Taking a Step Back
BIK & Co provides the outlet to let you look at your business with a fresh set of eyes. Even in our firm, we need to talk to outside consultants to help us assess what we are doing. Our advisory services become the foundation that brings new energy into your operation.
We look at all aspects with the end goal of helping you achieve your objectives. That might be increasing profits, working less, aggressive growth, buying or selling a business, developing a succession plan, creating corporate goals or setting compensation plans. We help you look at all aspects of a potential situation. Sometimes to get to the right answer, you need to not just look at the financial pieces, but also the emotional impact.
One of the biggest challenges in any business is getting objective feedback. The owner(s) often cannot see their flaws. Their support team is often reluctant to point those flaws out. In addition, your management team may be personally impacted by potential changes. For example, if benefit costs are rising, will you receive a positive reaction to reducing benefits and/or increasing the employee cost of those benefits? That’s doubtful. What if the issues were larger? Layoffs may be needed. Relocating the business to a different state may be a consideration. Or, what if you needed to prepare the business to get it ready to sell? What if your management team is part of the problem? You can freely talk and plan with us.