Winston Churchill once said, "He who fails to plan is planning to fail." We completely agree and that’s why we believe that EVERY company needs a budget. Every year we will build a budget with a bottom up approach then tweak it for proper goal setting so it’s realistically obtainable. The budget will encompass very minuet details of your business that build upon each other to deliver to us accurate estimates of Revenue, Costs of Goods Sold, Expenses and Net Income. A great budget becomes a map we use to help us annually navigate our decision making for success.

In order to fully understand your business, we'll first need to build a model of your business into a series of excel spreadsheets. Once built, we'll be able to run "what if" scenarios to see how changing any one facet of your business effects your income statement. The modeling exercise helps both the HQ Pro and the business's owner understand how their business works from a financial & operational efficiency perspective. Elements from the modeling process help build that business's budget.

Ever wonder how your business has been doing this month vs. a few months ago producing certain product or service output, collecting receivables, average days your products are held in inventory before shipping, new customers added, widgets sold, etc.? Key Performance Indicators (KPIs) are major drivers within your business that when measured properly give us an accurate read of the pulse and performance of your business. We also use KPIs in our Budgeting plans to give the business a monthly or annual goal to keep their focus on track for achieving their expected level of success.

"Fun"ancial Analysis as we like to refer to it is truly the service we enjoy the most as HQ Pros. Here we feel we can assist the business owner the greatest by delivering to them such information as how the company is performing, where it is trending in various areas of the business, potential risks that could be around the corner, and if we’re closing in on achieving our goals. Rock solid analysis greatly assists a company’s decision making and thus its top and bottom lines.

The term "actual vs. plan" is very telling of how well a business is performing in real life vs. the budget plan that was set out to not only achieve but surpass. Every month we'll include an Actual vs. Plan calculation for every line item in the Income Statement and provide commentary including statistics, potential red flags and suggestions for improvement. Variance Analysis is a key tool to help keep the business accountable for achieving its budgetary goals.

Business credit and personal credit is similar in ways, but two completely separate entities. Your HQ Pro will work with you to start building a strong Paydex Score and eventually the ability to be extended business credit lines with favorable terms.

Cash is King! Cash Management is a daily activity. Your HQ Pro will monitor your cash account balances, accounts receivable & accounts payable and keep your business up to date with suggestions to keep the business not only liquid, but cash rich and financially healthy. Our Wealth Management Department offers technology for all participants that allows for our member clients to simultaneously view all their On-Line Banking Checking, Savings, Money Market, Insurance, Investments, Retirement, etc. etc. etc. account balances with analysis on the same web page. How's that for staying 100% on the ball!