Learn from larger businesses
Business Advisory Services Update
Accountants and bookkeepers: by encouraging your SME clients to think like a “larger business”, they will understand the benefit of receiving continuous information relating to their business.
Where do we start “thinking like a larger business”?
Every business needs a Leadership Team. The number of members will definitely very depending on the business. For the vast majority of SMEs, the Leadership Team will comprise some full-time members and others who are part-time consultants with expertise in particular areas.
The designations of the leadership team would probably include:
General Manager/CEO
Products/Services Manager
Manufacturing Manager
Marketing Manager
Sales Manager
Chief Financial Officer
Office Manager
The General Manager will have a Leadership Team that covers all of the vital activities of the business from which he/she can receive continual reports, sit down and discuss issues regularly – but at least on a monthly basis – by in person or zoom meetings.
One of the priority tasks should be to prepare a document – “Who Is This Business?” Most SMEs will not have the time or the business knowledge to be able to prepare this document completely. The accounting firm offering the Chief Financial Officer (CFO) services are the ideal preparers of this document in conjunction with the leadership team.
This document should be reviewed annually at a Strategic Review Meeting.
ESS BIZTOOLS’ Product Packages assist accountants/bookkeepers to DELIVER ADVISORY SERVICES TO SMES. To find out more, contact us on 1800 232 088 or email .
