As a business consultant specialising in financial consultancy it is imperative that all areas of a business are considered fulfil financial management objectives such as the following:

Efficiency

Is the ability of the business to make payments as they fall due

Managing Funds

Profitability

Is the earning capacity of the business.

Liquidity

Measures the ability of the biz to make payments as they fall due

Current Assets

Current Liabilities

Growth

Is the increase in business's wealth, or its scale of operations over time

Expansion of market, product and physical business

Return on Capital

Refers to the profit generated as a percentage of the owner's funds

in the business. If the business is incorporated, the owners are the

Shareholders

Distribution of profits

Advice that could given to help business is to follow The Planning Cycle (ADD MPI MPM):

Addressing present financial position

Look at statements to get...