Do you think of yourself as an innovative accountant?
Are you ready to step up your game and offer your clients a broader range of professional services?
If you are, then let us dive into the world of virtual CFO services – an exciting way to provide real accounting support throughout the year and not just at the end of the financial year.
Thomson Reuters’ recent white paper, “Leading Australian SMEs in 2023’s Changing Economy,” suggests that “The Past Has No Future”. This powerful statement should become the new mantra for SMEs, accountants, and advisors alike.
Let us focus on strategies that will drive growth in revenue and profit for SMEs in 2023 and beyond.
To help your SME clients overcome the challenges they face, such as tight cash flow, increasing costs, and the need for growth, as their accountants you should:
- Encourage exploration of new markets for fresh customers and revenue streams.
- Advocate for regular business planning and strategy development to identify growth opportunities and set clear goals.
- Suggest alternative sources of funding, like grants, loans, or investment capital e.g. Crowd Sourced Funding Equity Raising.
- Promote government support programs and networking with mentors; and
- Support new product or service development and data analytics for better decision-making.
But where do you start?
Introducing a “52-Week Business Enhancement System” for your clients will help you regularly review these aspects. ESS BIZTOOLS is developing product packages to assist accountants in delivering virtual CFO services with a comprehensive overview of the business all year round.
Begin by understanding the client’s leadership team and their vision for the business. Then review every aspect of the company’s operations, from raw materials and inventory to marketing, sales, and customer relations. You will also need to ensure internal control processes are working effectively, staff training is delivered, and energy requirements are met.
As a virtual CFO, you can help your clients improve their business plan, manage risks, and optimise their finances. With ESS BIZTOOLS’ comprehensive product package, you will have all the tools you need to conduct a due diligence review and facilitate Business Plan preparation.
Now that you have set the stage for the “52-Week Business Enhancement System,” you are ready to dive into predictive accounting reports. Ensure the Chart of Accounts is up-to-date and covers key drivers such as inventory, debtors, creditors, and payroll. Prepare Budgets and Cash Flow Forecasts, and consider capital-raising options such as Crowd Sourced Funding Equity Raising or Venture Capital.
With your support, SMEs can thrive in 2023 and beyond. Are you up for the challenge of providing the services they need to succeed?
Ready to take the next step and revolutionize your accounting services? Explore our virtual CFO product packages at ESS BIZTOOLS and start transforming your clients’ businesses today!
For a limited time, ESS BIZTOOLS is offering a massive discount on the Advanced Package. Normally at $6,500 (including GST), you can now subscribe to this package for $2,799 (including GST). That’s a savings of $3,701!
What’s included?
- 12 months subscription
- 24/7 access to business development material
- Publishing rights
- Two (2) holiday accommodation vouchers (while vouchers last)
This “Launching Advisory” offer is available until Tuesday, 16 May 2023.
Click here to learn more and get started.
Peter Towers | ESSBIZTOOLS | peter@essbiztools.com.au
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