Owning your own business is hard work and can often leave you feeling unsupported. Business owners need to make effective management decisions - these rely on a sound understanding of your business. The better you understand your business, the easier it will be to unlock its full potential. The team at ilumin can help through our tailored coaching services.
Financial Awareness Coaching
A great place to start is with interpreting your numbers properly and increasing your financial awareness. This allows you to gain a strong foundation for business growth. Our Financial Awareness Coaching service which gives you the chance to:
- Develop an understanding of your key financial reports
- Learn how to report on cashflow and profit
- Understand how to better manage your debtors and creditors
- Identify gaps in your income and expenses to get better results
- Understand how to capture other important information (stock, debtors, creditors, etc.).
Financial Awareness Coaching is perfect if you would like to:
- Format your reports in a way that makes decision making easier
- Be able to better manage and monitor your cashflow
- Gain better understanding of the financial implications of decisions
- Identify any burning issues that need to be addressed
- Better understand your business.
Any time is a good time to improve your understanding of your financial reports. The sooner you start Financial Awareness Coaching, the better your understanding of financial results will become and the more control you’ll have over your business’s outcomes.
Regular Coaching
In addition, our Coaching service will provide you with the accountability and support needed to achieve your goals. We will help you to overcome obstacles and challenges in your business, maximising the synergy between your expertise and ours.
Our Coaching service gives you the chance to:
- Meet regularly with one of our senior team members
- Review your results and find areas of improvement
- Discuss burning issues and opportunities in your business
- Work out ways of achieving the goals set in your Business Plan
- Increase business performance and unlock growth.
Ideally, Coaching takes place once you have completed a Business Plan. However, the programme may also be used as a vehicle to work through major changes in your business circumstances or to help you implement a strategic or succession plan.
By joining our Coaching programme, you’ll:
- Increase accountability and support from your Coach
- Improve your business’s profitability and cashflow
- Identify and solve your burning issues
- Improve business performance by identifying ways to overcome challenging issues
- Access the collective wisdom of our accountants, our systems, products, and services.
If you want to improve your financial awareness, or need to be held accountable for completing actions and achieving your goals, get in touch for more information about how our Coaching services could help you.
