Key Ideas From The 'Moment of Truth' - Part 4
Advisory Services News - Issue 55
Good day!
Welcome to this update on ESS BIZTOOLS ADVISORY SERVICES NEWS.
KEY IDEAS FROM THE ‘MOMENT OF TRUTH” – PART 4
Peter Towers, Founder and Managing Director ESS BIZTOOLS and Andrew Geddes, Joint Founder FMRC/Australian Accounting Guru, Past Public Company Chair had a discussion with the key questions being “Can we move from compliance dominance to virtual CFO Services Delivery?” and “The dawn for the new era for Accountants in Public Practice is here – Are you ready?”
The following is a continued summary of that discussion.
- ADVISORY BOARD
- Develop:
- Business Plan
- Predictive Accounting Reports
- Monitor how the business is performing.
- Skills to learn:
- Scaling Up
- Assist in running the annual Strategic Planning Meeting
- Demonstrate what the business will look like in 3 – 5 years’ time
- How to engage with the leadership Team on:
- Revenue
- Expenses
- Profit
- Borrowings
- Services being provided to customers
- Where is the business headed
- What is the business’ purpose
- What is the focus on?
- What are their values?
- Monthly targets
- What has to be “nailed” in the next three months?
- Business Strategies – list them
- Functional Responsibilities:
- Who
- What
- When
- Recruiting
- Selection
- Induction
- Marketing
- Sales
- Actual Implementation
- Pattern of meeting
- Help your client
- Create a Senior Leadership Team
- Identify Business Improvement Projects
- Meet regularly (Zoom or in person) to discuss
- NEW BUSINESS ADVISORY DIVISION
- Put your effort ad focus into receptive clients so get started:
- Improve their books, KPIs, Business Metrics
- Business Plan
- Predictive Accounting Reports
- Charge Out Rate Calculations
- Stock Mix and Mark-Up Calculations
- External funding opportunities
- Government Grants
- Research and Development
- Developing Resilience
- Reading
- Develop resilience from a mental health perspective
- You can’t control everything!
- You can control your way of thinking and reaction to things.
You can find more information by visiting www.essbiztools.com.au. An attractive subscription is currently available– details are available at www.essbiztools.com.au click on Packages and Pricing.
If you would like a one-on-one complimentary review Zoom meeting with our Founder and Managing Director, Peter Towers please send us an email:
