Business Advice & Strategy Perth
Brentnalls WA are trusted business advisors in Perth, WA. We have provided business planning advice, business development strategies, and financial management services to hundreds of businesses since we began in 1993.
Our team of dedicated, hardworking business and financial advisors think outside the box to help your business grow and thrive.
What does a business advisor do?
Business advisors offer strategic planning, strategy, and development services to help businesses reach their fullest potential.
At Brentnalls WA our priority is for your business to succeed. We examine your business from all angles, taking into account your current situation and ideal position to create a customised game plan and strategy for your business.
Our strategic business planning process
Whilst many businesses develop a strategic business plan to grow their business, few actually implement the plan. More importantly, few businesses test the plan before executing to determine the financial impact of their plans.
And how easy is it for everyone in your business to understand and implement the plan? Also, few plans stay on track and often management does not know they are going off track until it is too late.
Planning for business success does not have to be complicated. There are many examples of business plans that sit in the bottom drawer. Brentnalls WA creates actionable strategic business plans that you can stop talking about and start doing.
Profit and Cashflow Growth Model
To achieve your personal goals, we need to understand the dynamics of your business. We do this by developing a Growth Model for your business. The model focusses on both profit and cashflow, which are essential to a healthy business.
This ensures the business can fund future growth plans, make payments to creditors, meet tax obligations, and ultimately distribute returns to owners. With your Growth Model we will know which drivers you should focus on when developing your strategic plan.
We consider the following questions to give you tailored business advice and support that works.
Where are you now?
Before we can start moving you forward, we need to take stock of where you are now.
We take a close look at the key numbers, opportunities, issues, and challenges facing you and your business to get an understanding of where you and your business are now. We review the internal and external environment, develop a robust SWOT analysis, and identify the top priorities.
By keeping it simple, we believe you are far more likely to achieve your goals with a clear plan.
Where do you want to be?
To determine where you want to be, we will review the key numbers that drive your profitability and cash flow.
We will test the sensitivity of these numbers so we can determine where improvements can be made to achieve the desired profitability and increase the value of your business in a sustainable manner.
We will then determine the target profit you want to achieve over the next 3-5 years
In addition, we will help you determine where you play, how you are going to win, and the key processes required for your business to win in this space.
How do you get there?
Clarity is the key.
Once we have determined a clear direction and focus for your business for the next three to five years, we will help you identify the 4-6 strategies that will achieve your profit target, support your business model, and address your business’s SWOT. We will also put in place support processes to ensure the execution of your plan.
By challenging your direction, providing an independent view, and sharing ideas and knowledge, we can create an environment that engages your people to achieve the goals you have set for your business.
Finally, we will summarise your plans using our one-page plan format to create a blueprint for your future success and help you communicate your plan to your shareholder and the employees in your business.
Our Business Advisory Services
Quarterly Business Review
Once we understand your profit and cashflow growth model and your strategic plan, we can then put in place processes to ensure you execute the plan. With regular reviews and follow-up to monitor progress, we will make sure you maintain your focus to stay on track. This will ensure that your plan does not end up in the bottom drawer. It is this focus that will underwrite your success.
Your success is our priority. By being proactive, rather than reactive, we can help you stay on track. Because we are strategic in our view of the world, we encourage you to focus on the future direction of your business.
To this end, we facilitate a Quarterly Business Review (QBR) with the key decision makers in your business. This is your regular check-up to ensure you are on target to achieve your business goals. We review your actual profit and cashflow results.
We also prepare rolling four quarter profit and cashflow forecasts and compare your actual and forecast results to the targets included in your strategic plan. Where there is a shortfall in the targets, we look at the impact of different scenarios to help you achieve your targets so that you can make informed decisions.
To bridge the gap between the NOW and WHERE of your business, we help you develop specific actions to focus on for the next 90 days.
Business Growth Network
To further develop momentum to achieve your business goals, key team members can join our Business Growth Network (BGN) and network with other like-minded business clients to gain ideas and skills to further your business goals.
Other Business Development Services
Other areas we help you achieve your business goals include:
- Preparation of profit and cashflow forecasts
- Support to help you raise finance
- Assist with research and development grant applications
- Assist with government grant applications
- Perform customer profitability analysis
- Run waste audits on key processes in your business
- Create employee profit share plans
- Perform business valuations
- Facilitate director and shareholder meetings to discuss key issues and ensure there is alignment on direction of the business among the key stakeholders
- Review month-end processes to ensure key control accounts are reconciled and the monthly financial statements prepared are accurate and timely
- Offer accounting assistance to ensure your month-end financial statements are prepared on a timely basis, as required from time to time
- Provide detailed monthly or quarterly review of your financial statements to provide you comfort that the financial statements are in order and key reconciliations are being performed
Why choose Brentnalls WA
Contact Brentnalls WA
Brentnalls WA is here to help your business perform and succeed. Contact us today for more information or a free business review and start improving your business’s performance now.