The Challenge
After small steady increases in our annual turnover year on year we were all of a sudden losing money and didn’t know what the cause was.
The Process
Assessing the immediate threat it was established that after many years of trading the business was handed down from parent to child. Very little policies and processes were in place and there was no proper budgeting and management accounts. The lack of policies, processes, budgets, and management accounts were addressed and other challenge areas were pinpointed with laser sharp accuracy.
Conclusion
Within a very short time challenge areas were addressed. Challenges with our employees are now a thing of the past and the finances not only stabilised, but we also manged to free up some much-needed cash resources that enabled us to realise our long-desired goal of creating an online store. The best part is that we have built a lasting relationship with Renate & Noble Prosperity and we have comfort in the fact that she is only a call away when we need assistance.