Frequently Asked Questions

1. How will your (free) Business Financial Health Check benefit me and my business?

As a business owner you will know when your finances are out of order and need attention. The problem is if you aren’t an accountant, you likely won’t know exactly what the problems are or how to fix them. Our Business Financial Health Check will help you to identify the financial strengths and weaknesses of your business.  Fast.  And it’s free.

2. How will Business Mentoring help me and my business?

Business Mentoring is often defined as a relationship between you, the business owner, and a mentor with business experience.  The mentor is someone you can trust, will listen to you, challenge you, guide you through difficult problems and help you make effective decisions.  Through 1-1 business mentoring, I would help you to identify ways to improve your business and motivate you to higher levels of performance.

3. What is ‘firefighting’?

You know when you keep trying to get those tasks done that you think are really important and yet things keep getting in the way – orders not delivered, staff not turning up, computers crashing, customers not paying on time etc.? Well that’s what we mean by firefighting – you are putting out so many ‘fires’ every day that you just can’t find the time to step back and plan or take the actions you need to sustain or grow your business.

4. Do you always need a Business Plan?

In my opinion, not every business needs a written business plan.  It can help when you are starting up a new business or a new sales expansion, as it helps you to focus the detail of sales, costs, profit and cash flow projections.  A well written business plan can also help secure funding or investment.

I have produced my own Top Tips on writing Business Plans and I will share those with you if you contact me through this site.

5. What is Business Planning?

Whilst business plans are not always essential, I strongly believe that every business should undertake regular business planning. This involves looking closely at key aspects of your business and making a written, forward plan that focuses on what you want to achieve in say the next 2-3 years. This is much less formal than a business plan and can take many shapes but the main focus is to keep it simple, then implement and track it.

6. My business challenges are more than just financial; can you help with that?

Most business issues have a financial impact of some sort. That said, we adopt a ‘holistic’ approach to your business, rather than just focusing narrowly on financial issues.  We probe and challenge to see what the real problems are, then work with you on a practical solution.

7. I am not based near you; can you help my business?

We have the ability to communicate with you at any distance – by phone, e-mail or online. We use Google Hangouts or Skype for distance ‘face to face’ meetings and we really make the most of these to make sure you get the help you need.

8. What is the cost of your services?

The first consultation is free and focuses on taking an overview of your business.  If we believe we can help you and your business, we will tailor a solution to meet your needs.  In most cases we will provide you with a fixed cost solution in writing before you commit to anything. No obligation. We also offer a full refund if our services do not meet your expectations.

9. I am just starting a business; how do I know if it is actually viable?

Time spent at the early stage of a business can be invaluable and avoid problems later on. We recommend that you consider having a good hard look at your business model i.e. what exactly you are offering, what it will cost, who will buy it, what they will pay etc., before you complete a full business plan. We can help you to establish your own business model that can then form the basis for your business plan if you do decide to go ahead.

10. How do I know that I am dealing with a professional firm?

Admor Business Solutions is owned and managed by Tony Haren who is a Member in Practice for CIMA, one of the largest Accounting bodies in the world.  CIMA operates a Code of Ethics and a regulated Continuing Professional Development programme that all members must adhere to.  Tony is also a member of the Institute of Banking and he has been working with businesses for over 30 years. You can also check out our testimonials to see what our customers say about us.