1300 731 118
It is common for businesses in survival mode to find themselves struggling to pay bills and accumulating large debts due to poor cash flow and finance management. Business owners are working long hours with little to no reward and the lack of money coming in to the business may result in the need to provide further funding through their personal finances.
When a business is operating in cruise mode, their profitability and consistent cash flow means they are no longer classified as a ‘start-up’, however they have hit a plateau and are showing limited signs of growth and progression. BIAS identifies this mode as a crucial phase, where if risks and challenges are not appropriately managed they can easily slip back into survival mode.
Businesses in growth mode are experiencing a growing success and rapid expansion. In this mode, there is a natural tendency for owners to focus their efforts on developing new business and increasing acquisition, which in turn can affect their ability to strategically manage their finances during a time of significant growth.
At BIAS, we effectively service our clients in accordance with their specific business needs. Depending on the mode a business is operating in, the advisory services and strategies they require will greatly differ. We categorise businesses into three main modes of survival, cruise and growth, ensuring we deliver the most valuable service relevant to the exact requirements of your business.
Most small to medium sized businesses will fall into either one of these three categories, whether it be survival, cruise or growth mode. We have an exceptional understanding of how a business operates at each of these modes and the specific characteristics they possess. This allows the team at BIAS to provide their expertise and skills to execute a highly effective action plan which will see your business flourish.
Want to know if BIAS is right for you - speak to a consultant on 1300 731 118