Omari Kamal

How Does P&G Work

September 23, 20245 min read
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Hello.

 

My name is Omari Kamal, and I am the founder and Lead Consultant for P&G Advisors.  Most business owners like yourself are constantly asking one very important question - How can my business become more profitable?

 

Well, unfortunately, most of these individuals don't know where to look to find the keys that will unlock their company’s great potential.

 

The answer though is simple.  These valuable keys are found within your own finance and accounting system.  Every business owner has learned that a correct and current accounting system is crucial for his business's profitability, no matter its size.

 

But how do you know if your financial system is working for you? Each system must be evaluated to determine if it is working effectively. The following questions will help you to assess if this is proving valuable to your business.

 

  • Are you getting accurate and timely information regularly? 

  • How are you using the accounting information that you're receiving to increase your profits?  

  • Do you meet regularly with your finance manager to discuss your current and future plans? Do they help you properly monitor or manage your cash flow?  

  • Does your accountant advise you on tax-saving strategies throughout the year?

  • Do you have a relationship with a financial institution that will provide you with a line of credit to help get through inevitable cash crunches?

 

A good financial system will give you accurate information. A great one will give you knowledge and wisdom which you can use to make informed decisions regarding your future growth.

 

Your accountant should also provide benchmarking which is comparing your business to others in your industry of equal size. This will allow you to see what your competitors have done and how you can learn from their experiences.

 

Now here's a riddle. What's the difference between tax planning and tax preparation? Tax preparation occurs after December 31st.  But tax planning happened before year-end. Your accountant should be able to advise you on how you can save money by lowering the required taxes you pay.  They should also provide accurate and complete tax preparation services to save you from penalties and late fees.

 

Here were a few questions that will allow you to analyze how your accountant’s services measure up:

 

  • Does your finance manager offer an easy way to receive and deliver your paperwork?

  • Have you ever paid late fees or penalties? 

  • Do you and your accountant financial manager plan for future growth? 

  • Do you currently have one year, and five-year goals written down and have you shared these with your accountant? 

  • Where are the current areas of weakness within your company and how have you decided to improve these? 

  • Do your customers receive current statements every month? 

  • Do you know your business’ current ratio? 

  • Do you know where your cash flow is going?  

  • Is your business ‘in the black’? 

  • Are you working in your business or on it?

 

Now here are some of the benefits of hiring us to handle all of your financial needs.

  • We will receive and deliver your financial records electronically and on a regular basis. 

  • We will provide monthly financial statements giving you peace of mind because you'll always know where your business currently stands. 

  • We will advise you on legitimate strategies that you can use throughout the year saving your money on your taxes. 

  • We will make sure your tax records are accurate and on time. You'll never pay penalties or late fees.  

  • We will help you monitor and manage your cash flow.  

  • We will show you the advantages of benchmarking allowing you to compare your business to that of your competitors, you'll be able to learn from their experiences. And know what’s working for them. 

  • We’ll show you how to use this information to make valuable decisions within your own business and will show you how your business compares to previous months and years allowing you to see what your strengths and weaknesses appear. 

  • We’ll help you create plans for improving the weak areas.  

  • We’ll show you how to make your money work for you and to increase your comfortable areas and decrease the costly ones.  

  • We can use your accounts payable and accounts receivable to your advantage.

  • We will also help you bill clients more accurately.

 

Now you may be thinking that all of these services must come with a huge price tag. Actually, we have a very affordable way to provide all of these valuable services for you and to help you build your business. You'll find that our services will greatly increase your monthly profit and prove invaluable over the short-term and in the long run.

 

Now here are several more compelling reasons why working with us will be beneficial to you. 

  • We're profit-oriented. Our primary emphasis is to assist you in becoming financially successful. 

  • We’ll search for techniques and strategies that will make your business more profitable. 

  • We're convenient. We can receive and deliver your paperwork electronically and we’ll meet with you at your place of business to review. 

  • We're accessible. You can call us anytime you need assistance because we're available to help you. 

  • We're affordable.  The fee we charge is nominal and our knowledge will increase your profits. 

  • We're knowledgeable. We have access to resources that allow us to answer all of your financial questions.  

  • And we are goal oriented. We want you to become more successful. When you succeed, we succeed.

 

We can give you the keys to unlock your business' true potential. Treat yourself to the benefit of a certified financial professional at your side in guiding decision-making for the best routes to improve and expand your business. Click below to schedule a free consultation and let's discuss how we can help you and your business become more profitable.

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