Member - Australian Society of
Certified Practicing Accountants
When a business concept is evolved it is necessary to determine how the business will achieve its ultimate goals of being successful. It is through a business plan that the business owners determine how the business will survive and grow.
Components of a business plan:
- Determine the mission of the business
- Determine what product or service your business will sell and what management team you will have
- Undertake a SWOT analysis of the business
- Determine what assets are required in the business
- Determine what working capital is required
- Determine how you are going to match your product or service to the market
- Determine how you are going to finance the setup and working capital required
We can assist you in developing your business plan so as you are focused on your business objectives and increase your chances of survival and growth
Cash Flow Projections
No business can survive without cash flow. The incorporation of a cash flow projection into your business plans will enable you to achieve the following:-
- Forecast in advance when your business will experience cash flow problems
- Give you a measuring stick to evaluate the performance of your business
- Assist you in determining whether you finance your working capital with short term or long term debt
- Assist you in gaining finance from lenders
"When Adam & I where contemplating starting our own business we looked to the professional expertise of Mark Neaverson & Associates to assist us in setting up our business in the right structure that would protect our family home & minimize our future tax liability.
Mark then assisted me in setting up our accounting system that would enable us to control our cash flow, measure our performance and provide Mark with accurate information to enable him to comply with the legislative nightmare that Government imposes on small business. Mark suggested that we use the MYOB accounting software and sat with me as I learned how to process our cheque butts and record our income against invoices. This was a daunting task for me as I had no prior experience with accounting software. My confidence has increased remarkably and I am now able to produce our accounting records efficiently and effectively. We now use the services of Mark Neaverson & Associates to help interpret what our business results mean and what affect a business decision will have on our bottom line. Mark Neaverson & Associates has become an integral part of our business team."
Mrs Kerri Taylor - A & K Polishing Pty Limited
