Business Freedom Program
If you belong to the group of business owners who are ready to take the next step on the road to achieve business growth and success, the Business Freedom package delivers the support you need at the right time.
To increase your profits and achieve business freedom, you’ll also need to work ON your business, not just deliver business services to your clients. This package is designed to help you accelerate your business growth, especially if you’re caught up managing your day to day operations.
We have developed a proven, step-by-step process to fasttrack not just your business success, but also to increase your personal, financial freedom at the same time. Through our business coaching services we will help you develop the tools you need to keep your business moving in the right direction.
Whether it’s a business plan, succession plan or financial blueprint for the future… we can help you understand your ‘critical numbers’ and make sense of your business financials. It’s important, when you want to grow your business, that you take the right steps at the right time. With our Business Freedom package, we work with you hands-on and take you through the following process so that you can stay firmly on your path to business success.
1. Setting up the Basics
When you want to take your business forward, the first thing you need is to make sure that you have access to accurate financial information at any given time. You might be using bookkeeping or accounting software that’s not really suitable to your business growth needs. We can help you set up and teach you to work with systems that will make your business reporting so much easier, especially when you’re on a growth trajectory.
Another critical aspect of business success concerns the structure of your business. We’ll review your current business structure to establish whether it is still the most effective way of minimising your risk factors, whether that be asset protection or compliance with any regulations. This review also includes consideration of future access to take advantage of any capital gains or tax concessions.
At the end of this review process, we will provide you with a recommendation on the best possible systems and business structure to support your business growth while minimising risk and increasing opportunities.
2. Correcting Course
The course you chart for your business growth always depends on your starting point. You could be running a business that’s making money, but you might not always have great cash flow or struggle to meet your supplier payments.
To find out where your business is positioned you need to look at the competition and see how they are tracking. Benchmarking your business against your competitors will open your eyes to the possibilities of the future. Comparing your business benchmarking figures to similar businesses in your industry will also show you what’s working well in your business and where you need to make some changes.
The next step is to look at your ‘critical numbers’ which include your Gross Profit $ / Gross Margin %, Markup, Net Profit $ / Net Margin %, and your Budget and Breakeven point. Sometimes you can improve your bottom line by simply tweaking some areas that have been showing up in your benchmarking and critical numbers analysis, you just need to know what to look for.
One of the main points of difference we have to other accounting firms is that we give you the tools AND teach you how to use them to boost your bottom line. We walk with you every step of the way to achieve the business goals that YOU want to achieve. We help you measure and monitor the performance of your business throughout the year and always go the extra mile, if something out of the ordinary should happen.
3. Growing your Business
Once you’ve got the right business set up and know where you’re at, it’s time to put the steps in place to grow your business. These days powerful and intelligent software can help you model your business growth, so you don’t have to do it using trial and error. For example, you could see how changing your net margin or mark up will affect your budget and your overall bottom line.
Using your current business financials and industry benchmarks will allow you to determine how fast you want to grow your business, but it’s not just about financials. It’s also about staffing and resources. We can also assist you to find the perfect balance between a rich and comprehensive benefits program and a cost effective employee-benefits-package.
Above all, business is about your customers. Without them you wouldn’t have a business. Growing your business needs to be carefully managed so that at no time in the process your customers will be dissatisfied with your services. Growing your business too fast, when you haven’t got all your ducks in a row, can leave you in a lot of pain, as you might have taken on too much and can’t deliver services to your customers’ satisfaction due to lack of time or quality control.
4. Building a Fortune for the Future
Building a successful business is hard work and requires a lot of dedication and passion. When you begin to reap the rewards and you’re building up your assets, it’s really important to make sure that you protect them.
We’re different to other accountants because we’re looking at the whole picture: your business, your goals and your life. Asset protection strategies and smart investment plans are a natural complement to business success. We can help you to build a fortune for the future from your business profits by creating a wealth plan for you and your family.
If you want to know more about our services, contact us today on (07) 3399 8844 to book a time or use our meeting scheduler at the top of this page.