Getting professional advice is a vital part of any business. Professional advisers can include financial advisers, legal experts, accountants, bankers and insurance brokers. Whether you’re starting a new business or growing an established one, a good adviser can help you:
- identify and reach your business goals.
- negotiate contracts and other complex documents.
- understand and comply with rules and regulations
- minimise risk in your business.
Before you look for an adviser, you will need to have a thorough understanding of your business situation and the areas where you may need advice. With this information, you can research potential advisers to see if they have the right skills and experience for your specific needs. Once you have found the right adviser, you will need to build a good working relationship.
Business advice is about collaboratively seeking a solution and formulating an action plan. Our consultants generally deal with identifying problems and then proposing solutions that they actually implement.
Our business advisors help the client find the solutions to the problem by adopting a methodology of questions and in-depth exploration that leads to the solution. We believe that by adopting a coaching framework a more profitable practice can be built.
The purpose of working with a business advisor is to reduce the likelihood that you fall into common small business traps, especially not managing your cash flow. According to government statistics, over 40 per cent of SMEs that went bust over the 2012-13 period reported cash flow problems as the driving factor behind their failure. In addition, 33 percent of owners whose companies became insolvent also admitted to keeping poor financial records.
Our team will ensure that you find more time to do the important things in your business and your life. We’ll help you to eliminate waste from your sales and marketing activity and develop systems that will allow you to choose the right staff to leverage your business.
Your business coach will also work with you to create a sustainable process for generating new business.
For more information, visit http://www.outrunaccountants.com.au.