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We can fill all those functions, giving your business one comprehensive, cost-effective, long-term solution for your small business operations. Here are several of the services we provide:. Expense and Accounts Payable Management At Supporting Strategies, as part of our small business operations services, we will keep your books in order.
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When you receive a bill, Supporting Strategies will process it. And what about your independent contractors? Revenue Recognition, Customer Invoicing, and Accounts Receivable A key part of your business is receiving timely payment for your products and services. Supporting Strategies can help you with customer invoicing, as well as with streamlining your collections processes to ensure for strong cash flow.
Bookkeeping and Month-End Close A key to a successful business is to keep track of the numbers to see what parts of the business are working and what needs improvement. To ensure your financial information is accurate, Supporting Strategies will perform a monthly closing process to make sure everything is accounted for and will post month-end adjusting entries.
Payroll and Human Resource Administration As part of our small business operations, Supporting Strategies serves as your payroll administrator. We take care of paying your employees, including those on salary as well as those paid by the hour, and can also manage and process sales commissions and bonuses.
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Franchise Opportunities. This will be your inventory. The amount should be consistent with how many employees you have and the budget for operating expenses.
What is Business Operations?
It should also take into account potential employee sick days, equipment breakdowns and other issues that can plague a startup. This amount should be easily attainable--there is no problem with undershooting your estimate here. Factor in how many units are forecasted to be sold every month.
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This is a more nebulous area and should be underestimated for safety. Every month should ideally show a small increase in sales. The forecasted units sold should be less than the amount of units you can easily produce with your current workforce.
The #1 priority is simple
Plan for growth within your operation. In six months time, using your forecasted supply numbers, you need to see if you will be able to meet the demand without hardship.
If the answer is no, then you will need to put plans in place to either purchase more equipment or hire more employees before reaching that milestone. Budget for problems.paradigmpartners.com.au/includes/gilchrist/vimax-no1-male-enhancement-pill.php
How to Start a Sales Operations Department
While it would be nice if every business ran smoothly, that rarely happens in the real world. People get sick, machines break down, parts can be scarce. Having an emergency fund to draw upon will help backup your sales and operation plan in the event that these problems do occur. Plan for the worst and hope for the best in this situation.