At Invicta Commercial Finance we have many years of experience in dealing with the many challenges that face business owners today. We are also running our own very successful group of Companies in the current business climate and are very much aware of the particular challenges that this brings and have developed strategies to ensure that business growth continues.
Over the years we have also been involved with many types of businesses of all shapes and sizes in many different sectors. Our experience has shown that it is often possible to quickly improve the performance of a business by making some relatively simple changes. This, against the backdrop of a sound, comprehensive business strategy, coupled with a clear understanding of the goals and aspirations of the business, its owners and employees will often make the difference to your business.
Often, just the view of a ‘fresh pair of eyes’ from outside the business will bring new ideas and identify solutions that may otherwise have been missed. We will often hear the response ‘because we’ve always done it that way’ is often not the best or most productive way to do something!
We suggest a five step process to recovery and continued growth which is akin to that often used in the medical profession and can mean the difference between success and failure, growth versus profit:
- Diagnosis – Determine the causes of underperformance and the chances of improvement or survival. Develop an initial action plan.
- Triage – Take immediate and decisive action to treat any ‘wounds’ that are endangering your businesses survival. Create time to effect any changes necessary to improve performance and ensure long term survival.
- Treatment – Develop and implement the action plan and effect any further changes necessary.
- Stabilise – Once the action plan has been implemented it may be necessary to consider other changes to put the business firmly back on track, increasing profitability and cashflow and returns on assets.
- Restore – Effect long term structural and strategic changes necessary to ensure that improvements are sustained.
Depending on your needs we can then proceed with either a one-off consultation process or provide on-going support and attend Board Meetings etc as a non executive Financial Director. Whatever your requirements, we will tailor a service to suit you, your business needs and your budget. We often find that businesses could benefit significantly from the skills of a Finance Director, but that the size or nature of the business doesn’t warrant the appointment of a full time professional in this role.It often then falls on the shoulders of the Managing Director or other staff to deal with financial issues which they are not necessarily equipped or resourced to do.
Invicta Commercial Finance are able to provide a very cost effective solution to this problem, in the form of an ‘outsourced’ Financial Director who could be available to you for anything from a few hours a month to one or two days a week, depending on your requirements.
As with all of our services, we would expect that the savings that you make, both directly and in terms of increased profits and sales will, very significantly, exceed the costs of the service, and if not, we will refund the difference!
As part of this service we can provide guidance on the following:
- Marketing
- How will you attract new and retain existing customers ?
- How can you add value to your products/services to differentiate from the competition ?
- Operations
- How can you provide exceptional products / services in a cost effective and timely manner ?
- Innovation
- What technology or investment do you need to move ahead ?
- What funding / grants are available ?
- Human Resources
- Do you have the right personnel and management structure
- Are they operating as a motivated team and contributing to business success ?
- Are they suitably incentivised and rewarded ?
- Finance
- How will growth be funded ?
- Retirement
- What is your exit plan ?
- Do you intend to sell your business ?
- How do you ensure that your business is ready for sale at the right time?
Invicta Commercial Finance is a trading style of McLaughlin Hook Finance Limited
Registered Office: The Oast, 62 Bell Road, Sittingbourne, Kent ME10 4HE. Registered in England and Wales 5438666.
© 2010 McLaughlin Hook Finance Ltd.
