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 business advice and strategy will help grow your business
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?
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
Our first task, when we work with you is to understand and create a profit and cash flow model for your business. From this model we will determine:
- Your position NOW,
- WHERE you want to be in the next one to three years and
- The key strategies and actions on HOW to get there.
With your profit and cash flow model and business plan, we can 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 business success.
To this end, we will facilitate a Quarterly Business Review (QBR) with the key stakeholders in your business. This QBR is your regular check-up to ensure you are on target to achieve your business goals.
As part of the QBR process we will review your actual profit and cash flow results for key trends and any opportunities or issues that may affect future profit or cash flow.
We also prepare a rolling four quarter profit and cash flow forecast and compare this to the targets included in your plan. Where there is a shortfall in the targets, we look at the impact of different scenarios to help you achieve your targets. From this you can make an informed decision on the key actions to take in the next 90 days to bridge the gap between your forecast and target result.
Six weeks after the QBR meeting, we will follow up you and your management team to ensure you are making progress on the execution of your key 90 day actions before our next QBR meeting.
Business Growth Network
To further develop momentum to achieve your business goals, key members of your management team can join our Business Growth Network (BGN) and network with other like-minded business clients to gain ideas and skills to further help you achieve your business goals.
Other Business Development Services
Other areas we help you achieve your business goals include:
- Facilitate and develop a strategic plan for your business
- Preparation of profit and cash flow forecasts
- Assistance with the co-ordination of research and development and other grant applications
- Perform customer profitability analysis
- Complete waste audits on key processes in your business
- Design employee profit share plans
- Facilitate director and shareholder meetings to discuss key issues and ensure there is alignment on the 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, relevant and timely
- Provide accounting assistance, as required from time to time, to ensure your month-end financial statements are prepared on a timely basis
- Provide detailed monthly or quarterly review of your financial statements to provide you with comfort that the financial statements are in order and key reconciliations are being performed
Why Choose Brentnalls WA?
Experienced
We have provided wealth creation and protection services to hundreds of businesses in Perth and Australia over the past 30+ years. Our team comes from a variety of backgrounds in the accounting, financial, and business consulting industries, giving us a broad understanding of business and personal finance.
Creative
Our team of corporate advisors and chartered accountants are constantly looking for new, innovative ways to help your business thrive. We use our tried and tested processes alongside new developments to give you the best results.
Holistic
We don’t just look at one part of your business – we assess all areas of your business to encourage business success. Our wealth creation and protection services are complemented by our business advice and strategy, as well as taxation advice.
