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Do you need a tactical plan to survive and keep trading?
All the Irish Banks have stated that they will extend credit to companies that can clearly demonstrate either a survival plan or a growth plan- do you have one that you are confident about?
V20:20 has over 75 experienced consultants to work with SME clients and their banks, where turnover exceeds €1million.
The immediate benefits apart from ensuring survival with adequate cash flow and breathing space from the bank to create a foundation of growth, are as follows:
- Improve owners return on equity, by optimizing process, reducing costs, increasing sales and thereby retaining jobs.
- Uncover new ways to increase revenues, even though market conditions have deteriorated considerably
- Increase working capital and cash flow, by strategically reducing costs while maintaining profit generating activities
- Vastly improve sales capabilities and management forecasting by implementing best of breed sales processes
- Streamline operations creating higher productivity through better processes
- Allow management to focus on the core activities of the business, while areas under threat receive expert outside assistance.
- Increase profits by reviewing your existing products and services and focusing your efforts entirely on those with the greatest return
- Improve credit rating and access to finance by improving cash flow and being in a position to present a strategic business plan.
- Prevent future difficulties by identifying key performance indicators and monitoring them on a regular basis as an early warning signal to future issues.
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