Business advisory is the services that we, as accountants, offer outside our traditional and somewhat stereotyped tax-related services. If you have ever worked with an accountant that offers business advisory services you would know it has nothing to do with debits, credits, journals, and tax/BAS lodgements.
A business advisor focuses on your business, not your tax. Business advisory services include:
- m with you regularly with a formal but very open agenda that is all about you, and your business;
- reviewing information about your business’s financial performance;
- being available to you as an in-house Chief Financial Officer (CFO) from time-to-time;
- assist with Human Resource issues;
- liaise with and facilitate appropriate connections within a trusted network to provide specialist services from time-to-time;
- work with your banker or solicitor to assist you with important transactions; and
- be the person you turn to when stuck on a decision or issue that you simply need an experienced person to bounce ideas off.
Who else can you call upon that has years, if not decades, of experience in providing business solutions? Accountants are here to make your life easier and provide peace-of-mind. Accountants are the most trusted business profession for a reason.
Why you should listen to your accountant when they want to talk about business advisory?
If your accountant wants to talk business advisory, it means they want to know more and to find out how they can proactively help you to grow your business. Your accountant can offer a unique point of view and help to keep you accountable. They can also assist you in defining your business strategy from outside of the business.
Business Advisors attend hundreds of meetings and there will never be two the same. Every business is different, and an advisory meeting should have some structure, however, the agenda should be driven by you and tailored to your business needs at that point in time.
If your accountant is a good listener and passionate about business advisory, you will be able to introduce them into your business to understand how it operates and help with the day to day running. The value of business advisory lies in the treasure trove of knowledge that an accountant will hold from their experiences with many different types of businesses.
Business Advisory at Thrive Advice
Through Thrive Advice you have access to experiences and knowledge well outside your own business experience to draw upon for assistance. Having access to this sort of value is unique and can be very rewarding if you take the time to introduce a business advisor into your business.
Whatever your stage of development, from initial start-up small business ventures through to established corporate enterprises and succession planning, our business advisory team has the experience, insight and solutions that you need to identify and work towards your business goals.
Contact our experienced team today on 02 6362 8255 to chat with a business advisor or arrange an obligation-free meeting to discuss our services and how we can help your business.