Business Review
Sometimes, this is a simple as taking the time to sit down and look at your own business.
- Are you working on or in your business?
- Have you got a business plan?
- When did you last update it?
- Why are you doing what you do?
- What’s the plan? Short Term/Long Term?
- Have you got a cashflow forecast?
- What are the risks to your business?
- What have you got in place to deal with the risk?
No one knows your business as well as you do. No one can help you if you don’t ask them to.
It does not matter, whether you are BHP or the local takeaway shop – you still work out your profit: Income Less Expenses.
Obviously the bigger your operation the more complicated it is but the principle is still the same.
What is your breakeven point? (The minimum sales point before you make a $1)
What are your fixed costs? What it would cost you even if you did not make a sale.
Do we need to increase Income, Reduce expenses or both?
- Have we got the right markup/margin?
- What is your best seller?
- Which item is your most profitable?
- Are your overheads to high? If so which ones?
- What advertising/marketing works for you?
Are there patterns in your trade that you can influence?
These are some of the areas we need to look at when we review your business.
We can look at an internal review or you can also look at benchmarking your business against similar business to see what is working and what isn’t.
Other Areas
ATO Payment Arrangements
Interest and Penalty remissions
Debt Waivers
Delayed HECS repayment application
Payroll reporting
OTHER AREAS
ATO Payment Arrangements
Interest and Penalty remissions
Debt Waivers
Delayed HECS repayment application
Payroll reporting