Articles

1. Annual Business Plan - Serves as a road map to where the business is going and how it will get there.
2. Annual S.W.O.T. analysis
        Lists of business' strengths so employees can sell from them and the business can capitalize on them.
        Lists the business’ weaknesses so the employees can work to turn them into strengths.
        Lists the business’ opportunities so the employees can capitalize on them.
        Lists the business’ threats so management can manage through them if they occur.
3. Identify the business’ financial goals with details on how to achieve them using measurable processes.
4. Identify the business’ business goals with details on how to achieve them using measurable.
5. Create an annual financial budget on a month-by-month basis and review the actual results vs. the budget monthly and quarterly using over and under measurements, making changes and/or modifications as needed.
6. Create a dashboard of key financial measurements that compares current financial period to budget, same period to same period prior year, and year-to-date to year-to-date prior year.
7. Review the business’ past two to three years actual financial results with the actual financial results of other businesses that operate in the same industry.
8. Review accounts receivable aging schedule monthly looking for large past due of large concentration of client(s).
9. Review accounts payable aging schedule monthly looking for large past due of large concentration of vendors/suppliers.
10. If the business is in the contract-winning business, compare the ratio of contracts won vs. contracts bid on.
11. Review business pipeline report for the current period vs same period month, prior quarter, and prior year.
12. Review outstanding balances, and availability on all lines of credit.
13. Review a rolling thirteen-week cash flow modeling report.
14. Develop a list of KPI’s and measure the actual results monthly vs. established KPI’s.
15. Review compliance with any outstanding loan agreements to prevent default.

List prepared by Horizon Associates, Inc.