The AV Business Dilemma
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The AV Business Dilemma Know where your business is headed Frank Coker, MBA, CMC CEO CoreConnex, Inc. www.coreconnex.com [email protected] 425-454-5006
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Presentation on several of the unique q
Transcript of The AV Business Dilemma
The AV Business DilemmaKnow where your business is headed
Frank Coker, MBA, CMCCEOCoreConnex, [email protected]
The AV Business Dilemma
We’re too busy to know how our business is performing!
If only I had an easy way to set financial goals and track performance. Then I could fine-tune my business.
Where is your business headed?
• To see status:– Income Statement (P&L)– Balance Sheet– Sales reports– Bar charts, pie charts, etc.
• To see direction:– Trend lines– Forecast lines– Growth rates– Ratio rate lines
Line-of-Business Analysis?Combined
T&M LOB Product LOB
Service LOB
You can’t fix it if you can’t see it
• Financial Dashboard• Updates Monthly from Your Accounting System
– QuickBooks (automated)– MYOB (Australia, New Zealand - automated)– Other Accounting Systems (file import)
• Predictive Analytics• Industry Benchmarks• Group Analytics• Better Intelligence, Better Business, Faster
What is Corelytics?
• Visualize business finances• Meaningful business planning • Set & track goals• Monitor the bottom line – and key metrics• Drill into detail – profitability by line of business• Compare to top performers• Compare to same business model• Forecast performance• Communicate internal priorities
Why Corelytics?
Even with a “messed up” chart of accounts!
AV 7 Lines of Business1. Integration
2. Service
3. Consulting
4. Product Sales
5. Staging
6. Rental
7. Other
8. IT Service
9. IT Product Sales
Monthly Management Process: 30 Minute Action Plan
