Delegated Business Strategies

Dear Accountant,

Step 13 developing the business plan

In my last post I outlined how line managers develop their performance through management accounting reviews.
 
It’s now time to introduce reporting on their business plan progress to ensure that the practice keeps building.  This matters because management accounts report only on what’s already happened and the trends, but not future direction.
 
Business plan reporting makes sure the agreed strategies are being implemented that will raise long term business performance levels to achieve serious owner wealth. Every Line Manager presents their progress so the CEO can assess whether the actions needed are happening.

In my next post I’ll show how KPI reporting keeps the CEO abreast of current whole business performance to give early warning of trends.   

With kind regards from

Duncan

Founder

This third series of posts reveals the steps needed to progressively evolve a practice into a business advisory business by learning to ‘take its own medicine’ first.
See the overview here https://www.runagood.com/consultancy and if you wish to jump ahead to see what’s coming, ask here or to see what’s already been posted here.

Duncan Collins founded Runagood® to make practical solutions affordable for owner managers via accountancy practices, profitably, by pioneering AI. He has automated the 000’s of consultancy techniques he learned the hard way during 60 years of running, helping, buying, selling one million businesses large and small. Ask him anything, anytime for free at duncan@runagood.com.

The ‘Runagood® Business Pathway’ takes any client from start up to exit solving their every ambition and problem along the way.
…via a National Accountant Network.