The Key Foundations To Set Up For Growth

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By Tony Monisse

The key foundations to set up for growth

In the current environment, businesses are dealing with many forces;

  • A strong resources sector supported by high commodity prices
  • Increased infrastructure spend
  • The enormous demand for new dwelling construction impacted by government stimulus payments and low-interest rates
  • Skills shortages which have been affected by locked down state borders
  • Increased pressure on supply chains to source equipment and parts
  • Increase in the cost of inputs including equipment, parts and delays in transport

We work across many businesses exposed the above market forces who are dealing with constraints in terms of capability and capacity.

To set up for profitable growth, there are consistent themes these businesses will focus on for the next 6-12 months, including;

  • Understanding the levers that drive their sales, profit and cashflow so it becomes clear which of the levers to focus on to grow their business profitability
  • Forecast cashflow for the next 12 months and test various scenarios to better understand the risks to fund growth including managing working capital and ordering equipment and stock
  • Reviewing their business in terms of where they are going to play (target market); how they are going to win (value proposition) and the unique capabilities the business requires to win.  The major risk for businesses today is they spread themselves too widely, they lose control and are unable to deliver and they erode profit margins in the process
  • Be clear on their employee value proposition and their strategies to train, retain and reward their people

 

We will be exploring the above themes in more detail at the upcoming Growthcon.  We would welcome you to take time out and attend the event and learn more about these key foundations to set up for growth!

For all enquiries email us at info@growthcon.com.au

Book tickets for yourself and your team HERE

 

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OUR DIRECTORS

Chris Mandzufas

Chris Mandzufas

Chris has a diverse range of skills and experience as a result of providing accounting, taxation, advisory board and management consulting services to owners and directors of fast growing businesses.

Chris Smith

Chris Smith

Chris Smith has been a member of the Chartered Accountants Australia & New Zealand since 2006, a member of the Tax Institute of Australia since 2013, and a registered Tax Agent since 2018.

Tony Monisse

Tony Monisse

Tony’s key focus is the integration of strategy and financial management. To this end he has developed tools and process that facilitate this integration, including business modelling, target setting and rolling cash flow forecasts.

Maximise your Business Potential

Whether it’s business growth, improved profitability and cashflow or streamlining operations to improve work/life balance, we can help you achieve your business goals. Gain clarity on which strategies will accelerate the success of your business

Our Impact

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INCREASE IN PROFIT AND CASHFLOW

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IMPROVED ALIGNMENT AMONG LEADERSHIP

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IMPROVED CLARITY IN FINANCIALS AND FINANCIAL WELL BEING

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IMPROVED STRATEGIC FOCUS

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GREATER ACCOUNTABILITY AMONG LEADERSHIP

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IMPROVED MULTIPLE FOR BUSINESS VALUATION

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