Profit improvement

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Finance Director

Profit improvement

Our part-time finance director service means that we will spend time with you each month looking at how to improve performance. This will look different to each business. It may range from bouncing ideas around with you and your team to analysing a particular problem area and suggesting improvements. We won't hold back, we will critique, challenge and encourage as well as offer advice and bring the benefits of our experience.

Do you know?

  • What profit margin each product or service makes?
  • How your pricing compares with those of your competitors?
  • The costs and benefits of investing in new equipment or technology?
  • How to incentivise your staff?

Part of our service is to give you visibility of just how profitable your products or customers really are i.e. after you have taken into account all of the costs of providing that service or product, both the obvious, direct costs as well as an appropriate share of your fixed costs.

Sometimes, we will develop specific plans to help you evaluate a key aspect of your business such as your pricing. We will help you evaluate what your selling price should be based on the actual costs plus your desired profit margin (and after taking into account the costs of working capital tied up in the product or service). Then we will help you evaluate what the market is willing to pay for that service or help you track the impact of different pricing strategies.