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Business Consulting

Strategies to Help Your Business Grow & Thrive

Business consulting is an arm of our business that is completely personalized to your needs. We offer a cafeteria-like array of options that can be tactical in nature or strategic in scope.  For example:  a small business may have the need for assistance in QuickBooks training. Perhaps you have lost an employee that was essential in your day-to-day operations and the need to trains someone and get them up to speed quickly. We can provide that assistance and uncomplicate the disorders in your system. We can clean up a financial paperwork mess and give the new employee a fresh start and clear understanding.

Conversely, perhaps you are in need of a strategic plan for growing your business. Perhaps you feel your business is tapped out on its growth potential and a fresh eye needs to be taken to see more opportunities.

A picture of SCL CPA PC providing business consulting services

A business plan can:

• help to set new priorities

• new focuses for business energies and investment

• find new ways to strengthen current business operations

• provide a means to ensure that your employees are productive and working towards a common goal.

The plan looks to establish agreements and goals for the future, target points and assessments on how affective your energies are. Here are just a few of the business consulting practices that we perform for our customers.

Accounting Software Conversion and Implementation

Your business, like many, has grown and reached the maximum capacity with its current software. Perhaps you have been working on a system and creating work-arounds and now you find you need an investment into an accounting system that is more robust — but you have 20 years of data that needs to convert to the new system. Not a problem. We can assist in the conversion, do the conversion for you, train your employees on the new system and get you running quickly and efficiently.

Management and Control Systems Review (MCS)

This is a deep dive into the management of your company to see the different aspects of cost controls, performance evaluations as well as the types of reward systems that are in place. We may look at the possibility of role-sharing as well as the resource sharing aspects of your company to see what can be effectively implemented to make your company more dynamic and agile.

Litigation Support

We help to alleviate the stress and fear of pending litigation by providing an understanding the possible consequences of litigation and how to lessen the severity of an impending judgement. We can help calculate the economic loss resulting from a breach of contract or help with evaluation of a settlement solution that could curtail further litigations.

A picture of a courthouse

Business Valuation

In a nutshell, what is your company worth? Can you sell it? Should it be liquidated of the assets? What is a fair offer for the sale and what part of the business is the result of your direct involvement… meaning that without you to run the company, is it worth as much as you think it is? We take an honest appraisal and determine what is a fair market value for the sale or for insurance purposes. Business valuation is also a tool to determine whether you are adequately insured in case of a catastrophic loss.

Strategic Planning

As mentioned above, this is a customized tool to set you on the path of growth. You set the goals, the level of risk the firm is able to take on and take an in depth look at how to make your company more efficient and profitable. We help to focus and formulate your vision into a shared and common goal. We gather a comprehensive evaluation of your company, it’s obstacles and the opportunities with respect to past and present clients. We are with you to formulate a strategy that is attainable and not a pie-in-the-sky dream but a series of action steps to get you to your goal. The last part of the plan really works to provide a feedback process mechanism so that while you implement your plan, you can find a way to evaluate your progress. This instills some control so you can monitor action steps and your range of focus so you can narrow in on a target.

A picture of an accountant performing strategic planning

Entity Selection

For a new business, this is an essential first step. What kind of business do you want to be both now and in the future? Does your firm want to be a LLC but your industry requires you to be a S-Corp or a C-Corp. We can explain the differences of the variety of types and offer you guidance should your company grow to level where perhaps at some time in the future there is a need for change. The structure of your firm is there to provide you shelter from litigation and liabilities, but it should also be easy to run and navigate in day-to-day activities.

Financial Planning

Similar to strategic plan in that it provides goals and objectives, it differs in that it also provides a structure for attacking toxic debt, preparing for emergencies and a path for showing where your money goes. It looks at capital investment strategies as well as ways to grow savings within the company. This is perhaps the most important step a new business can do in maintaining a healthy road for future growth.

Retirement Distribution Planning and Succession Planning

As the owner of the company, what are your plans for the future of your company? Are you prepared for retirement and what exactly does that look like? Perhaps you want to have a relative take over the business or set it up for a third-party to come in to take over the reins. Succession planning can also include executor or administrative services whether by our firm or a third party. It is completely up to you. We are there to help you with the hand-off of the company. We want you to feel save knowing your lifetime of work will be in good hands after you retire and beyond.

SCL CPA PC is a full-service accounting firm offering Business Consulting services in the metropolitan areas of Chicago and Milwaukee. We have office locations in South Barrington and Arlington Heights in the northwest suburbs of Chicago and in Kenosha in Wisconsin. Our three locations serve – South Barrington, Barrington, Hoffman Estates, Schaumburg, Palatine, Streamwood, Rolling Meadows, Hanover Park, Arlington Heights, Carpentersville, Bartlett, Lake Zurich, Roselle, Elgin, Buffalo Grove, Prospect Heights, Aurora, Naperville, Skokie, Wheaton, Winfield, Mount Prospect, Evanston, Cicero, Carol Stream, Itasca, Lombard, Niles, Park Ridge, Elk Grove Village, Northbrook, Deerfield, Franklin Park, Melrose Park, Glendale Heights, Glen Ellyn, Glenview, Morton Grove, Bensenville, Elmhurst, Wheeling, Addison, Kenosha, Salem, Racine, Mt. Pleasant, Sturtevant, Trevor, Burlington, Pleasant Prairie, Bristol, Zion, Antioch and other surrounding areas.

To learn more about our Business Consulting services, get in touch with SCL CPA PC at (866) 725-9824 or (262) 658-3313. For your convenience, you can also email us at officesupport@sclcpa.com to arrange your one-on-one consultation.


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