Setting up your own business can be an exciting time. However, operating a business is not just about working for yourself or working from home, it’s also about having the necessary management skills, industry expertise, technical skills, finance and of course a long-term vision to grow and succeed. Turning your dream into a reality needs a right guidance. We can coach you practical start-up business strategies to ensure you are on a right track.
While there’s no magic formula, businesses that grow successfully are proactive at dealing with markets, leadership skills, business structuring, tax structuring, debts vs equity ratio, borrowing and funding, human resources, risk management, performance optimisation, Key KPI drives , business strategies etc. Success in these areas relies on focused attention and expert advice. Whether you’re an emerging or a well-established business, we can help you to plan for business growth. We present straightforward and practical advice for the appropriate growth strategy, whether it is an organic growth or a growth through acquisition or geographic expansions or industry diversification.
Businesses cannot stay in growth stage forever, when you are experiencing signs, such as, sales figures are steady, growth rate has been slowing down, customers come to you first and not to your competitors , and you had a potential talk about another round of business expansion, leadership is not involved in every meeting, then you probably are in maturity status. How to sustain your business, keep your products or services well alive in your participating market, and perhaps stay on top for a while, or strategically expanding for another round, we can help.
Experience has taught us that there’s no right or wrong way to exit a business. However, business owners who go about the exit process in a proactive way are far more likely to achieve good results than those who react to approaches from buyers or assume that family will continue the business. Planning for your exit strategy can be a challenging and emotional time, and there are many aspects that need to be carefully considered. We can help you work out the right approach to the next stage of the business, in terms of the right structures, assessing saleability of the business, your continuing involvement, business value considerations, succession planning and private wealth advice and more.
If you are looking to buy or invest in a business and it’s essential you examine the business carefully, to ensure that you haven’t missed anything that could come back to bite you down the track. Buying or investing in any business presents a risk, but this can be mitigated through a thorough approach to due diligence services. We can help you identify and manage transaction risks and setup the right corporate structure for the acquisition. We can also ensure you develop a full understanding of what you’re buying by working with your legal advisers on contractual matters, warranties and indemnities and purchase price adjustments.
The EMDG scheme is a key Australian Government financial assistance program for aspiring and current exporters. Administered by Austrade, the scheme supports a wide range of industries. If you are a small or medium sized business and who is promoting one of the following, please do not hesitate to consult with us your eligibility for an EMDG grant.