Is your business feeling stagnant? Struggling to find solutions to potential issues that could impact your bottom line down the road?
Navigating through challenging times can be tough, but you don’t have to do it alone.
While your finances may not be in freefall and your revenue stream might not be drying up, the absence of a clear direction for your business can be just as concerning. Sometimes, what you need is a fresh perspective and a guiding hand.
The benefits of engaging a professional adviser
Sometimes, the most valuable insights come from an external viewpoint. Business advisers, often specialists in various fields such as accounting, business banking, financial planning or commercial law, can offer tailored advice and strategies to address specific areas of concern. Alternatively, you can engage a business adviser who takes a holistic approach, considering your overall business goals and long-term strategies.
The beauty of engaging a business adviser is the flexibility it offers. You can bring them on board for a one-time consultation to tackle a specific challenge or engage them on an ongoing basis for continuous support.
For focused solutions to specific issues, a one-time consultation with a business adviser is a cost-effective choice. However, if you seek long-term support backed by years of experience and a forward-thinking perspective, ongoing advice may be the better fit.
A business adviser injects fresh ideas into your business based on an objective analysis of your current performance and circumstances. These experts in their respective fields can provide specialised guidance, informed by previous consultations or future planning sessions.
Take, for instance, the role of an accountant acting as a business adviser. They can offer strategic and financial counsel, covering areas like profitability enhancement, tax planning, and performance optimisation. These factors are essential for your business’s sustainability and readiness for whatever challenges lie ahead.
Let’s consider the scenario where you plan to sell your business. Your contracted accountant should be able to outline the tax implications, asset considerations, business valuation and potential concessions that might apply. An adviser who offers timely and pertinent financial guidance can make a significant difference in the long-term success of your business. They can assist you in setting and achieving business goals, preparing for adversity, and even navigating the complexities of bankruptcy, if necessary.
How we can support you
Are you looking to secure your business’s financial future or seeking expertise in tax matters? The team at KMT Partners are here to support you.
About our advisers:
Chrisanthe Lekatis is renowned for her expertise in management accounting, virtual CFO services, and top-tier business advice. Chrisanthe’s passion lies in process improvement, as she combines her analytical prowess with adaptability to explore avenues for business sustainability. By deeply understanding her clients’ businesses and goals, Chrisanthe empowers management with tailored strategies for success, streamlining processes to achieve efficient and cost-effective outcomes.
Michael Fox has been dedicated to the success of his clients, devising comprehensive wealth strategies for both personal and business growth for over 30 years. With extensive expertise in business governance and family business succession, Michael specialises in empowering emerging businesses and family enterprises by fostering renewal, enhancing value and smooth transitions to the next generation.
This is general advice only and does not take into account your financial circumstances, needs and objectives. Before making any decision based on this document, you should assess your own circumstances or seek tax advice from a qualified accountant at KMT Partners. Information is current at the date of issue and may change.