Strategic Planning
What is Strategic Planning?
A strategic plan is a living document that helps determine where you want to be, how you expect to get there and when you expect to get there. It essentially answers how and when. Many startup business struggle because they do not know how to write a strategic plan. MIBS understands the steps of a strategic plan and helps owners not just write them but also implement the steps to achieve success.
How to Write a Business Plan
Writing a business plan requires identifying who is involved, what the company offers and how they offer it. The business plan has a component of strategy but also contains tactical detail. Different industries requires require specific documents such as a restaurant business plan or business continuity planning. MIBS helps business owners write effective business plans that set a path to financial freedom.
Starting and Selling a Small Business
Starting a Business
You are not alone if you have a great idea but do not know how to start a business. MIBS has nearly 20 years of working with entrepreneurs to know how to develop a startup business into a profitable company. Starting your own business can be risky with only 50% of all small businesses surviving three years. Working with MIBS to create your business dramatically improves your odds of success.
Selling a Business
To maximize the price of selling your business, you must understand what is an exit strategy and implement an exit plan months or years in advance. For ownership transitions that remain within the company, succession planning is crucial to ensure that the new ownership is prepared to successfully take control of the business. MIBS knows how to maximize company values and transition ownership responsibilities.
Staffing
Human Resources and Leadership
Building, developing and retaining the right team is essential to business success. This involves recruiting, interviewing, hiring, training, developing, evaluating and rewarding. Organizational development and management training help delegate authority and free up executives to be more strategic. MIBS understands the importance of leadership development and works with companies to implement great HR strategies.
Corporate Culture
Organizational health directly impacts organizational effectiveness. A hostile work environment is unproductive and generally unprofitable. Understanding the importance of business culture and investing in maintaining a positive work environment is something that MIBS specializes in. Our process starts with management training and ends with a culture of productivity and proactive employees.
Operational Efficiency
Operational Excellence
Workflow management and lean process improvement improve efficiency, morale and profitability. Business operations that have a solid foundation of set standard operating procedures allow for quicker onboarding of new employees and continual improvement. MIBS implements policies and procedures that outline expectations through concise employee manuals, organizational charts and business rules.
Process Improvement
Total quality management through process mapping allows businesses to see bottlenecks in their operations. MIBS helps companies focus on quality improvement through detailed task management. Our analysis of work flow and project management identify areas that need addressed to streamline processes. We also implement a culture of continuous improvement to maintain maximum efficiency.
Finance
CFO Services
With nearly 20 years of helping small businesses with their financing needs, MIBS understand the requirements of corporate finance. We offer CFO and financial controller services that provide prudent financial management. Our budgeting and expense control experience increase profitability. We analyze and implement financial controls that not just report the news, but make the necessary changes.