BUSINESS SERVICES

Business Services

Business service covers many aspects that are required for business success. A combination of the services enables business to maximise their profits. Our business process involves conducting an analysis of the business to determine what changes or support the business needs to achieve its goals. Our initial discussion is free of charge.

Business Valuations

Many business owners have a perception of their business value only to be dissapointed at the time of eventual sale. Emotion attachment can cloud the issues. by combining our business profit strategy program with our business valuation calculator it can easily show the changes needed to build the value. However, it goes without saying that the time to do it is long before you plan to sell as you need time for the changes toi have the required impact. Our software is the starting point. Again it is amazing that the small change can have such an impact.

 

Business Valuations are needed for a variety of reasons and we can assist with the process.

Obtaining finance

Marriage breakdowns

Succession planning

Sale of business

Business growth opportunity strategies

Retirement strategies

Partnership and Shareholder buyouts

Business Structures

It is important to have the right business structure in place to ensure you are maximising your ability to create profit and ensuring that you have the correct structure for asset protection purposes and minimising liability.

Business Structures For

Asset protection

Succession planning

Tax planning

Minimising personal liability

Maximising superannuation opportunities

Accounting & Financial Management for Business

Accounting and financial management is an integral component of any business. Ensuring that your records and reporting processes are appropriate enables you to keep control of your direction and business decisions.

We support this process with advice and management meetings making sure that you have the following in place

Cash flow management

Strategies to achieve profitabilty objectives

Facilitate monthly management meetings

Setting business goals and monitoring KPI’s (Kep Performance Indicators)

Advise on the purchase and sales of business

Buying and selling a business can be a daunting task as many business owners have a perception of their business value only to be disappointed at the time of eventual sale. Emotion attachment can cloud the issues. by combining our business valuation calculator can easily show the changes needed to build the value which in turn can enhance the buying decision. removing the emotion enables you to look at the facts and make a more informed decision.

Business Valuations are needed for a variety of reasons and we can assist with the process.

Obtaining finance

Marriage breakdowns

Succession planning

Sale of business

Business growth opportunity strategies

Retirement strategies

Partnership and Shareholder buyouts

ASIC compliance requirements for companies

When it comes to operating your business and attending to your financials and reporting there are many rules and regulations that must be ASIC compliant and our service can ensure that you have them all in place in the appropriate manner.

Business Support Programs

All of our programs form part of our consulting process. they can also be used individually. To check your own profit growth potential click “Download” link below

Download

Developinf A Profit Strategy – this program enablke you to determine the percentage increases need to turn your business into the profit levels you require. it is amazing how small change can have such a large inmpact.

You can download the program free and play with the spredasheet below. put in your own figures and see the significance small changes can have on your business. It can be seen that a 5% favorable change in each of the four factors without a consequential unfavorable impact on each of the other three would result in a substantial increase in  profit.

You may want to take issue with the assumption that there are no consequential impacts. However, you cannot deny the fact that small improvements, made to each of the four factors that determine your profit, combine to give a staggering overall impact on profit. And of course, the reverse is also true. If you discount your price,  allow your sales volume to fall, fail to control your fixed costs and let your variable costs get away from you then you can destroy a potentially profitable business. This can happen very quickly. After checking your own busines by downloading the program give us a call for your free discussion to dtermine your needs.

Business valuations – many business oeners have a perception of their business value only to be dissapointed at the time of eventual sale. Emotion attachment can cloud the issues. by combining the program above with our business valuation calculator it can easilt show the changes needed to build the value. However, it goes without saying that the time to do it is long before you plan to sell as you need time for the changes toi have the required impact. Our software is the starting point. Again it is amazing that the small change can have such an imapct.

Business Health Check – the business health check is a series of questions grouped into the various sections of your business and business life. The answers to the question proved a graphical report hilighting the aeras of strengths and weakness which inturn assist in providing the direction neede fot change. It is easy to allow an overall view to lead us to ignoring the poor areas of our business. if we continue to ignore them they become significat in their impact.

Staff appraisal – this is a series of question by group that allow you to pin point in conjunction with your staff member as to the area that needs development. It removes the emotion from the discussion and focusses on the issues not the person, hence, becomes more productive.

Action Planning Management – many people know what needs to be done, however, allow the day to run away with their time and focuss. In our business life we can easily get taken away from the task at hand to address the issues that crop up in business. The action plan management tool allows us to remain focusses in the activity.

Consulting

Our process is as follow. it requires an initial discussion and is conducted with our business analysis software.

Business Plans – having a vision for the future is important when building your success. The plan is the guide for the business direction. Whilst most have an idea of where they want to go, they sometimes need clarification to formulate the vision

Strategic Action Plans – Whilst the business plan provides the vision, the action plan provides the how to and puts in place the strategies to achieve the daily goals that lead to the business vision. it will detail who will do what by when or how often.

Job Descriptions – These lead from the business vision and strructure. They define the daily responsibilities of each position tthat collectively achieve the goals.

Staff appraisals – staff appraisals are conducted as an employee development mechanism to ensure that each job is being conducted as per the plan

Goal setting – goal setting for individuals is very important in providing the direction for the individual. It assist with personal dedcision making

Activity analysis – activity analysis ensures that the correct activity is being performed. This can be measured in the form of ratios to determine the result. as the activity is corrceted the percentage achievement is measured to ensure that the development is taking the right form

Key performance measurement – KPI is critical as a measure that the business is on track towarsd its predetermined goals or objectives. Reports must be produced on a regular basis and checked to ensure the business is heading towards its vision.

SWOT analysis facilitation – is a method of analysing the Strengths, Weaknesses, Opportunities and Threats of the business. Such analysis can lead to dediding the most important aspect of the business that need working on. It can also be performed on an individual or one department within the business. It is a very simple but very effective process.

Meeting facilitation – the benfit of meeting facilitation or chairing is that we can keep the meeting on track and following an agenda to ensure that all points are covered and the facilitator si normally not emotionally invlolved which enables better control of the discussion.

Mentoring – working along side people on a regular basis assists with pinponting any specufuc individual needs and usually the mentor and employee build a strong relationship that should enhance the performance.

Our process is as follow. it requires an initial discussion and is conducted with our business analysis software.

busines analisys

YOUR COMPLETE BUSINESS PLAN

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Training

Our training courses cover the following modules and are tailored to your business needs. We are trainer and assessor qualified. Once determine the need we discuss with you the content and implementation process.

Training

Our training courses cover the following modules and are tailored to your business needs. We are trainer ans assessor qualified. Once determing the need we discuss with you the content and implementation process.

  • Sales training
  • Effective workplace relatioships
  • Building business networks
  • Customer service strategies
  • Time management
  • Implementing operational plans
  • Promoting team effectiveness
  • Develoing teams & individuals
  • Implenting continuous improvement strategies

Non for Profit Organisations

Running a not for profit business requires special knowledge of the business and taxation laws. At Henson LLoyd we have the expertise required to assist you through the processes of setting up and operating your not for profit organisation.

Auditing

Audits are a specialised service to ensure that you are compiant and that your accounts are in order.

  • Company audits
  • Professional trust audits
  • Self managed superannuation funds
  • Incorporated associations
  • Not for profit organisations

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