Posted: 30 March 2015 # Portfolio Allocations Business operations cover a wide number of activities. In fact, I’ve identified that there are 17 key function headings (with numerous subheadings) of running a business in 2015. These include: - Research and Development - Product - Supplies - Human Resources - Manufacturing and Preparation - Commercialisation Strategies - Information Technology - Marketing - Customers - Sales - Accounting - Financial - Corporate Governance - Premises - Government Grants - Taxation - Shareholders [![Australian Governement Grant](https://www.essbiztools.com.au/images/zoo/blogs/2013/03/4-03-2013-8-11-26-PM-297x300.png)](https://www.essbiztools.com.au/images/zoo/blogs/2013/03/4-03-2013-8-11-26-PM.png)For businesses to be successful, they will need assistance to ensure each of these key functions is appropriately dealt with. Most small/medium enterprise operators will need assistance to understand the intricacies of each of these portfolio allocations. This is part of a business advisory service that can be delivered by accountants in 2015. # Podcast '[Accountant's Minute](https://itunes.apple.com/au/podcast/accountantsminutes-podcast/id912319753?mt=2&ign-mpt=uo%3D4)' ## Latest business advisory news for Accountants in under a minute. ### Episode 019 Portfolio Allocations 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:- {snippet free-report} 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. #### ESS BIZTOOLS Blogs ### Recent Posts... [![Understanding the True Cost of Labour](https://www.essbiztools.com.au/media/yootheme/cache/98/am469banner-9837df31.jpg "Understanding the True Cost of Labour")](https://www.essbiztools.com.au/ess-biztools-blogs/understanding-the-true-cost-of-labour) [Understanding the True Cost of Labour](https://www.essbiztools.com.au/ess-biztools-blogs/understanding-the-true-cost-of-labour) [![Advisory Services In Action](https://www.essbiztools.com.au/media/yootheme/cache/62/am468banner-62a14bfb.jpg "Advisory Services In Action")](https://www.essbiztools.com.au/ess-biztools-blogs/advisory-services-in-action) [Advisory Services In Action](https://www.essbiztools.com.au/ess-biztools-blogs/advisory-services-in-action) [![Unlock Your Virtual CFO Advisory Opportunity](https://www.essbiztools.com.au/media/yootheme/cache/48/am467banner-484fb152.jpg "Unlock Your Virtual CFO Advisory Opportunity")](https://www.essbiztools.com.au/ess-biztools-blogs/unlock-your-virtual-cfo-advisory-opportunity) [Unlock Your Virtual CFO Advisory…](https://www.essbiztools.com.au/ess-biztools-blogs/unlock-your-virtual-cfo-advisory-opportunity) [![Are Your Tradie Clients Charging Enough For Profit?](https://www.essbiztools.com.au/media/yootheme/cache/07/am466banner-074deba7.jpg "Are Your Tradie Clients Charging Enough For Profit?")](https://www.essbiztools.com.au/ess-biztools-blogs/are-your-tradie-clients-charging-enough-for-profit) [Are Your Tradie Clients Charging Enough…](https://www.essbiztools.com.au/ess-biztools-blogs/are-your-tradie-clients-charging-enough-for-profit) [![Are Your SME Clients Managing Debtors Effectively?](https://www.essbiztools.com.au/media/yootheme/cache/ab/am465banner-abbd7953.jpg "Are Your SME Clients Managing Debtors Effectively?")](https://www.essbiztools.com.au/ess-biztools-blogs/are-your-sme-clients-managing-debtors-effectively) [Are Your SME Clients Managing Debtors…](https://www.essbiztools.com.au/ess-biztools-blogs/are-your-sme-clients-managing-debtors-effectively) [![Why Advisory Starts With ESS BIZTOOLS](https://www.essbiztools.com.au/media/yootheme/cache/4d/am464banner-4dedb597.jpg "Why Advisory Starts With ESS BIZTOOLS")](https://www.essbiztools.com.au/ess-biztools-blogs/why-advisory-starts-with-ess-biztools) [Why Advisory Starts With ESS BIZTOOLS](https://www.essbiztools.com.au/ess-biztools-blogs/why-advisory-starts-with-ess-biztools) [![Benchmarking and Valuation for Advisory Growth](https://www.essbiztools.com.au/media/yootheme/cache/fb/am463banner-fbfc65a4.jpg "Benchmarking and Valuation for Advisory Growth")](https://www.essbiztools.com.au/ess-biztools-blogs/benchmarking-and-valuation-for-advisory-growth) [Benchmarking and Valuation for Advisory…](https://www.essbiztools.com.au/ess-biztools-blogs/benchmarking-and-valuation-for-advisory-growth) [![Debtors Management: An Advisory Service Every SME Needs](https://www.essbiztools.com.au/media/yootheme/cache/36/am462banner-36bb3bf1.jpg "Debtors Management: An Advisory Service Every SME Needs")](https://www.essbiztools.com.au/ess-biztools-blogs/debtors-management-an-advisory-service-every-sme-needs) [Debtors Management: An Advisory Service…](https://www.essbiztools.com.au/ess-biztools-blogs/debtors-management-an-advisory-service-every-sme-needs) [![The Advisory Services Sales Challenge](https://www.essbiztools.com.au/media/yootheme/cache/7a/am461banner-7a6ee64b.jpg "The Advisory Services Sales Challenge")](https://www.essbiztools.com.au/ess-biztools-blogs/the-advisory-services-sales-challenge) [The Advisory Services Sales Challenge](https://www.essbiztools.com.au/ess-biztools-blogs/the-advisory-services-sales-challenge) [![Practical Advisory Support for SME Start-Ups](https://www.essbiztools.com.au/media/yootheme/cache/f8/am460banner-f810f0e9.jpg "Practical Advisory Support for SME Start-Ups")](https://www.essbiztools.com.au/ess-biztools-blogs/practical-advisory-support-for-sme-start-ups) [Practical Advisory Support for SME…](https://www.essbiztools.com.au/ess-biztools-blogs/practical-advisory-support-for-sme-start-ups) [![How Benchmarking Reveals Hidden Profit Opportunities](https://www.essbiztools.com.au/media/yootheme/cache/34/am459banner-3450d39d.jpg "How Benchmarking Reveals Hidden Profit Opportunities")](https://www.essbiztools.com.au/ess-biztools-blogs/how-benchmarking-reveals-hidden-profit-opportunities) [How Benchmarking Reveals Hidden Profit…](https://www.essbiztools.com.au/ess-biztools-blogs/how-benchmarking-reveals-hidden-profit-opportunities) [![Shrinkage and Budgeting: Protecting SME Cash Flow](https://www.essbiztools.com.au/media/yootheme/cache/bf/am458banner-bf45cf0d.jpg "Shrinkage and Budgeting: Protecting SME Cash Flow")](https://www.essbiztools.com.au/ess-biztools-blogs/shrinkage-and-budgeting-protecting-sme-cash-flow) [Shrinkage and Budgeting: Protecting SME…](https://www.essbiztools.com.au/ess-biztools-blogs/shrinkage-and-budgeting-protecting-sme-cash-flow) [![The Engine Room of Business Advisory](https://www.essbiztools.com.au/media/yootheme/cache/52/am457banner-52f3ff1b.jpg "The Engine Room of Business Advisory")](https://www.essbiztools.com.au/ess-biztools-blogs/the-engine-room-of-business-advisory) [The Engine Room of Business Advisory](https://www.essbiztools.com.au/ess-biztools-blogs/the-engine-room-of-business-advisory) [![Helping SMEs Navigate Cash Flow Pressure](https://www.essbiztools.com.au/media/yootheme/cache/4d/am456banner-4da9d4db.jpg "Helping SMEs Navigate Cash Flow Pressure")](https://www.essbiztools.com.au/ess-biztools-blogs/helping-smes-navigate-cash-flow-pressure) [Helping SMEs Navigate Cash Flow Pressure](https://www.essbiztools.com.au/ess-biztools-blogs/helping-smes-navigate-cash-flow-pressure) [![Supply Chains and Cash Flow Survival](https://www.essbiztools.com.au/media/yootheme/cache/cd/am455banner-cd8d83d0.jpg "Supply Chains and Cash Flow Survival")](https://www.essbiztools.com.au/ess-biztools-blogs/supply-chains-and-cash-flow-survival) [Supply Chains and Cash Flow Survival](https://www.essbiztools.com.au/ess-biztools-blogs/supply-chains-and-cash-flow-survival) [![Why Advisory Services Matter More Than Ever](https://www.essbiztools.com.au/media/yootheme/cache/c8/am454banner-c88c183a.jpg "Why Advisory Services Matter More Than Ever")](https://www.essbiztools.com.au/ess-biztools-blogs/why-advisory-services-matter-more-than-ever) [Why Advisory Services Matter More Than…](https://www.essbiztools.com.au/ess-biztools-blogs/why-advisory-services-matter-more-than-ever) [![Talent Retention Starts With Advisory Services](https://www.essbiztools.com.au/media/yootheme/cache/65/am453banner-65f62b21.jpg "Talent Retention Starts With Advisory Services")](https://www.essbiztools.com.au/ess-biztools-blogs/talent-retention-starts-with-advisory-services) [Talent Retention Starts With Advisory…](https://www.essbiztools.com.au/ess-biztools-blogs/talent-retention-starts-with-advisory-services) [![SME Survival Starts With You](https://www.essbiztools.com.au/media/yootheme/cache/22/am452banner-22ac26d5.jpg "SME Survival Starts With You")](https://www.essbiztools.com.au/ess-biztools-blogs/sme-survival-starts-with-you) [SME Survival Starts With You](https://www.essbiztools.com.au/ess-biztools-blogs/sme-survival-starts-with-you) [![From Compliance to Virtual CFO Leadership](https://www.essbiztools.com.au/media/yootheme/cache/15/am451banner-15c741fd.jpg "From Compliance to Virtual CFO Leadership")](https://www.essbiztools.com.au/ess-biztools-blogs/from-compliance-to-virtual-cfo-leadership) [From Compliance to Virtual CFO…](https://www.essbiztools.com.au/ess-biztools-blogs/from-compliance-to-virtual-cfo-leadership) [![The Talent Crisis in Accounting Firms](https://www.essbiztools.com.au/media/yootheme/cache/70/am450banner-7054eff9.jpg "The Talent Crisis in Accounting Firms")](https://www.essbiztools.com.au/ess-biztools-blogs/the-talent-crisis-in-accounting-firms) [The Talent Crisis in Accounting Firms](https://www.essbiztools.com.au/ess-biztools-blogs/the-talent-crisis-in-accounting-firms) [![The 85% Advisory Gap in Accounting Firms](https://www.essbiztools.com.au/media/yootheme/cache/97/am449banner-9723b44e.jpg "The 85% Advisory Gap in Accounting Firms")](https://www.essbiztools.com.au/ess-biztools-blogs/the-85-advisory-gap-in-accounting-firms) [The 85% Advisory Gap in Accounting Firms](https://www.essbiztools.com.au/ess-biztools-blogs/the-85-advisory-gap-in-accounting-firms) [![Start Advisory Services Without Changing Your Firm](https://www.essbiztools.com.au/media/yootheme/cache/de/am448banner-deaaeb54.jpg "Start Advisory Services Without Changing Your Firm")](https://www.essbiztools.com.au/ess-biztools-blogs/start-advisory-services-without-changing-your-firm) [Start Advisory Services Without…](https://www.essbiztools.com.au/ess-biztools-blogs/start-advisory-services-without-changing-your-firm) [![Helping SMEs Navigate Tough Business Conditions](https://www.essbiztools.com.au/media/yootheme/cache/16/am447banner-16d3cc5c.jpg "Helping SMEs Navigate Tough Business Conditions")](https://www.essbiztools.com.au/ess-biztools-blogs/helping-smes-navigate-tough-business-conditions) [Helping SMEs Navigate Tough Business…](https://www.essbiztools.com.au/ess-biztools-blogs/helping-smes-navigate-tough-business-conditions) [![Starting the Journey: Where Advisory Really Begins](https://www.essbiztools.com.au/media/yootheme/cache/65/am446banner-654085c5.jpg "Starting the Journey: Where Advisory Really Begins")](https://www.essbiztools.com.au/ess-biztools-blogs/starting-the-journey-where-advisory-really-begins) [Starting the Journey: Where Advisory…](https://www.essbiztools.com.au/ess-biztools-blogs/starting-the-journey-where-advisory-really-begins) [![Transforming Client Relationships Through Advisory Services](https://www.essbiztools.com.au/media/yootheme/cache/51/am445banner-518c5c26.jpg "Transforming Client Relationships Through Advisory Services")](https://www.essbiztools.com.au/ess-biztools-blogs/transforming-client-relationships-through-advisory-services) [Transforming Client Relationships…](https://www.essbiztools.com.au/ess-biztools-blogs/transforming-client-relationships-through-advisory-services) [![The Path to Key Strategic Partner Status](https://www.essbiztools.com.au/media/yootheme/cache/ec/am444banner-ecf4fbf4.jpg "The Path to Key Strategic Partner Status")](https://www.essbiztools.com.au/ess-biztools-blogs/the-path-to-key-strategic-partner-status) [The Path to Key Strategic Partner Status](https://www.essbiztools.com.au/ess-biztools-blogs/the-path-to-key-strategic-partner-status) [![Turn Advisory Into Your Firm's Growth Engine](https://www.essbiztools.com.au/media/yootheme/cache/6f/am443banner-6f5be189.jpg "Turn Advisory Into Your Firm's Growth Engine")](https://www.essbiztools.com.au/ess-biztools-blogs/turn-advisory-into-your-firms-growth-engine) [Turn Advisory Into Your Firm's Growth…](https://www.essbiztools.com.au/ess-biztools-blogs/turn-advisory-into-your-firms-growth-engine) [![Close the Gap to Top 20% Performance](https://www.essbiztools.com.au/media/yootheme/cache/ef/am442banner-ef4d9f28.jpg "Close the Gap to Top 20% Performance")](https://www.essbiztools.com.au/ess-biztools-blogs/close-the-gap-to-top-20-performance) [Close the Gap to Top 20% Performance](https://www.essbiztools.com.au/ess-biztools-blogs/close-the-gap-to-top-20-performance) [![Advisory Services Are Sold - Not Bought](https://www.essbiztools.com.au/media/yootheme/cache/a2/am441banner-a29e9019.jpg "Advisory Services Are Sold - Not Bought")](https://www.essbiztools.com.au/ess-biztools-blogs/advisory-services-are-sold-not-bought) [Advisory Services Are Sold - Not Bought](https://www.essbiztools.com.au/ess-biztools-blogs/advisory-services-are-sold-not-bought) [![Achieving The Change Your Firm Wants To See](https://www.essbiztools.com.au/media/yootheme/cache/96/am440banner-96d92355.jpg "Achieving The Change Your Firm Wants To See")](https://www.essbiztools.com.au/ess-biztools-blogs/achieving-the-change-your-firm-wants-to-see) [Achieving The Change Your Firm Wants To…](https://www.essbiztools.com.au/ess-biztools-blogs/achieving-the-change-your-firm-wants-to-see) [![Be The Change You Want To See](https://www.essbiztools.com.au/media/yootheme/cache/8d/am439banner-8d5aa800.jpg "Be The Change You Want To See")](https://www.essbiztools.com.au/ess-biztools-blogs/be-the-change-you-want-to-see-2) [Be The Change You Want To See](https://www.essbiztools.com.au/ess-biztools-blogs/be-the-change-you-want-to-see-2) [![Lead SMEs Through the Innovation Journey: Final Part](https://www.essbiztools.com.au/media/yootheme/cache/f0/am438banner-f05cd606.jpg "Lead SMEs Through the Innovation Journey: Final Part")](https://www.essbiztools.com.au/ess-biztools-blogs/lead-smes-through-the-innovation-journey-final-part) [Lead SMEs Through the Innovation…](https://www.essbiztools.com.au/ess-biztools-blogs/lead-smes-through-the-innovation-journey-final-part) [![Lead SMEs Through the Innovation Journey: Part 3](https://www.essbiztools.com.au/media/yootheme/cache/95/am437banner-958e4698.jpg "Lead SMEs Through the Innovation Journey: Part 3")](https://www.essbiztools.com.au/ess-biztools-blogs/lead-smes-through-the-innovation-journey-part-3) [Lead SMEs Through the Innovation…](https://www.essbiztools.com.au/ess-biztools-blogs/lead-smes-through-the-innovation-journey-part-3) [![Lead SMEs Through the Innovation Journey: Part 2](https://www.essbiztools.com.au/media/yootheme/cache/7d/am436banner-7d2513df.jpg "Lead SMEs Through the Innovation Journey: Part 2")](https://www.essbiztools.com.au/ess-biztools-blogs/lead-smes-through-the-innovation-journey-part-2) [Lead SMEs Through the Innovation…](https://www.essbiztools.com.au/ess-biztools-blogs/lead-smes-through-the-innovation-journey-part-2) [![BLACK FRIDAY FEATURE ARTICLE: Lead SMEs Through the Innovation Journey](https://www.essbiztools.com.au/media/yootheme/cache/ac/am435banner-ac1e6859.jpg "BLACK FRIDAY FEATURE ARTICLE: Lead SMEs Through the Innovation Journey")](https://www.essbiztools.com.au/ess-biztools-blogs/black-friday-feature-article-lead-smes-through-the-innovation-journey) [BLACK FRIDAY FEATURE ARTICLE: Lead SMEs…](https://www.essbiztools.com.au/ess-biztools-blogs/black-friday-feature-article-lead-smes-through-the-innovation-journey) [![Empower Tradies With Stronger Pricing Strategies](https://www.essbiztools.com.au/media/yootheme/cache/e3/am434banner-e32447fc.jpg "Empower Tradies With Stronger Pricing Strategies")](https://www.essbiztools.com.au/ess-biztools-blogs/empower-tradies-with-stronger-pricing-strategies) [Empower Tradies With Stronger Pricing…](https://www.essbiztools.com.au/ess-biztools-blogs/empower-tradies-with-stronger-pricing-strategies) [![Transform Into Key Strategic Partner](https://www.essbiztools.com.au/media/yootheme/cache/ca/am433banner-cae069c6.jpg "Transform Into Key Strategic Partner")](https://www.essbiztools.com.au/ess-biztools-blogs/transform-into-key-strategic-partner) [Transform Into Key Strategic Partner](https://www.essbiztools.com.au/ess-biztools-blogs/transform-into-key-strategic-partner) [![The Road to Advisory Excellence Starts Now](https://www.essbiztools.com.au/media/yootheme/cache/e2/am432banner-e2178baa.jpg "The Road to Advisory Excellence Starts Now")](https://www.essbiztools.com.au/ess-biztools-blogs/the-road-to-advisory-excellence-starts-now) [The Road to Advisory Excellence Starts…](https://www.essbiztools.com.au/ess-biztools-blogs/the-road-to-advisory-excellence-starts-now) [![Your Launchpad into Business Advisory Services](https://www.essbiztools.com.au/media/yootheme/cache/64/am431banner-64f247b1.jpg "Your Launchpad into Business Advisory Services")](https://www.essbiztools.com.au/ess-biztools-blogs/your-launchpad-into-business-advisory-services) [Your Launchpad into Business Advisory…](https://www.essbiztools.com.au/ess-biztools-blogs/your-launchpad-into-business-advisory-services) [![Boost Business Sale Value for SMEs](https://www.essbiztools.com.au/media/yootheme/cache/7b/am430banner-7b6b0cbe.jpg "Boost Business Sale Value for SMEs")](https://www.essbiztools.com.au/ess-biztools-blogs/boost-business-sale-value-for-smes) [Boost Business Sale Value for SMEs](https://www.essbiztools.com.au/ess-biztools-blogs/boost-business-sale-value-for-smes) [![Guide SMEs to Growth Through Crowd Sourced Funding](https://www.essbiztools.com.au/media/yootheme/cache/bc/am429banner-bc3619fd.jpg "Guide SMEs to Growth Through Crowd Sourced Funding")](https://www.essbiztools.com.au/ess-biztools-blogs/guide-smes-to-growth-through-crowd-sourced-funding) [Guide SMEs to Growth Through Crowd…](https://www.essbiztools.com.au/ess-biztools-blogs/guide-smes-to-growth-through-crowd-sourced-funding) [![The Hidden Gaps in Business Buyers' Knowledge](https://www.essbiztools.com.au/media/yootheme/cache/f3/am428banner-f3aa7877.jpg "The Hidden Gaps in Business Buyers' Knowledge")](https://www.essbiztools.com.au/ess-biztools-blogs/the-hidden-gaps-in-business-buyers-knowledge) [The Hidden Gaps in Business Buyers'…](https://www.essbiztools.com.au/ess-biztools-blogs/the-hidden-gaps-in-business-buyers-knowledge) [![R&D Tax Incentive: Advisory Opportunity for Your Firm](https://www.essbiztools.com.au/media/yootheme/cache/0d/am427banner-0d79af38.jpg "R&D Tax Incentive: Advisory Opportunity for Your Firm")](https://www.essbiztools.com.au/ess-biztools-blogs/r-d-tax-incentive-advisory-opportunity-for-your-firm) [R&D Tax Incentive: Advisory Opportunity…](https://www.essbiztools.com.au/ess-biztools-blogs/r-d-tax-incentive-advisory-opportunity-for-your-firm) [![Debtors Management: A Strategic Advisory Opportunity](https://www.essbiztools.com.au/media/yootheme/cache/3c/am426banner-3c459110.jpg "Debtors Management: A Strategic Advisory Opportunity")](https://www.essbiztools.com.au/ess-biztools-blogs/debtors-management-a-strategic-advisory-opportunity) [Debtors Management: A Strategic…](https://www.essbiztools.com.au/ess-biztools-blogs/debtors-management-a-strategic-advisory-opportunity) [![The Blueprint to Selling Advisory Services](https://www.essbiztools.com.au/media/yootheme/cache/d0/am425banner-d0452a7b.jpg "The Blueprint to Selling Advisory Services")](https://www.essbiztools.com.au/ess-biztools-blogs/the-blueprint-to-selling-advisory-services) [The Blueprint to Selling Advisory…](https://www.essbiztools.com.au/ess-biztools-blogs/the-blueprint-to-selling-advisory-services) [![Transforming Tax Work Into Business Growth](https://www.essbiztools.com.au/media/yootheme/cache/7b/am424banner-7bbe47f6.jpg "Transforming Tax Work Into Business Growth")](https://www.essbiztools.com.au/ess-biztools-blogs/transforming-tax-work-into-business-growth) [Transforming Tax Work Into Business…](https://www.essbiztools.com.au/ess-biztools-blogs/transforming-tax-work-into-business-growth) [![Building Future-Ready Advisory Firms](https://www.essbiztools.com.au/media/yootheme/cache/fe/am423banner-fe3277a2.jpg "Building Future-Ready Advisory Firms")](https://www.essbiztools.com.au/ess-biztools-blogs/building-future-ready-advisory-firms) [Building Future-Ready Advisory Firms](https://www.essbiztools.com.au/ess-biztools-blogs/building-future-ready-advisory-firms) [![The Rise of Business Advisory Sevices](https://www.essbiztools.com.au/media/yootheme/cache/f4/am422banner-f4d727b2.jpg "The Rise of Business Advisory Sevices")](https://www.essbiztools.com.au/ess-biztools-blogs/the-rise-of-business-advisory-sevices) [The Rise of Business Advisory Sevices](https://www.essbiztools.com.au/ess-biztools-blogs/the-rise-of-business-advisory-sevices) [![Smart Pricing Strategies: The Key to SME Profitability](https://www.essbiztools.com.au/media/yootheme/cache/c4/am421banner-c4cfb7ab.jpg "Smart Pricing Strategies: The Key to SME Profitability")](https://www.essbiztools.com.au/ess-biztools-blogs/smart-pricing-strategies-the-key-to-sme-profitability) [Smart Pricing Strategies: The Key to…](https://www.essbiztools.com.au/ess-biztools-blogs/smart-pricing-strategies-the-key-to-sme-profitability) [![Profits Begin With The Right Price](https://www.essbiztools.com.au/media/yootheme/cache/df/am420worth-dfda54a2.jpg "Profits Begin With The Right Price")](https://www.essbiztools.com.au/ess-biztools-blogs/profits-begin-with-the-right-price) [Profits Begin With The Right Price](https://www.essbiztools.com.au/ess-biztools-blogs/profits-begin-with-the-right-price) #### Tags used in post...