Using our Business Advisory Service to improve your business
As a business owner or entrepreneur, you may be familiar with the term ‘business advisory’ but it’s not always clear what it means – or how it can benefit your business. At its core, business advisory involves providing expert advice and insights to help you make informed decisions about your company’s future. At CBHC, our team of accountants and business advisors are dedicated to providing this kind of value to our clients.
Performance metrics
One of the key components of business advisory is reporting on performance. As accountants, we have access to your financial records and we can provide detailed insights into how your business is performing. This includes everything from analysing revenue and expenses, to identifying areas where you can improve efficiency and profitability. By looking at historical data and trends, we can help you make strategic decisions about the future direction of your business.
Future planning
However, business advisory is about more than just looking back at past performance. It’s also about helping you plan for the future. At CBHC, we work closely with our clients to develop strategic plans that take into account both short-term and long-term goals. This might involve analysing market trends, identifying potential risks and exploring new growth opportunities. By taking a holistic view of your business, we can help you make informed decisions that will position you for long-term success.
Your future leadership
Another important aspect of business advisory is succession planning. If you’re like most business owners & directors, you’ve invested a lot of time and effort into building your company. But what happens when it’s time to pass the reins over to someone else? This could be through an MBO, a Trade Sale or an EOT (Employee Ownership Trust). Succession planning is all about preparing for that transition, whether it’s through selling your business or passing it on to family members or employees. At CBHC, we can help you develop a comprehensive succession plan that takes into account your personal and financial goals, as well as the needs of your business.
Market development
It’s worth noting that finance and accounting tie into most, if not all, business decisions. Whether you’re considering a major investment, exploring new markets, or planning for growth, you need to have a solid understanding of your financial position and the potential risks and rewards involved. By working with a team of experienced accountants and business advisors, you can ensure that you have the insights and expertise you need to make informed decisions about the future of your business. And, if you’d like to explore how we work with some clients as their Outsourced Finance Team, click here: CBHC’s Outsourced Finance Team (OFT) – CBHC Ltd
Use your time more efficiently & effectively
By leveraging the expertise of our business advisory service, businesses can optimise their use of time, leading to improved efficiency and better results. As experienced advisors, we understand the complexities and challenges that businesses face. We can help streamline processes, identify areas of inefficiency, and implement strategies to save time and resources. By providing valuable insights and guidance, we enable business owners to focus their time and energy on high-priority tasks and strategic decision-making. With a more efficient use of time, businesses can maximise productivity, drive growth, and achieve their goals more effectively.
People, Planet, Profit
Our Vision, here at CBHC, is about helping our clients deliver a triple bottom line – People, Planet, Profit. We help business leaders have fewer financial concerns. We support leaders so their businesses are thriving, in a strong financial position, and able to support the life goals of all their stakeholders. We believe businesses are the positive influence our communities need.
Business Advisors
We pride ourselves on being more than accountants. We are dedicated business advisors who are committed to helping our clients succeed. Whether you’re a small business owner just starting out, or a larger organisation looking to take your company to the next level, we have the knowledge and expertise to help you achieve your goals.
Ian Harris, CEO, says, “We’re here to help our clients have fewer financial concerns and advise them how to build thriving businesses. Get in touch for an informal chat and a coffee about our business advisory service.”
