Vibrant Accountancy, Accountants in Derby

Business Coaching

Maximize Your Business Potential with Financial Awareness Coaching

Achieving success as a small business owner or entrepreneur requires a deep understanding of your company’s financial landscape. Financial awareness coaching is an essential tool that empowers business leaders to make informed decisions, drive business growth, and improve cash flow. By working with a business coach, you can unlock your leadership skills and gain valuable insights into your company’s financial drivers, ensuring your business thrives in a competitive market.

Why Financial Awareness Coaching Matters for Small Business Owners

Management decisions are heavily influenced by a sound understanding of the financial drivers in your business. Financial awareness coaching is an excellent starting point for small business owners and entrepreneurs who want to gain confidence in leading and managing their companies. This coaching program is designed to help you fully understand and interpret your financial numbers, providing a strong foundation for managing cash flow and fostering business growth.

Collaborate with Your Business Coach for Real Results

At Vibrant, we believe that successful businesses are built on strong partnerships. One of our experienced coaches will work closely with you, meeting every two months to discuss and review your financial results. During these coaching sessions, we will guide you through producing and interpreting customized financial reports on a monthly basis, ensuring that you have a clear understanding of your business’s financial health. The focus of each coaching session will depend on your unique needs, objectives, and business direction. By collaborating with your business coach, you can: Receive independent advice Gain knowledge of key accounting concepts Access the collective wisdom of our accountants, systems, products, and services Receive ongoing support to address issues between sessions Be held accountable for your commitments, pushing you to make progress

Developing Leadership Skills and Financial Understanding

Financial awareness coaching is designed to help you understand your key financial reports, enabling you to: Ensure accuracy going forward Create clear and informative reports for better decision-making Make informed decisions with a deeper understanding of the financial implications Effectively manage and monitor your cash flow, debtors, and creditors Determine what additional information you may need to capture monthly Through leadership coaching, you will develop the knowledge and skills needed to identify and address significant issues effectively. Our coaching program also helps you recognize areas where you can save time on administrative tasks that can be automated or delegated.

Accountability for Business Growth and Performance

Your coach will hold you accountable by reviewing your monthly reports before each meeting. This accountability ensures a positive impact on the way you manage your business and teams’ performance. Financial awareness coaching is an invaluable investment in both your personal development and the success of your business.

Take Control of Your Business’s Financial Future with Financial Awareness Coaching

If you’re ready to take your small business to new heights, consider financial awareness coaching as an essential part of your action plan. By working with a business coach, you can gain a deeper understanding of your company’s financial landscape, enabling you to make informed decisions, drive business growth, and improve cash flow. Get in touch with Vibrant today to learn how our coaching program can help you unlock your leadership potential and maximize your business’s success.

Quarterly Coaching

Are you keen to find new strategies to improve performance and overcome business challenges?

As a business owner, sometimes you might feel alone and unsupported. You might feel frustrated that you often spend little time working on your business because you’re trapped in the hamster wheel of the day-to-day.  Investing in a business coach might be exactly what you need.

Running your own business is hard work. The purpose of our quarterly coaching is to provide you with the accountability and support to keep you on target towards achieving the goals you’ve set inyour business plan. We’ll make sure your business plan is a living, working document and is the lens through which decisions are made. 

Our quarterly coaching service provides regular accountability and gives you the opportunity to discuss burning issues and upcoming events that are key to your business planning. We’ll help you review your results, clarify areas where you can improve, set 90 day goals and identify strategies to achieve them. 

Coaching isn’t just about increased accountability, profitability and cashflow. It’s about achieving the work outcomes you want in order to live the life that you want.  The quarterly coaching programme can also be used to guide you through major changes in your business, when you might need some extra support.

Quarterly coaching gives you a regular dedicated time to think about your business, enabling you to make better business decisions, utilising knowledge and support from your coach. 

How you’ll benefit from quarterly coaching:

  • Receive customised reporting templates to measure and review your actual performance against your forecasts
  • Gain deeper understanding of the key drivers of your business and what affects them
  • Learn how to identify and solve your burning issues
  • Utilise an expert sounding board to discuss ideas and their potential impact
  • Achieve alignment amongst directors
  • Get help with prioritising tasks and projects
  • Gain access to the collective wisdom of our accountants, systems, products and services
  • Ongoing support

Get in touch today – we’ll help you achieve your business goals.

Key Performance Indicator (KPI) Improvement Coaching

The better you understand your business, the easier it will be to increase your profits and free up cashflow.

We’ve developed this service to enable business owners to understand the key drivers or KPIs in their business.  We want you to know what success looks like for you, how to accurately measure that and then apply strategies and tactics to continue improving and driving growth.

First, we work together to establish the key drivers in your business. These may be financial, (e.g. gross profit margin) or non-financial (e.g. customer satisfaction ratings). Then, we’ll show you how to measure each KPI and set improvement targets. 

The number of KPIs you monitor should be limited to those that will make the most powerful difference to your business and should be aligned with your annual business plan.

We’ll coach you on a monthly basis to implement a tactical plan that covers the business processes and behavioural changes required to ensure your KPIs head in the right direction. 

Want to better understand how to drive increased profit, cashflow and ultimately, business value? Get in touch!

Benefits of our KPI improvement service:

  • Set sensible targets for improving three to five critical KPIs
  • Streamline and establish the processes that will improve your KPIs
  • Increase your efficiency and productivity
  • Clarify performance expectations with your team
  • Manage your team more effectively
  • Encouragement and accountability to achieve your goals
  • Work less in the business and more on it
  • Gain access to our collective wisdom, our systems, products and services
  • Gain better understanding of how your business operates
  • Increase your ability to make effective strategic decisions

It’s easy to put KPIs in your ‘too busy basket’ but investing a little time each week could pay big dividends, improving both your business performance and personal life.

Call us today to see how we can help you establish, measure and improve your KPIs.

Core Values Development

Core values are the essence of a company’s identity; they support the vision and shape the culture of an organisation.

Differences in approach, values and beliefs can disrupt and destabilise your team and culture, impacting the service you provide to your clients. Core values act as ‘decision-making filters’ for daily business operations. They align a team’s thinking and behaviour and help to build better working relationships.

Core values enable a business to differentiate itself from competitors.  They communicate what is important to you, your employees, and the company. They are also a primary recruitment tool and invaluable for both client and employee retention. It’s about getting the very best from your team and making sure that everyone (including you) loves coming to work.  When your team live and breathe your core values, your business goals are more likely to be realised. 

Core values must be developed from within to be authentic to your company and team.  Our effective core values development service allows us to act as a neutral facilitator and lead the process so that your outcome truly reflects your business.

During your core values development session, we’ll:

  • Discuss the benefits of core values
  • Brainstorm important values for the attendees
  • Prioritise and refine to decide on up to five final values
  • Develop a key definition for each core value
  • Plan how to implement and display them

Before the session, attendees will prepare by thinking about their values and vision – we’ll provide the prompts and questions to work through. We’ll then facilitate a three to four hour session to create up to five core values with definitions.  These will underpin the behaviour expectations within your organisation. You’ll also learn how to put your core values into practice and make sure they are central to how your team works.

If you don’t have core values that define expectations and behaviour within your business, let’s put that right!

Improvement and Efficiency Programmes

We’ll work with you to produce a plan of improvements and efficiencies that you can make in your business. These may be ways to make cost savings, maximising income, tweaking pricing, or streamlining processes.

Driving continuous improvements to increase that bottom line is useful for you as the business owner but also when the time comes to sell.

Vibrant Accountancy, Accountants in Derby