Helping you grow

Survival of the Fittest

News Article: February 22, 2018 by dwaoaktree Save Money

We all know in nature only the fittest, strongest survive.  Well the same is true for in the business world.  It is essential that your business finances are in good order or it can spell disaster.  Luckily you don’t have to be a financial wizard to ensure that this is the case. A good accountant can be the difference a business needs for survival and success.

So take care when choosing an accountant  and that you find one who will not only ensure you remain complaint, but will work with you to ensure your cashflow remains in good health and identify opportunities for you to grow and improve your business.

Not all accountant are the same and it is essential that you find one that will assist you achieve your goals.  A good accountant will go further than simply lodging your tax returns.  If you choose wisely your accountant can have a huge impact upon your business success.

How can an accountant help my business?

Running a business can be very lonely and stressful.  You have so many competing priorities, it can sometime be hard to see the wood from the trees, and this can leads to poor decision making.  Your accountant should know your goals and objectives, not only for this year, but the next 5 years.  Therefore they are the perfect sounding board when you have an important decision to make, they will look at your business impartially and give you advice based upon the figures, your goals and your previous performance. This can be the difference between success and failure!

An independent sounding board

Many people believe that they can simply discuss important business decisions with friends and family.  Sure it can be helpful to get other opinions.  However in most cases these are just opinions.  They are not based upon facts, evidence or data and most importantly, they are not based upon experience.

A good accountant will be there for you to help guide you, answer questions and provide professional advice based upon understanding and experience.  This can be the difference between your business just surviving and thriving.

Improve your systems and processes

A good accountant will also work with you to implement systems and processes that will improve your business, make it more efficient, save you time and reduce your costs.  This makes running your business easier and improves your chances of success.  With less time spent on the basic administrative roles you can focus on growing your business and delivering exceptional customer service

Share information and empower you to run your business.

A good accountant will meet and chat with you regularly, so they know you and your business inside and out.  They will also help you understand your numbers, taking the time to explain what they mean and how you can use them to improve your business moving forward.  They don’t simply lodge and bill.  They can even provide you with advice on cloud solutions that will allow you access real time data on your business so you can make informed decisions so you can be responsive to changes in your businesses finances and take advantage of opportunities as they arise, maximising your success.

To ensure you are getting the full range of benefits from your accountant, you need to consider them as an asset to your business, and not just an additional expense. Keep them involved and informed about your changing business. By doing this you will find they are able to add significant value to your business.

For a free, no obligation meeting call us today or complete our contact us form (it only takes a minute) and we will be happy to catch up and discuss your business, your needs and how we can assist you.