Download our ‘Benchmarking’ brochure for more information!
Have you ever wondered how your business is performing compared to your competitors? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? What is the average bottom line of your competitors?
Survival in today’s business climate requires you to spend more time working ON your business rather than working IN the business.
What is Benchmarking?
Benchmarking is a way of assessing your business’ performance by comparison. Most businesses compare financial results with budgets and history – usually last month or last year. But all these comparisons are internal.
On the other hand benchmarking compares your performance with others in your industry or related industries, so that you can measure yourself against the best, average and poorer performers. Benchmarking also allows you to assess where other businesses are doing things differently which may help you to improve your own business practices and results. We generate comparative reports and graphs that are easy to understand and we spend time with you making sure that you understand your industry averages and analysis.
You can benchmark your business against a variety of characteristics including:
- sales and turnover
- key performance indicators such as Gross Profit, Wages to Turnover and Net Profit
- pricing structures and fees
- number of customers
- staff turnover
Benchmarking is of limited value unless you use the results to improve your business. Having identified where there are weaknesses in your business, the next step is to make changes to strengthen those areas.
All business owners seek to recession proof their business and improve their profitability. The combination of value-added consulting with business intelligence software is the solution because it will produce an action plan to improve your profitability.
Contact us today about how we can benchmark your business and use the data to improve your results.
We see Financial Planning as a journey. From the early years when borrowings are high and savings must be carefully planned, through the accumulation years when debt levels reduce and savings capacity increases and finally into the retirement years when careful planning from the previous phases bears the fruit of financial security.
The need for quality financial advice has never been greater.
Evolving financial markets and regulatory regimes means more investment alternatives and clients need a financial planner that combines expertise with quality advice and service. We strive to provide integrated financial solutions, proactive advice and service in all facets of financial planning. Our detailed knowledge of the taxation laws also ensures your finances are structured in the most tax effective and secure manner.
Financial planning involves formulating a strategy tailored specifically to your financial needs and resources taking into account your age, lifestyle, investment experience, risk profile and investment time horizon.
Our aim is to assist you to secure and build your financial future. The process involves a series of meetings and discussions where our financial planners take you carefully through each step of the process:
- Initial Meeting
- Fact Finding (Information Gathering)
- Preparation of a Financial Plan (Statement of Advice)
- Meeting to Discuss the Financial Plan
- Plan Implementation
Our commitment to your financial security goes well beyond the initial financial plan. It is important not to ‘set and forget’ so as your needs and circumstances change, we adjust the original strategic recommendations to accommodate the changes in your life.
In consultation with you, we will regularly review the performance of your investments and make recommendations based on current trends, changes in laws and your circumstances. The regularity of periodic reviews will be agreed with you depending on your particular needs and circumstances.
Contact us to find out more.
Management Consulting Services
Download our ‘Will Your Business Fund Your Retirement?’ brochure for your information
Assessing the performance of all aspects of your business is an integral part of effective management and your business’ ongoing success.
Using our experience and some Key Performance Indicators we measure and monitor vital aspects of your business.
Irrespective of the size of your business, we can implement management accounting procedures to ensure a flow of regular, meaningful financial reports. The preparation of budgets, forecasts and cashflow projections ensures your business strategies are kept on track. Once completed they enable assessment of current performance against your management plans. The results can then be used to make decisions on marketing, pricing, organisational structure, overheads and capital investment.
The information we provide is of real value to business owners and is designed to provide a springboard for further action. We review the reports and discuss the strategic options for the future of your business.
Our management consulting services include:
- Business and Strategic Planning
- Growth and Profit Strategies
- Asset Protection
- Budgets, Forecasts and Cash Flow Projections
- Management Reporting
- Financial Analysis
- Costing & Pricing Strategies
- Benchmarking and KPI’s
- Succession Planning
- Practical Business Advice
Contact usfor more information.
Primary Production & Farmers
We believe Farm Accounting is a specialist area that requires an understanding of specific business, financial and taxation issues.
We come from a long line of farmers, the Anderson family were some of the original farmers to bring Jersey cattle to Australia. Our family has expanded farming through the generations to include, beef, dairy, irrigation and cropping.
We are experienced in all aspects of farm management and can assist you in a number of areas including cash flow and profit budgeting, farm business planning, finance applications and farm purchase feasibility services.
Major services we provide are:
- Farm Business Planning
- Cash Flow And Profit Budgeting
- Succession/Estate Planning
- Finance Applications – We can work with you to assess your finance requirements to provide you with maximum protection and flexibility
- Hire Purchase, Lease, Bill of Sale or Chattel Mortgage for Vehicles and Farm Equipment and Machinery
- We will also assist you to obtain the best rate of finance.