Wearing too many hats? Are you spending too much time on activities that don’t drive revenue? Would you like to spend more time on the things that get you excited?
Nowack Transformational Services is a uniquely positioned consulting service arrangement where, on a monthly retainer basis, we meet with you to work through your business issues. Additionally, all of your business functions like tax preparation, accounting and payroll can be managed seamlessly by our team. You’ll benefit the rewards of building a business that makes ‘cents’, and provides meaningful fulfillment in your life. Think of it as having a CFO for your business who is also available to help you along with the challenges of business ownership from both a personal and business perspective. So you may have a business coach, a bookkeeper, and your CPA, but they probably don’t all work together to provide services in concert to support your business. We do.
A typical engagement would include:
- Business Planning -
What is the vision of the business, where are you going, why are you going there? In essence, why are you in business and how do we get you there!- Process Review -
Evaluate how you are currently transacting business. This includes a review of your financial statements, but also of your processes. We also pay particularly close attention to the sales process. Since many of our clients are in service industries, whenever a principal of a firm is out looking for business, that effort is costing your business money. How we maximize your marketing effort is core to this review.- CFO to Go -
Each month or quarter, we review your business’s performance. We look at your financials and any other key metrics and compare that against your plan. Sometimes we tweak operations and sometimes we tweak the plan, but the key element here is that we are spending some time regularly thinking about your business beyond the day-to-day.- Obstacles to Success -
During that review, we will spend some time identifying areas for improvement. Sometimes it could be as simple as delegating some responsibilities to someone else. Sometimes it’s just a matter of being open to being successful. Either case, we will explore that together.- Legacy / Succession Planning -
As your business becomes more and more successful, the key element to discuss is how to exit your business so it runs without you – if that’sa goal of yours. Part of this may be delegation to other team members. This may also include having an exit strategy and looking for potential buyers to your business.- Tax Planning -
How do we minimize income tax and estate tax is core to this offering. While we are not financial advisors, it is about setting up the tax strategies for success and then finding the ideal service partners to making them happen.
