Board Services
Board Services are a monthly meeting to provide guidance on your regular business activities. For public companies, a board connotes oversight but adds value to the executive team through a combination of disciplined focus on the business and additional insights. Private companies do not desire oversight and therefore do not have boards. However, the value of a board’s disciplines and counsel is then lost. Cathedral offers a way to provide value for the enterprise without providing oversight. We offer an outside perspective that helps to identify problems that internal management may not see.
Each month Cathedral will reflect with you on operating results and anticipate upcoming business concerns through financial statement analysis. In addition to examining current marketing strategies and prospective revenue sources, Cathedral offers advice on current and long-term business issues via a monthly topic pertinent to the business cycle. Topics include:
- Marketing Strategy: Cathedral examines how to most effectively develop a strategy for customer acquisition through competition and pricing, internal marketing, marketing to your existing customer base, and utilization of the internet.
- Taxation: Cathedral examines the tax implications of your business structure, providing tax tips and the importance of a separate account for tax withholdings.
- Financial Statements: Cathedral instructs how to properly use financial statements and accounting software to determine the true profitability of the company.
- Product Mix: A thorough review of products and services provided by your enterprise as well as their profitability and potential customer needs the company has yet to address.
- Compensation Planning: Cathedral demonstrates processes and effectiveness to capitalize performance reviews and compensation planning. This topic includes compensation adjustments and how to review the value of the position appropriate to your company.
- Cash Flow Management: Cathedral will demonstrate the best use of your cash will be for each individual business while addressing the need to manage cash flow for the best of the business.
- Systems Review: How to most effectively review and management technology, internal controls, financial and management systems in order to make the business run smoothly and efficiently.
- Strategy Review: A three to five year look forward provides a steady vision against which the business is being operated.
- Year End Maxmization: As you enter the last quarter of the year, Cathedral assists enterprises on how to maximize customer opportunities and effectively prepare for the holidays with a review of year-end expenses.
- Budget Planning: Utilizing an efficient budgeting method for small companies, Cathedral walks participants through the process of establishing your own budget based on revenues, expenses, net income, and cash flow.
- Year End Wrap Up: Ending the year strong, Cathedral works with companies to finalize budgets with a focus on year-end tax planning, file clean-up, HR reviews, and customer reviews.
Contact Cathedral Consulting Group, LLC to schedule a Board Services meeting today.
