In many cases, the daily pressure of running the business for the owners means that strategic planning is not given the attention it needs. O'Connell Meskill & Company provides a range of services which can improve the success of your business and maximise its resources.
Business Advisory Services
Your Business plan should be a living roadmap to success, not just a onetime document. Its aim is to assist you in thinking about all of the elements involved in your operations, support the raising of funds, communicate internally and externally, measure progress and steer your business.
At O'Connell Meskill & Company, we have many years experience in creating dynamic and effective business plans which clients use and refer to throughout the life of their business activities. Contact us to discuss the creation of a plan for your business.
Regular Management Accounts are vital in controlling any business, as they provide the owners with up to date information on the performance of the operation. The Management Accounts may influence a significant decision, so it is imperative that these figures are both timely and reliable. O'Connell Meskill & Company has extensive experience in preparing Management Accounts, either on the clients own systems or using our own. These can be prepared monthly, quarterly or at intervals which suit your needs, and discussed with you to monitor the results and identify key issues for your business, as they arise.
Profit & Cashflow Forecasts are important tools for business owners to plan and understand how their business operates. They are also increasingly requested by banks and other financers to give an overview on the company's position. O'Connell Meskill & Company can assist you in preparing these documents and in getting inside your business to fully understand how the flow of cash operates. We can also make recommendations to improve your cashflow and profitability, based on our activities.
O'Connell Meskill & Company can complete a full review of operations at every level of your business. We will then provide you with a comprehensive report which details our recommendations on how improvements can be made and also highlighting the areas which are performing well. It will also uncover areas within the business which are a drain on resources and need to be changed or discontinued. Using this information will allow you to concentrate management efforts and improve overall profitability.
There are many pitfalls involved in a Business Start-Up - taxation, company filing, appointment of directors, opening of bank accounts and VAT can all be issues which need to be considered and completed correctly at the start. O'Connell Meskill & Company can assist you at the early stages in order to maximise the potential benefits available to you, either through a company, sole trader or partnership. For example, there may be a need to register for VAT before entering into any business transactions.
By planning well in advance, we can assist you to avoid these pitfalls and make a successful start in business.
O'Connell Meskill & Company have many years experience in assisting clients prepare their documentation for banks and lenders, when seeking finance. We can put together a professional proposal for you, based on the information provided. We will also include all of the relevant information which a bank will request in making a loan decision, to improve your likelihood of success. The secret is to be well prepared in advance of any bank meetings, and O'Connell Meskill & Company can assist you with this.
Many clients decide to change to a computerised accounts package or move from a manual payroll system to a payroll package. There are many software packages available and each will suits different requirements and size of operations. O'Connell Meskill & Company can assess your needs and advise on the most suitable and cost effective software solution for your business.
We can also set this up for you and provide training for your staff in operating the system, should you require it. We can also offer on-going reviews of your new system to ensure it is running efficiently.