Understandably many business owners focus on cashflow and the amount of money in the bank as a sign that their business is successful but it’s so much more.
Going beyond just knowing the numbers, allows us to mitigate potential risk and plan growth.
By identifying possible threats and then implementing processes to minimise or negate them, your business could have the following benefits:
lower insurance premiums
reduced chance that the business may be the target of legal action
reduced losses of cash or stock etc.
reduced business down time.
Now more than ever, we’re using a full suite of connected technology to help you evaluate trends and potential situations. Planning for future growth could:
help you visualise what an increase or decrease in sales will look like on your cash balances to help you plan your staff hires, owners pay levels and amount available for marketing
predict shortages and surpluses in the upcoming months
decrease reliance on loans and credit card debt so that you can confidently know you have enough money in the bank to meet payroll, pay suppliers, and cover expenses without relying on debt.
We look beyond the numbers and take a proactive approach to delivering sustainable business solutions.
Like the sound of us? Call us on (07) 5500 0898 or send us a message.
This year is truly a special year for us, as we celebrate our 30th year in business. We sincerely thank you all for making 30 years possible and look forward to working with you. To learn more about why we love what we do, read this.
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Source: CPA Australia