Successful SMEs have systems

Many of the systems are similar to systems implemented by larger businesses normally operating in the same industry.

Preparing and continually reviewing the BUSINESS PLAN is the key planning document.

Implementing a CULTURE OF CONTINUOUS IMPROVEMENT is a key feature of outstanding SMEs.

Preparing PREDICTIVE ACCOUNTING REPORTS is the “FINANCIAL LANGUAGE INTERPRETATION OF THE BUSINESS PLAN and is a vital document for the Leadership Team to continually review performance against.

Establishing set times for meetings within the organisation will enable the implementation of the RHYTHM OF MEETINGS that all successful large companies and many SMEs operate.

The 52-WEEK OF THE YEAR BUSINESS SYSTEM really establishes the concept that the accounting/administration functions are required to be performed week by week during the year, not just at the end of a month or even worse, only at the end of the financial year.

Towers Business Development can assist SMEs implement these key processes. To find out more, contact us on 1800 232 088 or email , to arrange a complimentary initial consultation via Zoom.