Collective Board Services
You talk to a CPA about taxes and a lawyer about legal issues. Who do you talk to about your business?
Designed from our private Board Services program, Collective Board Services is a cost-affordable opportunity for small business owners to gather in a group setting and learn the techniques necessary to operate with a substantially higher level of systematic thinking aimed at growing revenue and profitability. This service is enhanced through participants' on-going access to Cathedral's small business management expertise between sessions.
Each month in a two-hour session, Cathedral assists participants of Collective Board Services to reflect on operating results and develop the discipline of running a business through monthly oversight that anticipates upcoming business concerns through financial statement analysis. In addition to examining current marketing strategies and prospective revenue sources, Cathedral offers advice on current and long-term business issues via a new topic each month that is pertinent to the business cycle. Discussing and relating the issue to items provided by participants, examples of monthly topics are:
- Marketing Strategy: Cathedral examines how to most effectively develop a strategy for customer acquisition through competition and pricing, internal marketing, marketing to your existing customer base, and utilization of the internet.
- Taxation: Cathedral examines the tax implications of your business structure, providing tax tips and the importance of a separate account for tax withholdings.
- Financial Statements: Cathedral instructs how to properly use financial statements and accounting software to determine the true profitability of the company.
- Product Mix: A thorough review of products and services provided by your enterprise as well as their profitability and potential customer needs the company has yet to address.
- Compensation Planning: Cathedral demonstrates processes and effectiveness to capitalize performance reviews and compensation planning. This topic includes compensation adjustments and how to review the value of the position appropriate to your company.
- Cash Flow Management: Cathedral will demonstrate the best use of your cash will be for each individual business while addressing the need to manage cash flow for the best of the business.
- Systems Review: How to most effectively review and management technology, internal controls, financial and management systems in order to make the business run smoothly and efficiently.
- Strategy Review: A three to five year look forward provides a steady vision against which the business is being operated.
- Year End Maxmization: As you enter the last quarter of the year, Cathedral assists enterprises on how to maximize customer opportunities and effectively prepare for the holidays with a review of year-end expenses.
- Budget Planning: Utilizing an efficient budgeting method for small companies, Cathedral walks participants through the process of establishing your own budget based on revenues, expenses, net income, and cash flow.
- Year End Wrap Up: Ending the year strong, Cathedral works with companies to finalize budgets with a focus on year-end tax planning, file clean-up, HR reviews, and customer reviews.
Contact Cathedral Consulting Group, LLC to join a Collective Board Services session today.
