CASE STUDY: What would you do with £8,791?

Yes. If I gave you £8,791 today, what difference would that make? Take a moment and think about it.

I ask that because that is how much we saved our clients by recommending an alternative way of doing things in their business.

Financing the purchase of new equipment in their business.

We have recently been approached by one of our clients who spotted an opportunity to create a new revenue stream in their business. It requires an investment in new equipment and they wanted to know the best way of deciding what equipment to buy and how to finance this new equipment.

When we heard the dilemma, we immediately recommended our business planning and cash flow forecasting service which helps to model the business on paper, identify the short-term and the long-term goals and measure the cash flows over the next 12 months to see if the proposition was viable.

Our client had already received a financing offer from a company that sells specialised equipment with options to pay over three or five years.

Our client is guaranteed that customers will place orders because of their extensive experience and connections in the industry. There is a huge demand for the services that this business offers, however, the initial cost of getting the business set up is very high – the money running into tens of thousands of pounds.

This was a big decision and our client did not want to get it wrong. Making mistakes would be very costly.

We worked with our client over several months to create a business plan and cashflow forecast and made a number of possible scenarios. This identified that the critical number was £8,791. This was the opportunity cost of buying the equipment between the two best available options.

That was an eye-opener for our client exclaimed, “That's a lot of money it's like buying the air compressor and the tooling for free. Your help is definitely the kind of thing I was expecting from you. That helps me to take this easy or see how I will do things. It is really helpful.”

Yes , it is!

He had all the information required to make the decision he needed to make and he was a happy customer.

During our calls, he kept saying it was all very valuable, so I asked him what specifically he had found valuable in business planning and cashflow forecasting. What things have specifically helped you?

Here is what he said:

1.   “Your help is definitely the kind of thing I was expecting from you. That helps me to take this easy or see how I will do things. It is really helpful.

2.   From the very basic but very important also seems to put things in order on in mind

3.   You also give me some advice that I wouldn't even know that I need

4.   Apart from that it was keeping the stress minimal because you know it's a lot of money, ALL the money have and I don't want to do anything stupid.

5.   I know what to do in order and the best way to do the whole process

6.   I know what I need to do to produce the goods for my customers but when it comes to money I am not so good. You are helping me to make money from it.

7.   I like that you are very professional when you say something that you are going to do something, you do it always, and you do it for everything. I like that a lot."

So, there you have it, feedback from our latest Business Plan and Cashflow Forecasting client Whom we helped to identify potential savings of £8,791 in the cost of buying new equipment."

If you are worried about your cashflow – contact us for a FREE meeting to discuss your concerns.