Vibrant Accountancy, Accountants in Derby

Business Coaching

Financial Awareness Coaching

The better you understand your business, the easier it will be to make more money and improve cashflow.

Management decisions rely on a sound understanding of the financial drivers in your business.  Financial awareness coaching is a great starting point for you to gain confidence to successfully lead and manage your company.

This service enables business owners to fully understand and interpret their numbers, gaining a strong foundation on which to manage their cashflow and grow their business. 

One of the Vibrant team will be your coach and every two months, we’ll meet to discuss and review your financial results, and we’ll show you how to produce and interpret your own customised financial reports on a monthly basis.

The focus of each meeting will depend on your needs, objectives and business direction.

Financial awareness coaching means you’ll:

  • 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 to your commitments so that you can be pushed to make progress

Financial awareness coaching will help you to understand your key financial reports so that you can:

  • Ensure accuracy going forward
  • Create reports in a clear format to help with decision making
  • Make informed decisions with better understanding of the financial implications
  • Manage and monitor your cashflow effectively, as well as your debtors and creditors
  • Begin to understand other information you may need to capture monthly

Financial awareness coaching will develop your knowledge and skills to identify big issues and address them effectively. We’ll also help you identify areas where you could save time on admin tasks that can easily be automated or delegated.

Your coach will hold you accountable by reviewing your monthly reports before each meeting. This accountability will positively impact the way you manage your business and teams’ performance.

Financial awareness coaching is an important investment for you personally – and for your business too.

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