BUSINESS SERVICES
STRATEGIC BUSINESS PLANNING
A Strategic Business Plan is much more than a tool to obtain financing. If you still have all your plans and ideas locked up inside your head… preparing a strategic plan helps you clarify your company’s direction, ensures your key leaders are all “on the same page,” and keeps both management and staff focused on the tasks at hand.
A Strategic Plan is often needed when:
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Starting a new venture, product or service
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Expanding a current organization, product or service
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Buying a new business, product or service
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Turning around a declining business
The Strategic Plan provides a blueprint, describing your company, its products, the competitive environment, management team, financial health, and business risks.
The plan allows you to:
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Identify and describe the target customer profile, features, advantages and benefits of your new venture, product or service.
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Justify that your plans are credible by fully researching the need being filled with your new venture.
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Develop marketing plans including full descriptions of targeted promotional campaigns with implementation timelines. You also get to examine market conditions, the nature of your customers, as well as your competitors, sales potential, and projected results of your promotional campaigns.
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Develop staffing plans including identifying the key players, skills, attitudes and expertise needed to build the venture.
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Develop management plans including full descriptions of management systems and timelines for implementation.
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Develop financial plans including projected startup costs, operating costs, revenue, profits, and break-even analysis for the first 3 to 5 years.
Projected financial plans allow you to effectively predict upcoming problems, or prevent them. In other words, the perspective gained through your Strategic Business Plan can make a significant contribution to your company’s success, and help you get the funding you require. In fact, most lending institutions and private investors will not even talk to you without a solid financial plan.
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Identify building and equipment needs including vendors and cost estimates.
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Formulate company milestones including timelines for upcoming products and services in development.
Remember: Failing to plan is planning to fail.
Let us help you develop a powerful Strategic Business Plan that drives your business to the level of success you deserve.
BUSINESS PLAN CONSULTING
A business plan is a written document that describes in detail how a business, usually a startup, defines its objectives and how it is to go about achieving its goals. A business plan lays out a written roadmap for the firm from marketing, financial, and operational standpoints. Business plans are important documents used to attract investment before a company has established a proven track record. They are also a great tool for companies to use to keep themselves on target going forward.
Although they're especially useful for new businesses, every company should have a business plan. Ideally, the plan is reviewed and updated periodically to see if goals have been met or have changed and evolved. Sometimes, a new business plan is also created for an established business that has decided to move in a new direction.
INTERNAL CONTROLS
At times you may need a trained outside professional to evaluate your company’s operations to determine if the appropriate controls are in place to ensure proper handling of resources and to protect yourself from potential employee theft.
We assess your internal control systems to determine the efficiency and effectiveness of your operating procedures. Then we make recommendations that help your company become stronger and more profitable by correcting any inefficient or ineffective operating procedures we find.
What we do for you:
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Implement segregation of duties so that duties are divided, or segregated, among different people to reduce risk of error or inappropriate actions. No one person has control over all aspects of any financial transaction.
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Make sure transactions are authorized by a person delegated approval authority when the transactions are consistent with policy and funds are available.
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Ensure records are routinely reviewed and reconciled, by someone other than the preparer, to determine that transactions have been properly processed.
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Make certain that equipment, inventories, cash and other property are secured physically, counted periodically, and compared with item descriptions shown on control records.
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Provide employees with appropriate training and guidance to ensure they have the knowledge necessary to carry out their job duties, are provided with an appropriate level of direction and supervision, and are aware of the proper channels for reporting suspected improprieties.
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Document policies and procedures and making them accessible to employees. The documented policies and procedures provide day-to-day guidance to your staff and continuation of duties in the event of prolonged employee absences or turnover.
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Review operations to ascertain whether results are consistent with established objectives and goals and whether the operations are being carried out as planned.
NEW BUSINESS FORMATION
Thinking of owning your own business?
Opening your own business is exciting and thrilling. It’s everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It’s up to you to maintain and stretch out the “thrill and excitement” period forever.
A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. We help you avoid the common pitfalls that many new small business owners make when starting their new venture.
We help you:
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Prepare an initial business plan to clarify your marketing, management, and financial plans.
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Determine your start-up capital needs.
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Identify sources of start-up capital and backup sources if needed.
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Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
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Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
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Select the right accounting software by evaluating your budget, needs and hardware.
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Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
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Establish billing and collection procedures to maximize your cash flow.
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Establish procedures to monitor and control costs.
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Prepare and file all required state and local licenses and permits.
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Prepare and file your application for your Federal Employer Identification Number.
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Provide payroll and payroll tax filing when you bring on your first employee.
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Comply with employment laws so you don’t get hit with fines and unhappy employees.
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Identify your business insurance needs.
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Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.
Let us help you succeed by getting your new business off to a good strong start.
BUSINESS CONSULTING
Our flexible strategies will address the issues affecting your business and deliver the necessary tools, leadership, and financial acumen to help you efficiently achieve your goals. Whether you are starting a new business, selling an existing business, or identifying areas for operational improvements—we are here to help you. We will work closely with you to ensure your needs are met, providing guidance you can trust.
Here is a sampling of the business consultation services we offer:
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Accounting software selection and implementation.
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Type of entity selection (LLC, versus S Corp, versus C Corp)
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Business Plan development for bank financing
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Business review and planning
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Business process flow as it relates to your bookkeeping process
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Financial reporting review
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Tax & Business Planning
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HUMAN CAPITAL
It’s more than paychecks and compensation, Arcane Accounting Human Capital ensures that you have the right resources and practices in place to reduce liabilities, protect your business, support people and create a culture that increases productivity, improves satisfaction and enables you to attract and keep the best people. Our attorney lead team is able to help you understand your rights and responsibilities as an employer/business owner from a legal and compliance perspective.
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Policy Manuals
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Compliance
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Termination Assistance
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Training
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Workforce Planning
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Performance Management
