BUSINESS CONSULTING AND ADVISORY

We identify your business’s potential and its weaknesses to create strategies to help you improve your business’s bottom line, the most important number you need to measure if your business is to meet your personal goals.

Business advisory includes consulting with start-up business owners, business exit strategies, succession planning, business growth planning to business turnaround and recovery and everything in-between.  It may entail anything from assisting you with writing a business plan to visualizing your business plan in financial forecasting terms and cash flow projections to ascertain future financing projections to get on track.

To be successful a business must make money. It must make enough money to:

• repay its debts,
• re-invest in more growth,
• sustain operations, and
• pay the owners enough to live their desired lifestyle.

If a business does not make enough money to accomplish all four of these things, it is a failure.  Unfortunately, myth has it that says a business is a failure only if it cannot repay its debts and cannot repay other creditors.  That is plain wrong!

A business also owes a “debt” to its owners, and not just its creditors.  A business should grow in value (capital growth) for its owners in addition to a desired lifestyle (attained by the monthly remuneration the business pays the owner).

Understanding how a business makes money is different than just reading the financial statements.

Business owners may focus only on net profit, and lose sight of the importance of generating an adequate return on investment (equity) or positive cash flow.  That view can lead them to chase more sales or additional revenue streams when those things might be just the worst thing they can do!

Or sometimes, business owners focus too much on their businesses’ cash flow.  They fall into the trap of thinking that if there’s cash in the bank, and more coming in, then things are rolling along.  That can lead them to situations where they pursue growth opportunities when they really shouldn’t.

We also advise on how your business can abide by laws and regulations and mitigate legal problems.

We don’t only offer our wealth of business knowledge and experience to offer valuable recommendations, but as qualified accountants and registered tax practitioners, we are at the pinnacle of business advisors or consultants out there.  You will also have access to our team of strategic alliance partners to consult on specialized business matters, such as the formation of trusts and preparation of trust deeds, commercial and litigation attorneys, labour lawyers, valuators and more.