the Lead Coach
and for the smaller business
Our comprehensive services include expert assistance and coaching in key areas such as business processes and controls, cash flow management, budgeting, costing and pricing, delivering small projects, and implementing changes. We aim to empower your business with the tools and strategies needed for sustainable growth and efficiency. Let us guide you through each step for optimal results.
business coaching
A small business could greatly benefit from having the Lead Coach as their business coach because we provide expert guidance and support tailored to the unique challenges of their business.
the Lead coach can help identify areas for improvement, set achievable goals, and develop strategies to overcome obstacles. With our experience and insights, we can offer fresh perspectives and accountability, ensuring the business stays on track and grows effectively. Ultimately, investing in a coach can lead to increased confidence, better decision-making, and a clearer path to success.
bookkeeping
Bookkeeping for small businesses is all about keeping track of money going in and out. It involves recording sales, expenses, and other financial activities to understand how the business is doing. Good bookkeeping helps owners see where they can save money, plan for the future and make sure they pay the right amount of taxes. In simple terms, it's like keeping a diary of your business's finances to stay organised and informed.
budgeting
Budgeting for any small business involves creating a plan to manage income and expenses. It helps business owners track where their money is coming from and where it’s going, allowing them to be informed to make sound financial decisions. A good budget outlines expected revenue, fixed costs like rent, and variable costs such as supplies, allowing the business owner to review and adjust the budget which can help small businesses stay on track and achieve their financial goals.
business plans
A business plan is important because it acts like a guide, a road map, for how you would like to run your business. It does this by clearly laying out what the business wants to achieve and how to get there, making it easier to remain focused and stay on track. Having a solid plan can also help when trying to get finance from banks or investors, as it shows that the business has thought things through. Plus it helps business owners spot any problems or opportunities before they become big issues, keeping them prepared for whatever comes their way.
cashflow forecasting
Cash flow forecasting is crucial for small businesses, particularly those with seasonal sales. It helps owners predict when money will come in and go out, allowing them to plan for leaner months. By understanding cash flow patterns, business owners can make informed decisions about expenses, manage inventory, and ensure they have enough funds to cover operational costs during off-peak seasons. This foresight can ultimately lead to better financial stability and growth for the business.
control processes
Having control processes in place is crucial for small businesses because they help ensure everything runs smoothly and efficiently. These processes allow business owners to monitor operations, manage resources, and maintain quality, which can lead to better decision-making. By implementing clear procedures, small businesses can reduce errors, save time, and ultimately improve customer satisfaction. In a competitive market, having strong control measures can make a significant difference in achieving long-term success.
understanding VAT
Value Added Tax (VAT) is a type of tax that is added to the price of goods and services at each stage of production or distribution. Simply put, it’s a way for the government to collect tax on the value that is added to a product at each step, from manufacturing to final sale. For example, if a manufacturer makes a product, they pay VAT on the materials they buy, and then they charge VAT when they sell the finished product to a customer. Ultimately, the end consumer pays the VAT when they buy the product, which is included in the final price.
Many businesses find it challenging to navigate VAT, because it can be quite complex. Essentially, VAT registered businesses must keep track of how much they collect and pay at different points. This requires careful record-keeping and understanding of tax rules, which can be overwhelming, especially for small businesses with limited resources. Additionally, mistakes in VAT calculations can lead to penalties, making it crucial for businesses to stay informed and compliant.
