Virtual CFO Services
Most small businesses can’t afford to employ a dedicated Chief Financial Officer (CFO) which is why we provide comprehensive virtual CFO services. With years of international and local experience, Robert Dalton from Smarter Advisory & Accounting – Fremantle offers customised CFO services to start-ups and companies who want to plan for success.
Our focus is to guide and support businesses which have not yet grown to the point where they can appoint a CFO but want access to the best advice. Our open-access service means access to a qualified and experienced CFO is just a phone call away, talk to us about outsourced virtual CFO Services. Including:
- Financial & Management Accounting
- Cashflow Forecasting and Budgeting
- Payroll Services
- Systems advice
- Business management advice
- Strategic planning
- Expense Reduction
- Goal setting and tracking progress
- New venture risk analysis
- Measuring business growth
Business Start Ups
“Failing to plan is planning to fail” may sound trite, but it’s another pillar of business success. In the current economic environment, developing a comprehensive business plan it is more important than ever.
A well-executed business plan provides a road map for managing your business in the short to medium term and includes the flexibility to respond to external drivers. It should reflect your vision and values and encompass the technical aspects of your business, cash flow and financial accounting, your marketing strategy down to the nuts and bolts of sales, overheads and profits.
Succession and Exit Planning
Handing over or selling your business is probably the last thing on your mind when you establish or buy a new business yet how you set up your business in the first place can have a dynamic impact on how successful your business is and what you can sell it for when the time is right. Preparing to step back or sell can be an emotional time simply because we invest so much of ourselves in our businesses. This is why having impartial, professional advice to guide you through planning for and developing a succession plan and exit strategy is invaluable.
Exit planning involves putting together a strategy for you not being part of your business at some point in the future. Whether this is planned or unplanned, having a comprehensive plan in place which determines how to manage the exit or succession process is a simple way to protect yourself and your family’s future.
Buying or Selling a Business
Buying a business can be stressful without expert advice from an experienced professional. We guide you through the potential minefield of buying businesses by providing the due diligence, valuations, business appraisals and more. Supporting you with the facts and figures required to make an informed decision
Going it alone without the right advice could cost you dearly in the long term. Having an advocate who can analyse the data, run the numbers and assess the risk can make the difference between long term success or failure.
Investing in or buying or a new business is exciting. Sadly, many people get so caught up in the moment they forget to do proper due diligence. Like any sales transaction, the broker or seller will portray the business in the best light, after all, it’s in their best interests to do so. For a buyer, deciding to buy a business after a cursory look at the books is a recipe for disaster.
It is essential to see a set of professionally prepared accounts, inventory and asset register. These documents allow the purchaser to determine the financial health and viability of the company, identify any potential issues and clarify what plant and equipment is included in the sale.
Key Performance Indicators or KPIs are a tool used in workforce planning and development to manage your workforce and business’ performance. Properly constructed, KPIs are evidence-based, measurable and demonstrate how effectively a company is achieving its key business objectives.
If like many people, you struggle day to day with goals setting, progress tracking and accountability, a conversation with Robert Dalton from Smarter Advisory & Accounting – Fremantle will help you to get on track and most importantly, stay on track.
Business Health Check
With the number of Australian businesses ceasing to operate 3 years after start-up increasing significantly, knowing how your business is tracking has never been more important.
A Business Health Check from Smarter Advisory & Accounting – Fremantle is designed to help you to understand how your business is performing and where you need to focus your efforts now and in the future. If you have a feeling your business could be off-balance and you’re not sure why? Then maybe a business health check is required.
This comprehensive look at your business is objective and can be broken down into segments such as:
- Identifying strengths and weaknesses
- Identifying new growth opportunities
- Setting business goals
- Understanding and managing cash flow
- Understanding and managing risk