We use your long-term business goals to create effective and realistic business planning advice. We focus on what's really relevant to you and your business, and use financial modelling to inform our advice.
In our 40 year history, not only have we made countless business plans for our clients, but we've successfully planned our own business success.
Our team is qualified to provide a wide range of business advisory and accounting services, including business planning and personal wealth creation.
Our business planning is backed up by rigorous systems and processes which we've developed and improved over our 40 year history.
Planing for long-term success means we need to have a long-term relationship. We build strong partnerships with all our clients.
Planning for long-term business success requires clear goals and a realistic strategy for achieving them.
Our business planning team can help you set your goals, create your plan, and minimise any risk factors. After that, there's not much that can get in your way.
Our team can even travel to your premises to consult with you face-to-face. It's all part of our commitment to our clients.
We have worked with Liston Newton's Accountancy and Advisory Team for over a decade. During that time, our business has grown substantially both organically and through purchases. This wouldn’t have been possible without Liston Newton Advisory to assist with our business planning, providing proactive advice and ensuring our accounts were always compliant in a complex and volatile industry.
Liston Newton's Accountants analysed our financial and business situation and helped us implement strategies to improve our position. Their strategies turned our business from making a loss, to recording a 6-month net profit of 36 per cent. And we are now on track to show a 240 per cent increase in turnover over the next financial year.
Liston Newton helped us move our accounting over to Xero. Their Accountant managed the set up and training so we felt comfortable with the software. We now have all our processes streamlined which gives us improved visibility of our business performance. This has allowed us to open 2 more stores without a significant increase in administration effort.
We have over 40 years of experience planning successful businesses, including our own.
To get the success you're aiming for, you need a real plan. We can help.
Business plans are crucial to a startup business as they ensure you have a roadmap and some guidance on your business journey. Getting the right person to write a business plan is crucial as they need to understand the fundamentals of your business, how you operate, and where you want to get to.
When writing a business plan, you essentially need to work backwards. Determine what your end goal is, then build the plan for achieving that end goal. Your goal could be one million dollars in profit, or to generate a personal income of $100,000 per year. Catching up quarterly with your business adviser ensures you remain on track with the business plan targets you set.
Business plans should include the following:
Creating a business plan will help you gain a better understanding of your business, the customer and market conditions.
You'll be able to track and measure business performance to ensure you’re on the right track. You can also improve the likelihood of gaining financing and attracting potential investors by having detailed marketing and financial plans in place. Your business plan can convey the overall health and direction of the business.
This is one of the most common questions from young business owners. The first step from a business point of view is to make sure you have all the fundamentals of your business in place. This is crucial because if the fundamentals are not right your business will not be ready for expansion.
The fundamentals of a business include having your bookkeeping running smoothly, so you have accurate data to base your decisions on, having the right business structure to expand, and having the right people in your business to deal with the expansion.
You also need to consider how you are going to fund your expansion. Often a business will not be stockpiled with cash before an expansion so alternative financing options will be required. This may involve a financial institution such as a bank, crowdfunding or bringing in other investors to the business.
There are many reporting requirements when you hire a new employee, including:
You also need to make sure you have a signed employement contract which specifically states their working conditions, job description, rates of pay including all penalty rates, and any other entitlements such as annual and sick leave.
Ensure that you are aware of the minimum legal pay rates and allowances based on the relevant employee awards. This can often be a complicated area which you will require some professional advice on.
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