Who will be able to afford you?
Business Advisory Services Update
Welcome to 2023/24 financial year!
This is a great time for a business review for your accountancy/bookkeeping firm, covering the following areas:
- Specialities
- Team attraction and retention
- Where does your profit come from?
- Client analysis on an individual client basis.
- Fees/margins/yields
- Industry knowledge
- What type of SMEs might be receptive to your Business Advisory input?
- What do clients want?
- Help with strategic reviews, planning and budgeting
- Understanding what the business will look like in A few years’ time?
- Increased profits and cash flows
- Less stress and more control in their business?
- What do clients need?
- Compliance efficiency
- Help meeting government regulations?
- How do you communicate about your services?
- Regular newsletters
- Website that is current and has interesting articles
- One-on-one needs reviews with clients
- Webinars/podcasts
- What type of work do you want to do?
- Compliance dominance?
- Lots of small clients?
- Difficulty recruiting experienced team members?
- Business advisory services relationships
- Less clients?
- Fixed fee agreements?
- Interesting work? Help with talent attraction and retention?
Planning is important!
If you haven’t already completed your plans for this new financial year – now is the time to develop plans for your firm.
ESS BIZTOOLS has developed a wide range of services, to assist accountants who are wishing to undertake some diversification activities, to introduce a range of Advisory Services which will benefit your clients, team members and firm.
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.
ESS BIZTOOLS is offering an outstanding package with a special new financial year incentive, to assist small accounting/bookkeeping firms to get started delivering advisory services. Click here to find out more about our Starter Package and to subscribe.
If you are not a small accounting firm and already have some experience in offering advisory services, click here to find out more about our special new financial year offer on Advanced Package.
