TIME FOR A MID-YEAR CHECK-UP!
MyCFO can put systems in place to keep your business on track!
Whether your year is going great, poorly or somewhere in-between, taking the time to perform a mid-year review can significantly improve your chances of achieving success. And once the review is completed, it is crucial to have systems in place to make certain your business stays on the adjusted path. Here are the essentials for both steps, including how MyCFO can help you!
Why perform a Mid-Year Review?
Effective business leaderships not only handles day-to-day issues but also plans for contingencies and best/worst/most likely scenarios. Common concerns include … (click here)
Key Steps for a Mid-Year Review
While every company is different, there are 8 steps that MyCFO typically implements with clients as part of the mid-year review … (click here)
Putting Systems in Place to Ensure Success
MyCFO typically provides sophisticated assistance and systems to generate key financial and other data for management to regularly monitor. A key tool that we implement is a balanced scorecard (“BSC”), which is a strategic management performance tool that measures past performance data and provides organizations with feedback on how to make better decisions in the future. A balanced scorecard typically measures four key areas: financial, customers, internal processes, and organizational/human capital. These BSC metrics are used to develop actionable strategies, aimed at improvements in key performance areas.
The professionals at MyCFO are experts in helping our clients to translate strategic goals into actual performance improvements. We set up systems to monitor results during the year, and consult with the client in making adjustments along the way.
Don’t delay, improve your business today!
The time and money invested in a mid-year review can be minor in relation to the potential outcome. The professionals at MyCFO can offer invaluable expertise in this process. Contact us today for a free initial consultation!