COVID-19 BUSINESS SUPPORT

Guiding You Through Uncertain Times

COVID-19 has caused many uncertainties and doubts, both for growing and established businesses. At Beyond Financials, we understand what support is required for start ups and small to medium businesses during this time. We have designed business support packages to help with:

  • Budgeting and Cash-flow Forecasting 
  • Financial Awareness and Financial Management Tools
  • Business Plans & Frameworks 
  • Business Continuity Planning

As registered Service Providers under the Regional Business Partner Scheme, your business may be eligible to receive full funding on our packages below.

We now offer advisory / coaching services that are registered with the COVID-19 Business Advisory Fund.

Till 30th September 2020, these services may be fully funded to eligible businesses – so the time to act is now.

What is the COVID-19 Business Advisory Fund?

The Covid-19 Business Advisory Fund has been provided by government to enable businesses to access expert advice and support and is being administered through the Regional Business Partner Network. The government has allocated funding to the COVID-19 Business Advisory Fund to provide support in areas such as HR, health and wellbeing, business continuity, cashflow and finance management, strategy and digital capability.

Business owners can access up to $5000 excl. GST per business from the COVID-19 Business Advisory Fund.

Small businesses may qualify for vouchers to help pay for services such as training workshops, courses and coaching that build the management capabilities of their owners and key managers.

Our COVID-19 advisory packages may be fully funded through the COVID-19 government scheme. 

What does this mean for your business?

We can work with your key stakeholders such as directors and management on delivering expert advisory services relating to Business Continuity and Cash-flow Management and Finance.

How it works?

Contact us now and we will take you step by step on how to access our services under the COVID-19 Advisory fund. 

Qualification Criteria

Businesses must:

  • Have undergone an assessment with a Regional Business Partner Growth Advisor
  • Have fewer than 100 full time equivalent employees, and
  • be GST registered in New Zealand, and
  • have a New Zealand Business Number, and
  • be operating in a commercial environment; and
  • be a privately-owned business or are a Māori Trust or incorporation under the Te Ture Whenua

Māori Act 1993 or similar organisation managing Māori assets under multiple ownership.

Non-eligible organisations

  • Charitable trusts
  • Incorporated societies

To get started – please contact Beyond Financials on 0800 00 48 68 or fill in the contact form below.

This package help business owners model their cash-flow, staffing levels and allowing them to understand their financial plans in light of their new business models. We adapt our delivery on a client needs basis – clients can get the maximum value from this package for their business.

Budgeting and Cash-flow Forecasting 

This will support you with:

  •  visibility on what your sales/revenue forecast
  •  identify where you will have some gaps in funds and if you should apply for a loan or seek investors
  •  to set and manage financial targets
  •  support insight for capital purchases (when and how)
  •  drive fast and informed decision making

 Financial Awareness and Financial Management Tools

We will support you to understand the differences and interpret:

  •  Income Statement (also known as a Profit & Loss Statement)
  •  Balance Sheet
  •  Cash-flow Statement

We will also cover the definition of financial ratios and then move on to setting up relevant ratios to support your decision making.

This package is designed to address the key areas that affect you and your business. It will assist you in keeping your business alive and give you and your team a framework for the support you need during this COVID-19 crisis

Business Plans & Frameworks

  • Build the Business Plan (broken down in business overview, market, marketing strategy, competitor analysis, financials, team, systems & compliance)
  • Setting a framework for a clear plan of where you and your business are going
  • How are we going to achieve these goals
  • How are we going to monitor and measure these goals
  • Understand your current business skills and identify gaps
  • Spot opportunities that can help you reach your end goal
  • Identify resources required and best use of resources (time, money, energy, etc.)
  • Clarity on opportunities (do they fit into your vision, should you take them or move on)

Business Continuity

  • Assisting you to create a more sustainable business.
  • What does sustainability mean in your business?
  • The effect business has on the environment
  • The effect business has on society
  • Why is sustainability important?

Our Finance and Cash-flow Management advisory will help business owners model their cash-flow, staffing levels and allowing them to understand their financial plans in light of their new business models. 

Cash-flow Management

We are going to help you to prepare a Budget and a Cash-flow forecast.

This will support you with:

 – visibility on what your sales/revenue forecast

 – identify where you will have some gaps in funds and if you should apply for a loan or seek investors

 – to set and manage financial targets

 – support insight for capital purchases (when and how)

 – drive fast and informed decision making

Financial Management

We will support you to understand the differences and interpret:

 – Income Statement (also known as a Profit & Loss Statement)

 – Balance Sheet

 – Cash-flow Statement

We will also cover the definition of financial ratios and then move on to setting up relevant ratios to support your decision making.

Ratios covered in these sessions:

 – Current Ratio

 – Quick Ratio

 – Cash Ratio

 – Operating Cash-flow Margin

We adapt our delivery on a client needs basis – clients can get the maximum value from this package for their business.

Method of Delivery: One on One (1:1)

Mode of Delivery: Zoom or Microsoft Teams or any other agreed online communication platform

Hourly Rate: $350 excluding GST / per hour

The time spent will depend on the business needs with a maximum of 14 hours delivered before 30 June 2020.

Our COVID-19 Business Continuity Planning advisory and support will address the key areas that affect you and your business. It will assist you in keeping your business alive and give you and your team a framework for the support you need during this COVID-19 crisis.

Business Continuity

We will go through:

 – What does sustainability mean in your business?

 – The effect business has on the environment

 – The effect business has on society

 – Why is sustainability important?

 – Creating a more sustainable business by:

  1. assessing the problem and define objectives (SMART goals is a good approach as you move through these steps)
  2. Establish your mission
  3. Craft your strategy
  4. Results (measure and report or go into a partnership with another business)

Planning Frameworks

We will work through:

 – Setting a framework for a clear plan of where you and your business are going

 – How are we going to achieve these goals

 – How are we going to monitor and measure these goals

 – Understand your current business skills and identify gaps

 – Spot opportunities that can help you reach your end goal

 – Identify resources required and best use of resources (time, money, energy, etc.)

 – Clarity on opportunities (do they fit into your vision, should you take them or move on)

 – Build the Business Plan (broken down in business overview, market, marketing strategy, competitor analysis, financials, team, systems & compliance)                                                          

We adapt our delivery on a client needs basis – clients can get the maximum value from this package for their business.

Method of Delivery: One on One (1:1)

Mode of Delivery: Zoom or Microsoft Teams or any other agreed online communication platform

Hourly Rate: $350 excluding GST / per hour

The time spent will depend on the business needs with a maximum of 14 hours delivered before 30 June 2020.

Every business needs a plan. Setting your business framework and plans is important, as it is a description of your business’s future. It is a document that tells you what you plan to do and how you plan to do it. Your plan should keep you focused on your goal.

In this session we will work through:
– Setting a framework for a clear plan of where you and your business are going
– How are we going to achieve these goals
– How are we going to monitor and measure these goals
– Understand your current business skills and identify gaps
– Spot opportunities that can help you reach your end goal
– Identify resources required and best use of resources (time, money, energy, etc.)
– Clarity on opportunities (do they fit into your vision, should you take them or move on)
– Build the Business Plan (broken down in business overview, market, marketing strategy, competitor analysis, financials, team, systems & compliance)

Time Commitment: 4 – 6 Hours

Cost of Package: $250+GST per hour

 

Operational Plans are focused on specific procedures and processes, this can either be single-use or ongoing plans.

There are a variety of operations plans, which go into detail in mapping out the day-to-day tasks required to run the business – plans can be set up for Human Resources, Finance, Marketing, Initiatives, Production, etc.

In our session, we will focus on supporting you to:
– Develop objectives
– Develop tasks to meet those objectives
– Determine the resources needed to implement tasks
– Create a timeline
– Determine how you are tracking against your goals and agreeing on an assessment method
– Finalise the plan
– Distribute to all involved in the process

Time Commitment: 6 -8 Hours

Cost of Package: $250+GST per hour

 

A growth strategy is a plan of action that allows you to increase your market share. Growth strategies can either be focused on short- or long-term outcomes.

In this session, we will support you to:
– Establish a value proposition
– Identify your ideal customer
– Define your key indicators
– Verify your revenue streams
– Look at your competition
– Focus on your strengths
– Invest in talent

Time Commitment: 3 – 5 Hours

Cost of Package: $250+GST per hour

Sustainable Business Strategy illustrates how businesses can thrive and grow while simultaneously solving some of the world’s biggest challenges—and how you and your company can make a difference.

In this session we will go through:
– What does sustainability mean in your business?
– The effect business has on the environment
– The effect business has on society
– Why is sustainability important?
– Creating a more sustainable business by (From purpose to performance):
1. assessing the problem and define objectives (SMART goals is a good approach as you move through these steps)
2. Establish your mission
3. Craft your strategy
4. Results (measure and report or go into a partnership with another business)

Time Commitment: 4 – 6  Hours

Cost of Package: $250+GST per hour

When it comes to sustainability, a lot of businesses are often left scratching their head. What does sustainability mean? Will it definitively help my business? What are the benefits? In other words, as a business, how does becoming sustainable affect our bottom line?

In this session we will work through the benefits covering:
– Energy, Pollution & Waste Reduction
– Cost Savings
– Brand improvement (marketing benefits)
– Improved relationships & collaboration with suppliers and government
– Opening up new markets
– Attract quality investors
– Financial Performance improvement
– Innovation
– Attracting and engaging employees

Time Commitment: 4 – 6 Hours

Cost of Package: $250+GST per hour

Now that we know what a sustainable business is and understand the environmental, social & financial benefits, we have to form a reduction strategy and revise our procurement processes & procedures.

Reduction Strategy
A good place to start is the 3 “R’s” – reduce, reuse, recycle – to cut waste and improve the efficiency of resources.
– Identify our main focus (e.g. Affordable and clean energy, Climate action, etc.)
– Identify direct contributors (e.g. Partnerships for the goals, Industry, Innovation, and Infrastructure)
– Identify indirect contributors (e.g. Good health & wellbeing, Sustainable cities and communities, Responsible consumption and production, Decent work and economic growth)
– How will we achieve each of these? – (Examples: Reducing or switching resources?, Reduce Waste and how, etc.)

Sustainable Procurement Strategy
Sustainable procurement is the use of purchasing “to support wider social, economic and environmental objectives, in ways that offer real long-term benefits” to businesses and the communities in which they exist.
– The first steps are to conduct a spend analysis and identify where sustainable procurement is viable.
– We will also work through supplier sustainability credentials and practices.
– From here a plan and priorities can be set up to help with clear direction for your buying teams and suppliers, supporting procurement guidelines.
– How can we capture opportunities – look for innovation/opportunities to drive social benefits through engagement with suppliers and the wider marketplace.

Time Commitment: 4 – 6 Hours

Cost of Package: $250+GST per hour

Cash management often gets put on the back burner, mostly because we feel it distracts us from our real passion, working on the business rather than in it. But cash management is a core part of running a successful business.

Cash flow forecasting is an essential tool for any business planning. It helps the owner, board, management to make informed and forward-thinking, strategic decisions.

It is much like a weather forecast, with no or little guarantee that everything will work out as planned; however, it helps you prepare for what is likely based on your cash projections.

In this session, we are going to help you to prepare a Budget and a Cash flow forecast.
This will support you with:
– visibility on what your sales/revenue forecast
– identify where you will have some gaps in funds and if you should apply for a loan or seek investors
– to set and manage financial targets
– support insight for capital purchases (when and how)
– drive fast and informed decision making

Time Commitment: 8 – 10 Hours

Cost of Package: $250+GST per hour

Many people find it challenging to use a company’s financial statements for a management tool until they understand how to interpret them. Accounting data is collected over a specific time and is used to prepare the three key financial elements of the statement.

From Board reports and monthly management reports to converting your business data into meaningful insights, the right reporting and insights will give you the ability to understand your key drivers and improve decision making, it will maximise business value.

Each statement/report takes your business financial pulse in a different area and tells you more about the health of your business.
We will support you to understand the differences and interpret:
– Income Statement (also known as a Profit & Loss Statement)
– Balance Sheet
– Cash Flow Statement

We will also cover the definition of financial ratios and then move on to setting up ratios to support your decision making.
Ratios covered in these sessions:
– Current Ratio
– Quick Ratio
– Cash Ratio
– Operating Cash Flow Margin

Time Commitment: 5 -7 Hours

Cost of Package: $250+GST per hour

The words “cost” and “price” are often used interchangeably, however, when it comes to accounting and financial statements, both words mean something different. When conducting any financial analysis, before making any investment decisions, it’s important to understand the difference between the two and how they play a part in a company’s financial profile.

– Costing: Cost is typically the expense incurred for making a product or service that is sold
– Pricing: Price is the amount a customer is willing to pay for a product or service
– The cost of producing a product has a direct impact on both the price of the product and the profit earned from its sale.

In this session we will work through:
– Cost & Price definitions and what it means in your business
– Why is it important to cost before you price
– Components of Costs e.g.Fixed vs variable costs (understanding the differences)
– Factors affecting pricing
– The basic calculation of product or service costing
– Determining which products or services contribute the most profit
– Understanding and calculating your business break-even point

Time Commitment: 10 – 12 Hours

Cost of Package: $250+GST per hour

Organisational efficiency is the ability of the business to implement its plans using the smallest possible expenditure of resources. It is an important factor in the organisational effectiveness, this being the ease and degree of success with which the business is able to accomplish its aims.
We will cover:
– Cost reduction through effective business systems
– How to set up effective office systems and improve workflow
– Look at information technology requirements

Operational systems are there to help the everyday operation of the business.
These are the backbone systems of any enterprise, and include order entry, inventory, manufacturing, payroll, and accounting.

Identifying and documenting systems & procedures is key to the success of any organisation and will help transition and training when one staff member leaves for a new staff member.

Time Commitment: 8 – 10 Hours

Cost of Package: $250+GST per hour

Our training, coaching and mentoring services include (not limited to):

Business Planning

  • effective goal setting
  • development of vision and mission statements
  • understanding and identifying growth strategies
  • guidance on how to conduct SWOT analysis in your industry
  • how to identify competitive advantage such as doing competitive analysis 
  • how to set set realistic and stretch targets
  • how to develop operational and action plans

 Finance

  • Accounting 101 – understand accounting principles
  • understanding financial reports – balance sheets and performance statements
  • identifying key financial ratios for your industry
  • guidance on how to price your product or service
  • understanding how to truly cost your product or service
  • how to prepare effective budgets and forecasts
  • how to develop effective cash-flow forecasting and reporting
  • understanding Taxation principles including GST, FBT, Income Tax, PAYE etc.
  • reviewing business structure to ensuring correct tax strategy

Business / Financials  Systems & Process Improvements

  • identifying the best financial system for your business and size
  • understanding and documenting information flows (electronic & non-electronic)
  • understanding process re-engineering principles
  • how to set up efficient office systems / processes
  • guidance on reducing businesses costs through effective business systems, improving workflow and IT efficiency
  • identify and setting up benchmarking and KPI’s for the business and staff
  • identifying and learning best practice (national and international) to improve business performance
  • systems integration (front end to back end)
  • how to get your business online and e-commerce initiatives

> Expert Financial Guidance

> Startups and Growing SMEs

> Essential To Scale Up

> Support That Suits You

> No Lock Ins or Surprises

> Cost Effective

> Regular Meetings

Get Through Uncertainty

Facing the challenge of uncertainty brings stress. 

Beyond Financials is here to help you reduce some of that stress.

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Cash-flow Management and Financial ManagementBusiness Continuity and Planning


 

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