Focusing your business reporting Getting the right information regularly will help you to be more efficient. We can help to develop your accounting systems, processes and controls so that your business reporting is watertight and timely. Understand how your market may be changing We can help you to benchmark your business against your competitors or help you to look strategically at the markets you operate in. Wise & Co ensures you maintain business agility so you can stay ahead of the game. Incentivising your staff Attracting and retaining talent is another key area to increase business profitability. Furthermore, there may be staff who are central to the business that you wish to gain greater commitment and loyalty from by rewarding and motivating them with a tax efficient share option scheme. We can advise you on the best options for you and your business. Streamline business processes Internal systems and controls are essential in any business especially if you have aspirations to grow. They are the key to greater business efficiencies and increase business profitability. Using the right processes can deter fraud, as well as generate accurate and reliable financial information. Wise & Co can assess the robustness of your systems and controls making suggestions to strengthen or improve them. Analyse your pricing policy You know your product or your service line. Using your knowledge, we’ll help you to evaluate the most suitable pricing policies and ultimately to choose which is best for your business. Each different pricing strategy supports a different objective – for example to achieve market penetration goals, or to achieve sales revenue. Narrow your focus and drop unprofitable lines Adopting an analytical approach to how or which product lines contribute best to your profits, should be part of your overall business strategy. Equally, you may have some which are loss leaders, but do increase the sales of other products. An objective review from Wise & Co will keep you focused on which products or services are key.