buying an existing business
  • Due diligence
    When purchasing a business, due diligence is a key part of the negotiation and settlement process. It involves a review of the tangible and intangible assets and liabilities. The purpose of a due diligence is to make sure that you are buying what you think you are buying and to provide you with the confidence to either proceed with the purchase or to walk away.
  • Financial Modelling and Business Plans
    While historical management reports are useful, there is great benefit in preparing comprehensive financial models, based on your business plans, which indicate how your business will perform in the future. A financial model is very much a planning tool which enables you to influence future outcomes. Financial models provide a benchmark against which you can measure how your business is performing against expectations. A financial model contains a projected profit and loss account, projected cash flows and projected balance sheet. It is a formidable tool when negotiating with the banks and financial institutions for funding facilities.
  • Bank Negotiations
    It is difficult for business proprietors to deal with their bank on an equal level. It is much easier to deal with the bank when you have an advocate with you who has no emotional involvement in the outcome of the negotiation. Your prospects of obtaining the funding you seek will be greatly enhanced if you go to the bank armed with current financial statements; and a detailed financial forecast for the business. We are happy to attend these meetings with you.
  • Systems Analysis, Selection and Implementation
    We can review your current system to ensure that you are obtaining maximum benefit from it. Very often we will recommend changes to your coding structures to provide better data analysis capability. A review can result in increased efficiency and more useful information. In the event that you have outgrown your current software, we can assist by preparing a detailed system specification identifying what software needs to do for you both now and in the future. The system specification becomes a benchmark against which the capabilities of potential software products may be measured. We are able to identify suitable software products and submit a shortlist of recommended vendors to you.
  • Strategic Planning
    Businesses operate in a very dynamic economic environment. With our broad exposure to many different business types and our years of experience we can assist you to identify strategic issues and to develop plans to resolve these issues. We can assist you by linking strategies to business planning to deliver optimal strategic outcomes.
  • Internal Audit and process improvement
    We provide an independent appraisal of systems and processes current in the business to examine and evaluate their operation, analyse weaknesses in control mechanisms and to identify opportunities for improving efficiency and security. We not only identify areas for improvement but work beside you to implement required changes. The focus is always on improved security, efficiency of operation and the provision of quality management information.
  • Mentoring
    We work closely with our clients and understand how their businesses work. With our broad commercial experience we are well equipped to provide valuable insights. As we are not part of the business on a day to day basis we observe it objectively, giving us the capacity to see the wood from the trees. Mentoring business clients forms a large part of our business.
  • Bookkeeping
    Bookkeeping, if done properly, it provides you with a complete understanding of your financial position. Without proper bookkeeping you cannot really be sure how your business is performing. We can help your business to accurately track revenues and expenses and provide you with regular, useful management reports. Bookkeeping creates your database. By developing an appropriate coding structure we can analyse what is happening in the business and show you ways to improve profitability.
  • Procedures Manual
    In many businesses often only one person carries out an activity. Procedure manuals provide helpful guidance in the event of that person’s unexpected absence. They also provide a formal record of the way things should be done and provide a useful reference point for all staff. We can assist you to create and document appropriate policies and procedures.
  • Month end reporting, data analysis and interpretation
    We can assist you by producing accurate and timely management accounts and reports that provide you, the business owner or manager, with an in-depth understanding of how your business is performing. Reports may be produced daily, weekly or monthly depending on the needs of the business. We also help our clients by assisting them to understand the messages behind the financial data. Analyzing the financial accounts and comparing results against benchmarks and prior period performances enables improved decision making. Better decisions lead to better outcomes.
  • Corporate Governance
    Every business is required to abide by government regulations and to work within the constraints of its own constitution, policies and procedures. It is essential that each business has established corporate governance regimes to ensure compliance. This includes complying with regulations related to employment, privacy, equal opportunity, etc. and the requirements of the Corporations Law, taxation provisions and the requirements of the Australian Securities and Investments Commission. We can assist in establishing and implementing corporate governance frameworks and risk management procedures.