Start your business growth journey with us
Budgeting and cashflow forecasting
A good budget and cashflow forecast is a necessity in a good business plan. It is one of the best business tools you can have, enabling you to set financial targets and measure your performance. They are also an essential risk management tool as running out of cash is one of the biggest causes of business failure.
The techniques we utilise to form financial projections enable you to consider future scenarios and provide you with goals to strive for in your business. However setting a budget is only one part of the job. Analysis of actual results to budget is the other part as a budget or cashflow projection will only be useful when this is done.
There are many types of budgets. We can help you design the right budget for your requirements and carry out regular analysis of your actual results to make sure you keep on track.
Funding and grants
During the COVID-19 pandemic most businesses received some form of government financial support. But did you know that at any one time there are numerous grants available for business, both at Federal and State levels. The team at Proactive Business Advice can assist you in identifying the incentives that are available for your business and attend to the preparation of the application documents. We can also assist you in applying for business loans.
Risk management
No matter what business you are in you are exposed to various risks, both business and financial. Having an effective risk management strategy improves the performance of your business, enables you to complete goals, and protects the value of your business.
Our risk assessment includes:
- Assembling relevant information about your business and market
- Identifying the major risks facing your organisation
- Developing a risk management strategy
- Implementing the risk management procedures
Strategic and business planning
We'll help you develop a strategic plan that examines where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.
Your strategic plan will:
- Define the characteristics of your company in three to five years
- Identify your competitors
- Define your objectives and financial goals
- Include an effective implementation strategy to achieve your goals
Succession planning
Succession planning is the coordination of transitioning your business to your successors. Exiting a business could be planned, such as the retirement of the owner, or could be forced on the owner due to health issues or death. As such a succession plan should not be left until the last moment.
A succession plan will help you to answer the following questions:
- What will happen to the business when I am ready to retire from it?
- What will happen to my business if I can no longer work in it?
- How do I realise the maximum value for the business?
- What is the best way for me to exit the business?
Management reporting
For any business owner having timely and accurate management financial reports is essential. Our reporting service not only provides you with regular financial reports but also analyses the numbers to give you a more accurate picture of how your business is going. We have the know-how and experience to offer advice that helps you run your business more effectively. We check that your business is as competitive, focused, and profitable as it can be, then offer strategies, designed to address the issues affecting your business.
Mergers and acquisitions
Whether you are considering buying a business or merging with another business, we have the experience and expertise you require. Are you getting a good deal? Is the business right for you? Can you afford it? Have all avenues for future growth been investigated? We ask the right questions and find the required answers.
The services we provide cover every stage of the process — From identifying potential acquisitions and negotiating the commercial elements of the transaction to forecasting the future of the business.
Business structuring
If you have a good idea for a new business venture, or are looking to buy a business, but don't have expertise in the legal or financial aspects of creating a new business, we can help you:
- Decide on the most suitable structure for your business — Sole trader, partnership, trust, or limited company
- Prepare a business plan, cash flow projections, budgets, and trading forecasts
- Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
- Establish a good working relationship with your bank
- Register for an Australian Business Number with the ATO
- Complete registration procedures with the Australian Securities and Investments Commission
- Deal with company secretarial issues
- Set up an accounting system for your internal use and for complying with statutory requirements
The Proactive Business Advice team can help you relieve the stress of starting or expanding your business. Start your journey to growth with us on 02 9411 359.
