Starting out...
Like Zac
90% of new start-ups fail. For many of them, it’s because they started firing before they’d adjusted their aim.
Before you buy or set up your business, talk to our team of experts. We’ll help get you ready by answering questions like:
- Have you prepared a business plan and budget? Is it going to be profitable? Is it viable?
- Should you operate as a sole trader, a partnership, a company or a trust?
- What type of record keeping system is best for you? Should you use a computerised cashbook or software such as Banklink, Xero, Cash Manager or MYOB.
- How will you prepare your GST returns?
- Will you be employing staff? How will you prepare employment agreements, job descriptions, recording and paying PAYE?
Do you need ACC cover? What about income protection insurance? Before you start firing, work with us to get ready and set your aim. Together we’ll give your start-up the best shot at being one of the successful 10%.
Need fine tuning...
Like Cindy
Business is going well and you’re looking to grow. But growing can create its own pains and it’s important that you don’t slide backwards. That means planning ahead, by looking at things like:
- Financial information and management reports you’ll need.
- KPI’s to measure, and how to gather the information required.
- How you can improve profitability and the key factors affecting it.
- Why you are making a taxable profit, but still struggling to pay tax, creditors and bank loans.
- Assessing your business and planning for sale, succession or exit.
- Benchmarking your business against others of a similar size in your industry.
- Identifying gaps in your business operation, which, if filled, will make your business better.
Let’s work together to ensure that your business grows in the right way and try to avoid the business equivalent of that ‘awkward teenage’ stage.
Working Out
Like Jacky and Gus
Being a larger body brings with it some health risks. We will help your larger business stay fit and healthy by creating and maintaining a financial health regime, setting objectives and working out to hit your targets. We can also identify areas of your organisation that may need toning to ensure that the whole body is working efficiently.Questions you may need to consider:
- Do you have control over your business? Do you need to review your internal control systems? Is an annual audit needed?
- Are you aware of all your business risks? Do you need a risk management review? Are your decision-making processes adequate? Do you have the necessary information to make the correct decisions?
- What are your governance procedures like? Do you have the necessary information to ensure you are running your business the best it can be? Are you including your key people in the governance process?
- What are your succession plans? Are there key people in your business that you should be grooming to take over from you? Do you need to prepare your business for sale?
- What have you done to protect your personal wealth and asset position?
Try us – we’d love to give you a free one hour consultation to show you we can make a real difference to your business.
