When operating on gut instinct rather than real-time financial data, it’s easy to become lost in your day to day business operations and lose sight of the big picture. The unfortunate truth is that the bigger the business, the bigger the stresses for the business owners.
Ultimately, it’s about being a business owner rather than a business operator. Achieving that distinction all comes down to STRATEGY.
Our role as your accountants and business advisors is to help you implement appropriate accounting and financial management systems that MEASURE efficiencies and reveal your key performance indicators (KPIs). Using real-time financial data, we interpret your numbers so you may clearly UNDERSTAND the driving forces of your business.
We also know that to enable you to develop financial literacy, the numbers must be meaningful and in context of your business requirements and the goals you have for achieving business success as well as your own personal prosperity.
Setting your business STRATEGY does not need to be onerous. It’s about identifying where you are now, and where you want to take your business in the future. Your goals may include growing your business to the next level; improving profitability; reducing your tax liability; selling your business to plan for retirement; or transitioning your business to next generation family members.
Like many business owners who become consumed by the day to day grind of their business, you may not know what you really want from your business.
As business owners ourselves and with the benefit of working with many other business owners across various stages of their business lives, we have far reaching experience and provide a qualified sounding board and guidance when developing the business STRATEGY that’s right for you.
You may remember in the first article of this series, we identified the importance of quality accounting and financial management systems and our role in helping you to implement these systems. The truth is, our preference is to be involved in establishing your systems, so that they are tailored to suit your needs and we can feel confident that the reporting using real-time financial data is accurate. With this information in hand, we are able to help you set realistic and prioritised goals.
In accordance with our very practical approach, your big picture STRATEGY will most likely consist of smaller, easier to achieve mini-strategies that address issues and opportunities within specific areas of your business.
These may include addressing billing cycles or billing terms to reduce outstanding debtors; renegotiating terms with your suppliers to improve your stock turnover and better suit your cashflow; reduce staffing costs by introducing better systems or outsourcing tasks; acquiring assets and utilising tax effective structures to boost business growth.
We provide direction and simplify processes. We provide access to and help you interpret your financial data so that you can make more informed and confident decisions that will allow you to move to the fourth part of our M.U.S.T. Do for Business framework and TAKE the actions necessary for implementing your STRATEGY, and achieving your goals.
S – STRATEGY
We will work with you to:
Identify what you want for your business;
Provide a qualified sounding board and guidance for articulating your business goals;
Develop a strategy for achieving short term outcomes and long-term goals.
Robinson Voss Partners is known for helping established, small and medium sized businesses to grow.
Using our M.U.S.T. Do for Business framework we help them to achieve outcomes that extend beyond business success to personal prosperity for business owners.
At Robinson Voss Partners, we have over 30 years’ experience helping business owners at all stages of their business. If you would like strategic advice to help you make the most of your business and personal situation, please contact us today on 03 9708 8801 or email info@rvpartners.com.au
Learn more about the M.U.S.T. Do for Business Framework
Measure | Understand your Numbers | Set a Strategy | Take Action
General Advice Disclaimer: The information contained within this document is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. Robinson Voss Partners (RV Partners) strongly suggests that no person should act specifically on the basis of the information in this document, but should obtain appropriate professional advice based on their own personal circumstances.
