Are you a small business owner? Your accountant should be able to answer these questions.
For small business owners, finding the right fit with a business adviser to partner with can make a huge difference to the performance of the business.
At Fox Group – we see ourselves as “financial doctors”. Some of the common questions we work with owners to answer include:
1. Tell me, how is my business really doing?
When you have your very own business that you’ve created from passion and hard work, you’ll naturally feel protective over it.
Business owners need someone they can trust and who will tell them the real truth about the state of their business. This is where a relationship with someone who can explain help prepare the figures and analyse them in real time makes such a difference.
At Fox Group we take pride in reviewing the performance of a business and helping our clients think strategically, so that strategies can be developed to drive the business performance. We will tell you what you NEED to hear without the jargon.
2. Is there a better way to run my business?
Whether you’re experiencing a set-back or just want an opportunity for growth, your accountant must be able to provide you with strategies and financial advice that is relevant to your current needs.
The advantage of working and partnering with an accountant is we have seen what works for small business…. and what doesn’t. Part of our role is to challenge the assumptions of business owners and help them remove the limiting beliefs that place a ceiling on their performance.
With technology moving as fast as it is, we see a major part of our role in helping owners choose and implement the right technology to streamline or eliminate manual processes.
3. I think it’s time to expand, how do I do it?
If you find yourself being able to talk to your accountant and discuss anything from financials to business expansion and growth, you have found the perfect match.
Growing a business – done well, is one of the most rewarding things an entrepreneur can do. It can also be one of the most challenging.
Growth can mean many things. It can be as simple as a first employee or moving the business from the kitchen table into an office – right the way through to things such as international expansion, franchising or purchasing a competitors business.
At Fox Group – we will help you you think strategically on the reasons for any expansion and making sure the growth will align with your long term goals.
Once the decision has been made to grow– we work with you to maximize your chances of success. We are able to give you practical advice on the technicalities of expansion such as conducting due diligence & structuring for the best tax effectiveness. Most importantly we will work with you to source the most appropriate form of finance so that the business growth can be funded without placing major cash flow stress on the business.
