The Business Freedom Advisory program is about moving your business from “cruising mode” to accelerating your business. It’s about the extra or different focus on growth that will require a little bit more work than just going about your daily business.
When you are ready to step on the accelerator, Straight Talk Accounting & Tax can help you set up the starting blocks and chart a course to grow your business profits and build your personal wealth with our advisory service package.
Through our work with small business owners over the years we have created an advisory program that comprises four critical steps to help you build your business with minimal risk, our Business Freedom Program.
Many business owners struggle to work ON their business while continuing to deliver their core business services. If that’s you, then you need a partner who can guide you every step of the way to create a more profitable business.
Using our proven, 4-step Business Accelerator program, you’ll get more out of your financial data.
The analysis of your profit drivers is the foundation, upon which you can build a business acceleration plan that will work for you. We are with you every step of the way to grow your business at the speed you want while making sure no stone is left unturned to make sure your assets are protected.
The 4 steps below will give you a snapshot of the process we will take you through, when you come on board.
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.
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.
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.
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.
Learn more about The Business Freedom Advisory Package by contacting us today on 07 3399 8844 to book a convenient time to talk or use our 30-minute Free Meeting Scheduler at the top of this page.
