Running a business places huge demands on your time, making it difficult to make the right decisions because you often don’t have time to gather, assess and assimilate the right information.

To compound the problem, your accounting systems may not be able to easily give you the information that you require in an understandable format.

Successful business decisions can only be taken with timely, accurate and appropriate information. This enables you to investigate the profitability of each aspect of your business, product or service, and challenge the overheads and costs associated with your operation.

At Lamont Pridmore , we have produced a useful checklist to guide business owners through the relevant steps needed to prepare accurate and timely management information, which in turn will help you make the best business decisions for your individual circumstances.

You can download our free management information checklist here or watch our video to guide you through the key steps you need to take to prepare accurate and timely management information.

Once you can regularly prepare this level of information we will work with you to understand what these numbers mean and help you to identify what areas of the business you need to improve and what actions you need to take. In our experience, it this is final step which most business owners do not take but it is the one that will have the most impact on your business and personal wealth.

Our outsourced finance director service is for those businesses who can’t justify a full-time finance director. This cost-effective solution ensures that these important financial duties are taken care of.

The service starts with ensuring that you have the right systems and processes in place to produce timely and reliable management information, identifying the most appropriate key performance indicators and a dashboard to help you improve profitability.

The significant value of this service is that we meet with the Directors on a monthly or quarterly basis to monitor and help improve the performance of your business, interpret the management information, support the development of action plans and help to oversee their implementation and delivery.

In our experience, successful businesses do not have any more or any better ideas than others it is just that they implement more of them.

Our clients who take advantage of our finance director service can make better business decisions, boosting their profits by up to 40% compared with those clients who only see us once a year to discuss their annual accounts.

To enable us to help you make better business decisions and improve your profits please contact Chris Lamont or Graham Lamont on 0800 2346978 or email chris@lamontpridmore.co.uk or graham@lamontpridmore.co.uk