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Our Profit Improvement Programme aims to give companies professional advice on how they can strengthen their capital structure, trim unnecessary costs and improve cash flow management.
We adopt a holistic approach that will see the entrepreneur benefiting in two ways:
The entrepreneur will have an integrated roadmap and action plan to guide him in planning for growth. The processes, plans and projections are formulated together with him, with the objective of optimising resources to effectively achieve his business goals. These are then documented for easy reference and follow-through.
More importantly to us is the longer-term impact on the business. This is often the change or affirmation process in which we bring the entrepreneur through. We provide independent expertise and guidance to help him systematically clarify his business goals and business management in a holistic manner. At the end of it, the entrepreneur will either be spurred with renewed confidence to pursue his business goals, or will be convinced of the changes he needs to adopt to move forward.
This is important because many growing businesses are saddled with the burdens of family connections and the belief in the past formula for success. The challenge for us is help them realise the new challenge facing them – how they need to re-engineer to survive and prosper with the changing economic landscape.
Methodology We deploy the “Stone Forest Model for Growing Businesses” in our assignments. The Profit Improvement Programme is relevant for a growing business undergoing any of the following situations:
This is the “happy problem” case, in which the business is on the fast track to growth, is short on funds and may lack the infrastructure to support its growth. It may also be encountering organisational conflicts and confusion that will curtail its growth.
Financial or business difficulties
Businesses in financial or business difficulties are normally plagued by one or more of the following problems: severe cash flow pressure, recurring losses, shareholders’ disputes, loss of key staff and banks’ withdrawal of credit facilities.
Some forward-looking entrepreneurs institute preventive measures like a ‘health check’ on their seemingly healthy businesses to prevent critical management errors, strengthen their management capabilities, grow their businesses or to plan for succession. The motivation is for independent professional assessment and advice.
Government support: Qualifying companies may obtain subsidies from Spring Singapore to help defray the consulting costs.