Do you know what your SME clients need?
Business Advisory Services Update
What other needs do SMEs have that a basic external CFO service offering could meet?
What is the valuation of the business?
What 2/3 business improvement initiatives do we need to nail in the next quarter (this is business strategy in operation)?
What funding is required?
What government grants might we access?
Where could the funding come from? Loans – is there security available?
Raising capital? Crowd Sourced Funding Equity Raising? Section 708 of the Corporations Act?
If it is a young company – perhaps Early-Stage Innovation Company Capital Raising?
What risks exists and how do we mitigate them?
Can we create a Senior Leadership Team and involve our people in improving our business?
Advisory Board participation - where the financial targets are compared to actual results?
Business improvement project groups can report to the Board of Advice or Board of Directors:
- This can be done online
- Research and Development products
- Guiding a client on the innovation journey
- Export Market Development Grant application
- Succession planning
- KPI analysis
- Corporate governance
- Working capital improvement – debtors – inventory – management of cash flow
Want to know more? Andrew Geddes discussed these matters in the recent episode of ESS BIZTOOLS Business Advisory Services Podcast. A snippet discussing this particular are is featured in today’s video.
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