12. Not planning for succession Companies should prepare for ownership transition at least 5 years in advance. Think about it from the moment you set-up your business. It’s not an afterthought.
Integrate your Business Management Systems 1. Increase your productivity What are the keys to productivity? Effective forecasting, planning, implementation and monitoring of projects and resources combined with a timely means of reporting. Get more done with less effort!!!
Utilizing an integrated business management system enables businesses to: •
Centralize revenue, resource and cash flow information and compare this to budget and forecasts and initiate the appropriate corrective action.
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M anage the flow of information from prospect to submission to project and client.
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M aintain critical data in a central location and extend the information flow from the accounting department, through to senior management and project managers.
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G ain immediate enterprise-wide access to accurate, timely information thereby expanding the knowledge base and make it actionable.
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F acilitate remote work stations via the web.
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R eport whenever and wherever on financial and project information and metrics earlier.
