business advisory Archives - The Accountants

Thinking of buying a business?

18 April 2024 No Comments

This article, written from an accountant’s perspective, provides an in-depth guide for individuals considering buying a business. It covers evaluating the business’s financial health, conducting due diligence, understanding the market, reviewing the business model, planning for transition, financial planning, and the importance of seeking professional advice. These considerations are crucial for making an informed decision and ensuring a successful business acquisition.

Benefits of HappyHR

10 April 2024 No Comments

This article provides an overview of HappyHR, highlighting its features, benefits, and applicability for business owners. It emphasizes how HappyHR can streamline HR processes, ensure compliance, enhance employee experience, and facilitate data-driven decision-making, making it a valuable tool for businesses looking to optimise their HR management.

Business Basics

9 April 2024 No Comments

This article offers a comprehensive overview of the basics of business management and practical tips for success, tailored for business owners. It covers essential aspects such as market understanding, business planning, financial management, branding, customer experience, innovation, team building, networking, compliance, and sustainability. These elements are crucial for establishing, running, and growing a successful business.

Practical Tips from a Business Advisor

8 April 2024 No Comments

This article provides actionable tips for business owners on improving their business. It covers understanding the market, refining the value proposition, enhancing operational efficiency, investing in employees, financial management, customer service, innovation, online presence, sustainability, and the importance of regular review and adaptation. These tips are designed to guide businesses in achieving growth and competitive advantage.

Your first business plan

3 April 2024 No Comments

This article provides a structured guide for new business owners in Australia on writing their first business plan. It covers the executive summary, market analysis, business model, marketing and sales strategy, operational plan, management team, financial projections, funding, risk analysis, and the importance of an appendix. The focus is on creating a detailed, realistic, and adaptable business plan as a foundation for business success.

Basics of Buying a Business

19 March 2024 No Comments

This article provides a comprehensive guide for new business owners on buying a business. It covers assessing goals, financial assessment, due diligence, business valuation, legal considerations, negotiating the sale, financing, transition planning, and the importance of professional advice. Thorough preparation and informed decision-making are emphasized as crucial for a successful business acquisition.

Basics of Recruitment

4 March 2024 No Comments

This article provides a comprehensive guide for business owners on the basics of recruitment. It covers defining roles, sourcing candidates, screening, interviewing, assessments, reference checks, making job offers, and onboarding. Effective recruitment strategies are emphasized as key to building a successful team and driving business growth.

Cash flow basics for business

19 February 2024 No Comments

Effective cash flow management is vital for the success and sustainability of a business in Australia. It requires diligent tracking, strategic planning, and proactive management of both inflows and outflows. By understanding and applying the basics of cash flow management, businesses can navigate through financial challenges and capitalise on growth opportunities. Regular consultation with financial advisors or accountants can also provide valuable insights and strategies tailored to specific business needs.

Using Fathom in Your Business

22 January 2024 No Comments

Using Fathom for reporting can significantly enhance a business’s ability to understand and communicate its financial position. Its powerful analytics, integration capabilities, and user-friendly dashboards make it an invaluable tool for businesses looking to improve their financial reporting and decision-making processes. Whether you’re a small business owner, a financial manager, or a stakeholder, Fathom provides actionable insights that can help drive your business forward.