ensuring you are on a steady growth curve.
Our CFO services prepare your company through 3-way forecasting, strategy and process improvement to enable your business is prepared for funding, investment or capital raising as part of a business growth strategy.
CFO Evolve offer their CFO coaching and mentoring purposes to financial teams that are undergoing growth including via a merger, acquisition or strategic partnership and require extra assistance and guidance from a strategy and financial perspective.
As your business strategy begins to deliver results and your business becomes more complex, you may question if you have the capacity to manage the finance team or if this is taking you away from growing the business. A part-time CFO can provide this oversight of your finance team, providing guidance to ensure the delivery of this department.
One of the strategy components may be the creation of an advisory board. Whilst it is important to have an industry specialist and someone strong in governance, having a financial member to provide strategy aligned with financial advice in the team is key to the success of the advisory board.
If you are looking to maximise business profit, CFO Evolve could grow your business with process improvement, business efficiencies and focus on the areas of your business to maximise profits, turn wasted hours into productive ones, saving time, frustration and money.
A good business coaching provider will not only review your business for growth areas but review the ability of the senior team and the leadership. Business coaching provides developmental ideas that can increase performance from the top down and can provide a sounding board for the CEO and Managing Director on business pain points to be addressed.
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