1. Why should I pay for financial analysis software when I can get free information from books or the internet?
Providing comprehensive financial analysis requires substantial experience, education, knowledge of current industry standards and an understanding of how to benchmark data. Most importantly, a thorough financial analysis should provide accurate analysis for business growth and success. Alphadore provides financial analysis based on your input and benchmarks it against industry standards. You may on your own conduct the same analysis if you have time or motivation to read several important accounting books and apply it to you company. In fact, I encourage anyone to obtain fundamental financial knowledge to run and analyze their businesses. Nevertheless, if you don’t have time or foundation of knowledge to build on, then I recommend using Alphadore. Alphadore will save you significant time from researching the information, learning, researching the industry standards, apply it to your company, and put it in a nice presentation.
2. Why do I need analysis of my business?
In the current market situation, 80% of small businesses go bankrupt within the first 5 years of operation, and 70% of the remaining companies go bankrupt within the next 5 years. Unfortunately, the odds are stacked against today’s small business owner.
Even large, multinational organizations with top-notch talent and resources spend millions of dollars on consultancy services. A typical Fortune 500 company usually spends around 2% of annual revenue on consultancy expenses. Medium size organizations usually prefer to hire consultants at a daily rate that ranges from $1,000 – $4,000 per day. These extreme expenditures are for good reasons. The services provided by knowledgeable consultants enable these companies to prosper during uncertain economic times and among fierce competition.
But what about small businesses? The truth is that most small businesses cannot afford to pay thousands of dollars per day in consultancy fees. It would take a consultant at least 2 man-days only for the analysis of your business. But that doesn’t mean that these businesses can afford to do without sophisticated and personalized financial anyaysis. That’s where Alphadore brings value.
Alphadore provides the small business owner with valuable analysis for a fraction of a typical consultancy fee. A junior consultant daily rate in the U.S. is 1,000 USD. It would take two man-days to deliver the analysis that equals to total of 2,000 USD. Alphadore brings the same service for completely free.
3. Every business is unique, so how does Alphadore software provide specific recommendations?
Alphadore is based on the understanding that every business is different, and those specialized indicators must be used in order to accurately measure an organization’s health. Alphadore is essentially a sophisticated software that analyzes your company’s data according to essential ratios, key performance indicators, and standard industry benchmarks. Alphadore does not provide specific recommendation as it requires a face to face meeting, understanding your needs, and future goals. Alphadore provides analysis. Who can develop a better Strategy than the business owner who now knows where his company stands against competition and knows how to differentiate and create a unique value?
4. I purchased the report and I am satisfied with the quality. Should I still go ahead and hire a financial consultant for further analysis?
Alphadore provides great value for your money. We aim to provide fundamental analysis and practical, data-based guidelines. Our mission is to help our clients evaluate their needs and act accordingly. If your business can afford to engage a consultant who will understand the nature of your business as well as your needs and future goals, it may be the right option for you.
5. Where are the industry standards coming from? What sources have you used?
Alphadore’s data on industry standards is the result of intense research and studies conducted by our development team. Our studies are based on public resources, government records and business data collected from companies or libraries in North America, Australia, New Zealand, The United Arab Emirates and The United Kingdom.
6. I am a reporter and would like to know who your clients are? Is it only small business owners?
Our primary clients are small business owners. However, Alphadore is also commonly used by entrepreneurs who are launching a business and testing their business plans. A large number of university students have also benefited from Alphadore for their studies and projects.