You wouldn't drive your car without a dashboard!
So why drive your business without one?
We all take for granted the valuable information that our automobile dashboards provide us while driving down the road. They allow us to know that the state of our vehicle is in good shape to continue on our journey. They provide us with the knowledge of just how fast we are traveling, how far we have gone, and how much further we have to go to our planned destination. Automobile engineers' main goal in the development of the dashboard was to provide the driver with the appropriate data to successfully operate the car. Their second goal was to provide that information in a way that is easily viewable and assessable to enable timely decisions providing for safe and successful travel.
Likewise, a good business advisor has as a first goal to select the appropriate set of Key Performance Metrics (KPMs) for that business and industry and then present them in a way that is easily viewed and understood for timely decisions to be made. Just like driving a car, successfully driving a business requires planning, destinations, observations, adjustments, and always keeping your hands on the wheel. Just like the information provided by our automobile dashboards, a well-run business needs to have constant, accurate, and appropriate data that is easily viewed and understood to make the adjustments necessary to ensure that you are on the right road, are traveling at the right speed, know your vehicle has the capability to get there, and are assured of reaching your planned destination successfully.
Woodall Group focuses on providing business solutions based on real-world operating experience through our VIRTUAL CFO services. Unlike most CPAs, we have actually been there and done that. We have started, grown, and sold or merged several business enterprises and we know what it takes to run your own business successfully. We work closely with management to help guide their company through the myriad of business decisions that are made on a daily basis affecting overall operations and profitability. We are trusted advisors for our clients' long-range planning up to and including the many options available as an exit strategy.