What do Business Advisors Actually do?

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A good business advisor will build upon decades of experience across multiple industries, to deliver deep insights and knowledge of your business and the wider competitive landscape.

They can best be described as a knowledgeable, accessible, motivated and forward-thinking professional.  They work closely with you to achieve both your business and personal goals. Think of them as a high-end coach for your business!

Whether it is working with you to protect your assets, fund your business growth, or develop an exit strategy to maximise your return for a comfortable retirement, a business advisor will guide you through practical and innovative solutions to help you achieve both your business and personal goals. You will receive the right advice, first-time, every time, ultimately saving you time and money.

Business Health Checks

A business advisor will often carry out a Business Health Check, by conducting a one-on-one structured meeting, assessing key areas of your business, your current business structure and future goals for success. An advisor will use their knowledge and experience from dealing with a range of businesses to dig deep into your systematic processes and recommend areas for improvement that can be optimised for maximum efficiency or increased bottom line.

Multi-service Business Advisors

A multi-service business advisory firm with a comprehensive range of advisory services such as Taxation and Accounting, Audit and Assurance, Superannuation, International Services, Bookkeeping HR, WHS, Financial Planning, Superannuation, and Mortgage Broking will give you the optimal resource for your business by working holistically together to service your complete business needs and personal needs.

Insights of a Business Advisor

With confidential marketplace knowledge and competitor insights, an advisor can provide you with an understanding as to where your business stands amongst the competition. Through this insight and areas of expertise, an advisor can acknowledge your overall position whilst providing strategies to improve.

HR Capabilities

When it comes to improvement, people are at the core of your business! An advisory firm with HR capabilities can also take the headache out of having employees. This is through getting to know your business and what you stand for. Furthermore, assisting with the hiring, managing and exiting processes for your employees, to ensure you have the right people, long term for your business.

Other Areas of Support

A business advisor can also support your business in the following areas:

  • Outsourced CFO – Supporting the management or finance team of your business or filling the Financial Controller role
  • Assistance and advice on records management systems
  • Assistance with business and property acquisition including due diligence
  • Coordination and assistance with estate planning matters
  • Technological improvements and systems consultancy
  • Mediation – a legally qualified, nationally accredited mediator who can assist parties to reach agreement on a commercially practical resolution to their dispute and avoid litigation.

Information is vital for businesses to make the right decisions at the right time. A business advisor will have the knowledge, experience and expertise to provide a comprehensive suite of tailored advice and services to ensure probability, efficiency and growth for your business.

 

About the Author

Allan Hall Business Advisors is the largest Chartered Accounting firm on the Northern Beaches of Sydney and one of the largest and fastest growing non-CBD firms in Australia. You can find their FirmChecker profile here

Scott Jago
Partner, Allan Hall Business Advisors

Email[email protected]
Phone: 02 9981 2300
Contact Pagehttps://allanhall.com.au/contact-us/

 

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