This tool is the Plan-Do-Check-Act cycle. It streamlines the idea creation-to-execution process by making sure that your management team aren’t swamped by too many projects at any one time. All projects are run through this tool and only once this is complete can they be moved into the 2-5 year strategic planning cycle below:
Proven Solutions and Support for Your Business
The quality of service that your practice is able to provide to your customers is your highest priority. We know that in order to provide the highest quality service, you must first provide the ideal environment for business growth and employee satisfaction. This starts with a solid business model, with the right accounting, legal and insurance systems in place.
Nitschke Nancarrow’s small business consultation team, headed by director Kym Nitschke, provides a holistic approach to the specific aspects of running a business. Our dedicated business management staff provide a complete package including all of the practical services required to run a profitable, high-quality business that exceeds customer expectations.
We provide tailor made solutions for whatever business you’re in.
Behind every great practice, is a great business model. Set yourself apart from the competition by providing the best service, using the best systems.
New Business Establishment
Nitschke Nancarrow can assist and manage all of the administrative aspects associated with starting up your new business. We implement strategic policy solutions, staff recruitment and staff training systems. We take the stress out of the financial implications that come with a new business start-up, so that your finances take off on the right foot. This frees you up to focus on providing a service to your new customers, and aquiring new customers.
Once a business plan has been implemented, it is time to complete short term goals. This is done through bench marking against industry leaders to see where your business stacks up in specific areas, and what can be done to achieve similar results. Comparisons to world class industry leaders using critical analysis of budgets, costings, product value and more, allows us to fast track the performance potential by scaling up your strengths and improving weaknesses.
Nitschke Nancarrow service all established small to medium business, on an on-call basis, or for on-going business management support. Our team provide on-site and remote assistance to address any issues or challenges that may arise in the daily running of your company. By providing continual support that compliments our more formal monthly and quarterly reviews we work together to improve workplace productivity, staff satisfaction and workflow solutions.
We use insights and the latest software to measure staff productivity, efficiency and performance. We then carefully review the data and provide advice and recommendations to develop new strategies to improve team performance, often through optimising processes and systems within the business.
Quarterly Performance Review
We maintain a 24/7 support service for all businesses that we work with, and this is manifested into a quarterly assessment of your business’ KPI (Key Performance Indicators). It is important to set these KPI’s and to continuously monitor them to keep your business moving forward. All staff should be aware of their expectations in the workplace, so that productivity and job satisfaction are high, which provides a better service for all staff and customers.
The biggest challenge that most small business owners face is an inability to reconcile bank statements efficiently and record all transactions. We use the latest digital software technology to streamline this process, so that your financial records are securely and automatically updated.
Developing a Strategic Plan for your Business The roadmap to your success
When running any business, it can be a little daunting to stay on top of all of the projects that may be underway at any one time. This is especially true in small to medium businesses, where staff are often overworked or overwhelmed. Our range of easy-to-use templates will keep everyone in your practice up to date with, and on top of the latest developments, allowing you to reach your goals more effectively and improve communication across the business.
Step 1: Strategic Planning Blueprint (2-5 Year Plan)
This tool outlines a comprehensive plan of where you want your practice to be in the next 5 years, and the steps that need to be taken to get there. This tool inspires high level goal-setting and these goals are reached by following up on ideas using the operating plan in step 2.
Step 2: Operating Plan (12 month)
Using content from the Strategic Planning template above, we can specify on what needs to be done in the next 12 years to ensure that goals are met to grow your practice at an exponential rate. This usually involves 3-4 major projects to be completed over the year. We harness this data to be used in monthly and annual budgeting programs.
Step 3: Dashboard (Monthly Monitoring)
Using the operating plan as the template, this is a monthly report that is used to identify whether the practice is hitting pre-defined budgeting targets.
Step 4: Meeting Agenda
This is a tool that holds all parties involved accountable for executing their weekly tasks and hitting their KPI’s . By assigning specific roles in the practice, and putting it in writing, employees are more likely to be successful in their roles.
Board Advisory & Business Mentoring
At Nitschke Nancarrow we know that every business is unique, so it makes sense that there is no ‘one size fits all’ solution to managing and growing your business. Nitschke Nancarrow’s expert business growth strategies ensure that the continuous improvement of your business is priority number one. We hold our responsibility to your business as highly as our own, and the key to our continued success in growing businesses is our commitment to you, and holding both parties accountable for pushing your brand. We have prepared the following list of essential agenda items to consider before we tailor your specific business agenda. Our strategies are proven effective, and work by identifying the top priority items for improvement, executing on them, and adding new items over time.
- – Business restructuring
- – Financial assessment & optimisation
- – Corporate governance guidance
- – Outsourcing solutions for administration, back office & marketing.
- – Budgeting and economic forecasting
- – Management reporting, KPI and benchmarking
- – Salary packaging and executive remuneration
- – KPI development, analysis and reporting
- – Business improvement strategies
- – Valuations
- – Risk management
- – Exit strategies and succession planning
- – Cash flow forecasting and monitoring
- – Competition analysis
- – Industry benchmarking
- – Strategic banking and funding solutions
- – Commercial project management
- – Periodic budget reporting and analysis