Manage Your Business Initiative (MYBI): A Paradigm Shift To Sustainability

Manage Your Business InitiativeA Paradigm Shift to Sustainability`

Presented by: Van Eco Consulting [email protected] - @VanEcoMovement

Copyright @2015 VanEco Consulting LLC. All Rights Reserved

Welcome to an Overview of the Manage Your Business Initiative. A Paradigm Shift to Sustainability. Presented by VanEco Consulting LLC. 1

About


Let me introduce myself. I am Rita Anderson and I am the Owner and Managing Partner for VanEco Consulting LLC. I have over 25 years of experience in accounting, financial management and business operations. My background includes leadership in fortune 500 companies to consulting for small businesses and independent professionals. I have advised in Executive Suites to Kitchen Tables. Each has more in common then one could image and what I know to be true no manner how successful or how large if there is not a clearly defined economic infrastructure the operation will suffer or even demise.2

VanEcos Definition of Small BusinessA business operation with less than 100 employees and annual gross revenues of 50 million or less. A Small Business is a functional operation which is past the hobby stage and provides value to its clients, consumers and stakeholders. The commitment of the operation should be one, if not all of the following:Solves a Problem Meets a NeedProvides SatisfactionAdds Significant ValueThe delivery can be in the form of a service, product, leisure or entertainment. The return is in the form of funds, time, or goodwill.


To Create a vantage point and target. Read as is.Footnote, this is not standard definition but basis for VanEco 3

Common and UncommonSmall Businesses

CommonMom and Pop StoresRetail OutletsManufacturers/WholesalersFranchiseesLandscapersChild Care CentersBeauty Salons/Barber ShopsBusiness Services

UncommonNon-Profits/ChurchesDoctorsLawyersRealtorsInvestorsConsultantsProfessional AthletesEntertainers/Musicians/Artists/Writers


Take a look at his list, I want to add business may look like business but do not operation and/or function like a business. This is why they Struggle.For example non-profits or churches who focus is the greater good, which is great but there is a administrative side that must be maintained in order for the operation to continue doing good deeds and expand there reach which is business management. Take the independent professional who is the product or service mindset is employee but a paradigm shift is required to business owner.4

Signs of DistressThe Vision is Unclear and has been Interpreted Incorrectly Down the PipelineDissension among Leadership, a Clash of the Titans (High Risk)Cash Flow Disparity (money is coming in, but where is it going)Vague and Untimely CommunicationLack of Internal Controls (High Risk)Team is Disengaged (High Risk)Complaints and Concerns from Customers, Vendors and Key StakeholdersTime Consuming Work Flow (Manual Processes)Tax and Compliance IssuesOutdated Information SystemsFinancial Management System does not produce useable data or accurate facts (High Risk)Commingled Personal and Business ResourcesFinancial Condition of the business is based on the Bank BalanceReputation is Below AverageIn general, Overwhelmed


The American Dream is alive and well and the Small Business Community is thriving, but there are struggles. Most businesses focus and invest on sales, marketing, landing the big deal, getting the next clients. Which they should, I agree the success hinges on business development and getting the money in the door. The flip side is once the funds are in the door what happens, scary reality most small business can not properly assess their financial health from one day to the next, lack understanding of key indicators of financial success or financial distress. Small Businesses are Not Managed Properly!! The purpose of this presentation to shed light on small businesses struggles to survive and to provide viable solution. Presentation is primary purpose is to create awareness of signs of distress and provide solutions to combat 5

Well Oiled MachineA Business Operation should function like a well oiled machine in order to deliver value, minimize risk, create opportunity, build wealth, increase profitability and sustain(survive). How is this accomplish?Visionary Leadership with PurposeStrategic Management of ResourcesSolid Financial Management SystemGood Fraud Prevention ProgramA Value Added Philosophy


Copyright @2015 VanEco Consulting LLC. All Rights ReservedPhoto by: www.unsigned.com Well Oiled Machine

A common catchy phrase, but rings so true. How can you get your business to run like a well oiled machine. 6

Visionary Leadership with Purpose

Leaders have to step into their own, perform an honest self-assessment and forge on substance. A Visionary Leaders actions should be deliberate, focused, relentless, clear, unselfish and smart.The most important step. the vision must be articulated in a manner understandable to all stakeholders and comes with an executable plan.Copyright @2015 VanEco Consulting LLC. All Rights ReservedPhoto by: www.prospectivemanagement.net

The bottom line.the success and sustainability of the business hinges on the leader. No excuses and No transfer of liability. The misconceptions on what a Leaders primary roles is to serve. Educate, Enlighten and Empower others.7

Strategic Managementof Resources

A Matrix of people, places and tools which create harmony for the business.

Translate the vison into a viable planIdentify business needs and viable resources to meet the needsStrategically address the needs through the resourcesStrategically implement policies and procedures in a timely mannerRevisit, Review and Reinvent as Required to Monitor, Control and Grow the Business Copyright @2015 VanEco Consulting LLC. All Rights Reserved

Photo;: trategic_management1 from www.patrickalain.com

Identify viable resources, coordinate the application of the benefits and effectively maximize resources

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A Financial Management System: Before the CollapseWith a Solid FMSAllows for Quick Resolution to issuesProvides Analysis and Reporting for decision makingTracks the financial health and growth of the businessIdentifies OpportunitiesControls Expenses Ensures Compliances

Without a Solid FMSUnreliable Financial DataUnable to Track Cash FlowLate Vendor PaymentsUnable to Reserve/Project Tax ObligationsMonthly Financial Review does not existFinancially Unable to take Advantage of Viable Opportunities


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At Risk: Mismanagement or FraudFraud management 101A commitment to protect your business from that which seeks to devalue and/or destroyNot a trust issue but an accountability issueThe leader(s) is ultimately responsible for the success or failure of a businessProtect your business!!!Copyright @2015 VanEco Consulting LLC. All Rights Reserved

The Value PrincipleInternalWorkforce/ConsultantsData Management and ReportingInformation TechnologyBest Practices/Internal ControlsVendor RelationshipsExternalKnow your CustomerQuality of Product and ServiceConcise CommunicationsCompetition ReconReputation/GoodwillCopyright @2015 VanEco Consulting LLC. All Rights ReservedThe Value Principle is two-fold (external and internal), the methodology is based on placing a value on effectiveness and efficiency through services and products offered or received

In Summary

Our you distressed? Do you find the numbers are not adding up? Are you uncertain about the financial health of your business? Do you lack control of the day to day operations? In general are you, Overwhelmed? If so, then you need an economic infrastructure which will allow you resolve lingering issue, maintain control over your business operation and position the business for growth while protecting assets. This is a CALL TO ACTION.Join the Manage Your Business Initiative a program designed specifically for your business.Copyright @2015 VanEco Consulting LLC. All Rights Reserved

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Copyright @2015 VanEco Consulting LLC. All Rights ReservedMYBI is a time-sensitive program specifically tailored to create a paradigm shift on how to resolve issues, maintain control, promote growth and protect assets.

Includes: 1. Business Package with Implementation Plan and Measurable Metrics*2. 24/7 Email Access 24 Hour Response Time*3. Virtual Business Consultations* (two or four - 30 minute sessions)4. Access to a Network of Resources for Best Practice Solutions*5. No Hassle Money Back Guarantee

For Additional Information contact Rita Anderson at [email protected] Join the MYBI, Click Here or Go To: http://www.vanecoconsulting.com/#!join-the-mybi/c1niz

*Restrictions and Guidelines Apply

Manage Your Business Initiative (MYBI)