BUSINESS GROWTH SERVICES - REACH YOUR POTENTIAL
Say goodbye to growing pains — let’s tackle business growth, together.
At Ascent, we take great pride in helping businesses kick their growth goals.
When business goals are achieved, personal financial goals can also be reached too. We come alongside you as a strategic partner, offering flexible growth-based services that are simple to understand, implement, and monitor.
All our services are tailored to your unique goals, challenges, and utilise your strengths so you can get where you want to go, faster.
Strategic planning
To be successful, we need to regularly monitor the key performance indicators which ensure sustainable profitability. To stay ahead of the rest or to accelerate your business growth and profitability, consistent strategic planning needs to be incorporated into your day to day operations. Strategies include:
- Key performance indicator measurements.
- Financial and profitability analysis.
- Budgeting and forecasting.
- Business plans.
- Business acquisition and sale advice.
- Asset protection and structuring.
- Loan/debt analysis.
Business planning consulting
A comprehensive business plan not only supports appeals for bank loans, permits and other applications, but it also acts as a roadmap, directing a company’s operations and steering it towards growth. A business plan usually covers your business profile, vision, mission and goals, market research, operational strategy, products and/or services, marketing plan, and financial strategy.
Whether this is your first business venture or you’re growing your empire, Ascent Accountants can help.
Starting a new business
For new business start-ups, our planning services focus on organisational structure and creating a solid foundation, both from a financial and functional perspective.
- Formulating a Business Plan.
- Setup of tax structure.
- Tax & ASIC registrations.
- Budgeting & forecasting.
- Determining insurance requirements.
- Advice on marketing strategies.
- Implementing recordkeeping solutions.
Purchasing an existing business
Business planning for clients that are buying an established company comes under two parts; the first deals with the initial research and audits that must be conducted prior to purchase, ensuring that a good investment is being made. The second part is taking care of the legal matters and internal restructuring once ownership has been transferred.
- Review of overall business performance.
- Return on investment.
- Due diligence.
- Tax structure and tax legitimacy.
- Financial position.
- Reputation assessment.
- Industry and market research & assessment of future trends.
- Analysis and implementation of actual vs budget recording.
- KPIs.
- Division of action plans and goal setting.
- Preparation of budgets and cash flow management.
- Preparation and/or modification of business plans.
- Ensuring lodgement dates with ASIC, ATO and the Office of State Revenue are current and have been met.
Business succession planning
If you own and operate a business solely, in a partnership, with family or multiple business partners, planning your succession in advance will greatly enhance the chances of a successful result for all parties. We provide advice and guidance on how to adapt a succession plan that provides for your future security.
Ideally, a succession plan would be implemented over a five-year period with the intent to address the following issues:
- Continuity of family ownership of assets.
- Maximisation of retirement income.
- Provide retirement income/pension for retirees.
- Assist beneficiaries with financing options if required.
- Tax effective result on sale or transfer of assets.
- Review of appropriate insurance coverage.
- Provide financial security and peace of mind.
- Clarify and document the desires of all associated parties who may have conflicting opinions.
- Reduce conflict and contesting of wills after death.
