Step-by-step plan business back in shape

Your business is going through a temporary dip. You feel the financial consequences, but you still see possibilities. These steps will help you get your business back in shape.

The steps, an overview

Step 1: Make a SWOT analysis

Determine the strengths, weaknesses, opportunities and threats for your business with a SWOT analysis. Follow 5 simple steps to get started right away. Also, see if your finances are in order and what you can improve.

Go to step 1

Step 2: Improve your cash flow and cut costs

Can you expect a profit or loss in the coming years? You can find out by making an operating budget. This will show whether you have enough money to pay your bills. Take measures to improve your cash flow and see how you can save money and cut costs.

Go to step 2

Step 3: What else you can do

Maybe you prefer dealing with the day-to-day running of your business. For example, working on your products or services. But sometimes it is smart to pay attention to other things as well, like marketing. Find out how to expand your customer base and what marketing can do for you. Also, check whether you are still charging the right price for your product or service.

Go to step 3

Step 4: Consider financing

Financing can help you get your business back into better financial shape. There are several options to choose from. In this step, discover what best suits your business and your needs.

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Step 5: Ask for help

Your business was running well, but now times are tougher. It is good to know that you are not alone. You may already be getting help from people around you. Did you know that there are also several professionals available to give you tailored advice? Find out where to take your questions.

Go to step 5

Customised advice from the KVK Advice team

Call the experienced advisors of the KVK Advice team. They will help you think about the next steps to get you through the low point in turnover. For example, they will give you savings tips and advice on forms of financing, schemes and subsidies. Call 088 585 22 22.