Business Viability Reviews
A business viability review entails attending the premises of a business and in conjunction with the proprietors of the business, assessing the present financial position of the business and its short to medium term viability by reference to profit & loss and cash flow forecasts which may be prepared upon several different scenarios. The review is carried out objectively by an independent person. We have found from experience that proprietors often find the process useful for it gives them the opportunity to:
- consider what needs to be done in the immediate short term to maximise survival prospects.
- review and discuss their strategies for the future.
- consider suggestions to amend or vary those strategies to enhance viability.
- review management /personnel issues and succession plans.