At NDM, we understand that running a business can be a lonely place. But whether you are looking to grow, develop or sell your business, NDM will give impartial advice and support.
Having a clear vision of what the business does and where it is going is the bedrock of a successful plan. Reducing this vision to writing helps focus the mind and when reviewed keeps a business on track.
A fundamental part of any plan is forecasting sales, costs and profit and how they impact on cash. Understanding how much working capital needed to run a business is key to success. NDM can help in creating the forecast, analysing the results and helping to ensure good levels of working capital exist.
It is often true that management teams and owners in small and medium size companies spend more time doing than planning. Having a clear strategy as to how to achieve the plan needs creating and then challenging. NDM have experience in many business sectors and can support management teams in developing and maintaining a successful strategy.
Sometimes a business needs more than just words. The NDM team can then either work alongside the management team in a specific role, or find them a suitable employee on a longer term basis. Projects like new IT systems, moving premises or acquiring a new business can drain resource from the regular mainstream activities to the detriment of results. At NDM we have experience of project management in all three areas, plus more, and can provide that specialist, fixed cost resource.
Experienced non-executive directors compliment the management team ensuring they stay focused on the plan and strategy. They are useful for bouncing ideas off and create a more outward looking approach.
One of the first signs that something is wrong is that the cash runs out. An early intervention is key if the business is to avoid going into a formal insolvency process. NDM have the experience to help management teams in this situation without the stigma of insolvency. We can also introduce new sources of funding.