Unlocking Your Business Potential
The Struggle of a Business Owner
Have you ever felt stuck in a business plateau, unable to break through? Are you tired of putting in effort without reaping the rewards you deserve? Do you find yourself losing sleep over cashflow concerns, or do your loved ones worry about your work-life balance? These are all too common worries, and we understand. At Old Mill, we are here to help.
We know that being a business owner can be a lonely journey with a steep learning curve. We also recognise that you didn’t start your business to be constantly burdened by financial worries. Most likely, you pursued your passion and expertise to create a better life for yourself and your family. Remember, you are not alone.
Many of our clients have faced similar challenges, and through regular interaction with us, we have helped them achieve their goals. Whether it’s spending more quality time with family, attaining financial freedom, or pursuing a different dream altogether, everyone has aspirations. We have carefully considered these common hurdles and are ready to offer an affordable solution that provides support and accountability for your actions.
Introducing our Success Programme
We’ve identified a crucial gap in your business journey – the absence of a dedicated finance team. To address this, we have created our Success Programme, which goes beyond producing year-end financial accounts and tax returns. This programme offers you the opportunity to engage in discussions about your goals, business challenges, performance to date, and any other topics you wish to explore. Through this regular contact, you will be able to set actionable steps to realise your ambitions.
A Tailored Approach for your Success
The structure of our programme can be tailored to your specific needs, but its key component is a monthly one-on-one meeting with an adviser. During these sessions, they will help you review meaningful management account information, develop a budget for the upcoming 12 months, and provide guidance on interpreting your actual results on a monthly or quarterly basis. Additionally, they will assist you in dissecting the obstacles you face and draw upon their extensive knowledge of successful practices across various businesses to support your improvement journey. Our Success Programme aims not to dictate how you run your business but to offer a trusted resource for bouncing ideas and ensuring accountability for your actions.
The Power of Mentoring
According to Forbes Magazine, mentoring plays a crucial role in business success, with 71% of Fortune 500 companies implementing mentoring programs. Research by PushFar reinforces this, revealing that businesses with mentors are twice as likely to survive beyond five years, and 92% of small business owners with mentors credit their growth and survival directly to this guidance.
Real-Life Success Story
One of our early adopters of this programme is a company specialising in windows, doors, and conservatories. They were grappling with cashflow issues and frustrated by stagnant growth. Through regular one-on-one meetings with us, we were able to recommend new processes that significantly reduced their customers’ payment times, thereby resolving their cashflow concerns. Furthermore, we have begun assisting them in optimising their business systems leading to improved financial data, better management decisions, and overall operational efficiencies. These efficiencies will be the catalyst for their future growth. Our collaborative and tailored service has proven immensely successful, and the business owners are well on their way to achieving their long-term personal goals.
Benchmarking
As part of this program, we will show you how you compare with others in your industry. We use our deep understanding of sector specialisms and anonymised data to rank your key company metrics. This will highlight areas where you are behind your peers, and hopefully areas where you are an industry leader. Such information is crucial in allowing us to identify areas for you to focus on.
Take the Next Step Towards Success
If you are eager to propel your company to new heights, enabling you to enjoy greater returns and a more fulfilling lifestyle, reach out to your adviser today. They will connect you with a local expert from our Success Programme.
‘The