What if you knew the impact of an important decision before you made it? Could you and your business benefit from this “what if” strategic planning?
You would be able to look at the potential outcome and financial impact of business decisions before they are made. At KWB we use software called Profit Driver to turn historical financial data into strategic plans.
We are able to create scenarios that help you optimize operational efficiencies, improve cash flow and see the benefit of changes to sales, pricing, cost of sales, days receivable and payables and even more.
We can also provide a health check report that clearly identifies what areas within the business need improvement. As well, the report can be used to communicate business performance and the results of strategic planning. These projections can even be spread over numerous periods to create monthly or quarterly budgets.
KWB is also able to provide an implementation action plan to break down what steps need to be completed in order to carry out strategic planning. Having the plan broken out into steps and analyzing who is responsible and when action is required will ensure all parties are using the same communication plan, minimizing confusion.
If you are looking for an overall health check of your business or looking for ways to better your bottom line through strategic planning or have any other questions please call us at 780-466-6204 or click here to send us an email.
Thanks to Darren Buma of KWB Chartered Accountants for providing this content.
Darren Buma, CPA, CA
Darren has a passion for small business and loves to work with both budding and experienced entrepreneurs. After articling with KPMG and receiving his Chartered Accountant designation, he left to explore the world of small business. What he was expecting to be a short exercise turned into nine years of excitement. During that time he helped to grow and operate a variety of private companies in both commercial real estate development and computer software development.
In 2004 Darren joined KWB so that he could have the best of both worlds, running a small entrepreneurial firm and being in a position to help entrepreneurs like you, grow your business and secure your future. He became a partner at KWB in 2007. His knowledge and advice isn't just academic, Darren lives the roller coaster of entrepreneurship that you ride every day.
Aside from his responsibilities at work, Darren is active in the community. He is a past Chair of the Edmonton Chapter of Financial Executives Canada, sits on the disciplinary tribunal roster for the Institute of Chartered Accountants of Alberta, and is active in minor hockey both as Treasurer for his local hockey association as well as coaching numerous hockey teams over the years.
Darren's Contact Information
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