Fresh insight can often be the difference between a business that’s stuck in a rut and one that’s moving forward to success.
In my earlier article, I discussed the importance of choosing a Business Success Accountant and the professional and personal attributes you need to consider when doing so. In this article, I’ve indicated FIVE outcomes that those who succeed in business consistently seek to achieve. Please read on now…
#1: More Profit
Your Business Success Accountant will ensure you understand your numbers so that you may better manage your expenses and maintain consistently reliable cashflow. This creates more opportunity for your business to grow. And, importantly, more profits enable you to extract more wealth from your business for your own personal prosperity.
#2: More Value
Sound financial management can build substantial value into the business so that when you’re ready to sell you will be more likely to achieve a higher price.
#3: Clean Books
As I’ve mentioned before, there is no such thing as ‘creative’ accounting. Efficient financial management and effective systems deliver reliable financial reporting and create clarity for business owners. This underpins strong decision making with the added bonus of eliminating extra workload and the ‘what if’ stress that business owners often feel when they’re left wondering whether or not their figures are accurate.
#4: Bank Support
Clean books directly translate to more options, especially when it comes to your bank or financiers. With strong and cleanly presented financials, they will be more inclined to provide the lending support you may need for growth, and extra funding during tough times.
#5: Independent Third-Party Insights
Importantly, you will enjoy the dual benefits of having a Business Success Accountant as a much valued team member who is invested in your business success. You’ll also benefit from a seasoned professional who can stand back and offer an independent view, particularly in matters that can feel more personal than business.
Your Business Success Accountant can provide the fresh insight and expertise you need for feeling reassured, in control and confident; inspire your motivation and drive; and give you every reason to be proud of your achievements.
Of course, there are many factors that determine business success, and if you’ve been thinking about getting a second opinion or exploring alternatives to your current accountant, you should!
If I can help you to succeed in business, please contact me on +61 2 9699 9171 or email shane@makecentsaccounting.com.au
This information (including taxation) is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. Make Cents Accounting strongly suggests that no person should act specifically on the basis of the information in this document, but should obtain appropriate professional advice based on their own personal circumstances.
