Posted: 01 October 2014

Planning Services for ‘Disrupted’ Industries

Planning services for ‘disrupted’ industries is certainly a topical subject at present, following the publication of the updated Deloitte report, ‘Digital disruption – short-fuse, big bang?’ Deloitte have identified 17 industries, comprising 65% of the Australian economy, which will face significant ‘disruption’ by 2017. Introducing a business advisory services strategy to your accountancy business will give you the tools to assist the identified industries. The industries listed under the categories given by Deloitte were as follows: Short-fuse, big bang

Retail Trade
Arts and Recreation
ICT and Media
Finance
Business and Professional Services
Real Estate
Construction

Long-fuse, big bang

Education
Agriculture
Government Services
Health
Transport Imposed Utility

Short-fuse, small bang

Accommodation and Food Services
Wholesale Trade
Construction

Long-fuse, small bang

Manufacturing
Mining

One of Deloitte’s key recommendations is that businesses should replenish revenue streams. Products that are part of business advisory services, which will assist in replenishing revenue streams for SMEs, include:

analysis of your financial performance by undertaking a business health check;
debtors’ review;
budgets and cashflow forecasts preparation;
Personal Property Securities Register (PPSR) due diligence review;
business plan preparation;
due diligence review;
succession planning;
preparing your business for sale; and
buying a business.

ESS BIZTOOLS has developed introduction modules on business advisory services, to assist accountancy businesses on their journey of preparing to offer business advisory services.

Podcast 'Accountant's Minute'

Latest business advisory news for Accountants in under a minute.

Episode 006 Planning Services for ‘Disrupted’ Industries

Podcast Link:

As their trusted advisor, can you assist your SME clients with business advisory services?

To download the free material click the link below:-

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Watch out for the next episode of "Accountant's Minute" or subscribe to the podcast on iTunes for more news, ideas and tips on providing outstanding non-compliance services to SME clients.