The Business Financial Health Check is a comprehensive diagnostic service combined with expert consultation to identify your business's financial strengths and weaknesses. This premium service provides a complete assessment of your current financial practices and delivers a personalized improvement plan tailored to your specific business situation.
The Business Financial Health Check is our premium service designed for established businesses that want to optimize their financial performance and identify hidden opportunities or risks. This is not just a product, but a comprehensive service that combines our assessment tools with personalized professional guidance.
Many businesses operate for years without ever getting an objective assessment of their financial practices and performance. Our Business Financial Health Check provides this crucial evaluation, helping you understand where you stand compared to similar businesses and where you can improve.
This service is ideal for businesses that have been operating for at least one year and have established some financial records. It's particularly valuable for businesses planning for growth, seeking investment, or experiencing financial challenges they don't fully understand.
| Package Contents |
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|---|---|
| Consultation Formats | In-person (Accra, Kumasi, Takoradi) Video call Phone call (based on client preference) |
| Assessment Areas | Cash Flow Management Profit Optimization Financial Record-Keeping Business/Personal Finance Separation Pricing Strategy Cost Control Investment Planning Financial Risk Management Debt Management Tax Compliance |
| Languages | English, Twi (other languages available on request) |
| Support Period | 12 months of implementation support with monthly check-ins |
| Advisor Qualifications | Minimum 5 years experience in small business finance Professional certification in accounting or financial advisory |
| Industries Served | Retail, Wholesale, Manufacturing, Services, Food & Beverage, Agriculture, Technology |
August 12, 2024
I own a medium-sized electronics retail business in Accra that had been profitable but wasn't growing as quickly as I wanted. The Business Financial Health Check identified three critical issues I wasn't aware of: my inventory turnover was much slower than industry average, my pricing strategy was inconsistent, and I was spending too much on certain operational costs. The improvement plan was extremely detailed, and after implementing the changes, my profitability increased by 23% in just 4 months. The monthly check-ins kept me accountable and helped me adjust the plan as needed.
July 3, 2024
I was hesitant about the cost of this service at first, but it turned out to be the best investment I've made in my catering business. My advisor, Francis, was exceptional - he had specific experience in the food industry and understood the unique challenges we face. The report revealed that my pricing wasn't covering all my costs properly, and I was losing money on certain menu items. The benchmarking showed that my food costs were 8% higher than similar businesses. After following the improvement plan for 6 months, I'm now properly profitable and have been able to expand my service offerings.
May 17, 2024
We were considering taking a loan to expand our clothing manufacturing business but decided to get this financial health check first. It was eye-opening. The assessment found that we actually didn't need a loan at all - we had enough capital tied up in inefficient processes that could be freed up through better management. The report identified specific ways to improve our production scheduling, reduce waste, and optimize our cash cycle. Following the implementation plan, we were able to self-finance our expansion and avoid taking on debt. The consultations were professional and thorough, and the ongoing support has been invaluable.
The Business Financial Health Check is designed for small to medium-sized businesses with annual revenues between GHS 50,000 and GHS 5 million. We've worked with businesses ranging from single-owner operations to companies with up to 50 employees. The assessment and recommendations are tailored to your specific business size and complexity.
While more records will provide a more comprehensive assessment, we can work with businesses at various stages of financial record-keeping. At minimum, you should have some sales and expense records for the past 6-12 months. If you have formal financial statements, bank statements, inventory records, and tax filings, these will enhance the assessment. Part of our service includes recommendations for improving your record-keeping systems if needed.
We treat your business information with the strictest confidentiality. All our advisors sign comprehensive confidentiality agreements, and your data is stored in secure systems with restricted access. We never share your specific business information with other clients or third parties. The only exception would be if you specifically authorize us to share information, for example, when helping you prepare documentation for a loan application.
The core assessment process typically takes 3-4 weeks from your initial purchase to the delivery of your final improvement plan. This includes time for you to complete the assessment toolkit (3-5 days), scheduling and conducting the three consultation sessions (1-2 weeks depending on your availability), and our team's analysis and report preparation (1 week). The subsequent 12 months of implementation support involves monthly check-ins scheduled at your convenience.
All our financial advisors have minimum qualifications including: 1) At least 5 years of experience working with small businesses in Ghana or similar markets; 2) Professional certification in accounting, financial planning, or business advisory; 3) Specific training in our assessment methodology; and 4) Industry expertise in relevant sectors. Many of our advisors have additional qualifications such as MBA degrees or specialized certifications in areas like tax planning or business valuation.
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