Would you like your accountancy business to be:
“A diversified accountancy business (with a higher average fee per client) with “new income streams” complying with many SME expectations and providing varied and interesting work which will assist in team recruitment and retention”.
Would you be happy with a 30/70 target (30% of your fees being earned from non-compliance work) over the next two years?
If so, would you be happy to supply the following services?
| Service Number 1: Debtors’ Management Review | |
| For clients with high debtors’ days outstanding | Indicative fees: $900 – $1,800 plus GST |
| Service Number 2: Developing a Debtors’ Systems Manual | |
| For clients who do not have a written debtors systems manual you could prepare a customised Debtors’ Systems Manual | Indicative fees: $300 – $500 plus GST |
| Service Number 3: Protecting clients from losses through ignorance of the ramifications of not registering on the Personal Property Securities Register | |
| Conducting a Personal Property Securities Register Due Diligence Review for clients with potential exposure to losses if they have not registered customers or businesses that are holding some of their assets on the Personal Property Securities Register. | Indicative fees: $900 – $1,800 plus GST |
| Service Number 4: Company directors mentoring advice in relation to Corporate Governance | |
| For clients operating companies or proposing to raise capital who require a briefing on their duties and responsibilities. | Indicative fees: $2,000 – $10,000 plus GST |
| Service Number 5: Fast Growing Businesses | |
| For businesses with a turnover in excess of $2M or aspiring to raise capital or just want to run a sound business – Virtual Chief Financial Officer service. | Indicative fees: $10,000 – $125,000 plus GST |
| Service Number 6: Business Planning | |
| For clients who aspire to raise capital or manage a good business. | Indicative fee: $10,000 – $30,000 plus GST |
| Service Number 7: Developers of New Technology who require assistance to fund the next stage | |
| For clients who have developed new technology and now wish to raise capital so that they can proceed with commercialisation of their new product, process or service. | Indicative fee: $5,000 – $8,000 plus GST |
| Service Number 8: Investors who are interested in securing taxation benefits from investing in innovative companies | |
| These investors might be interested in considering investing in a company that has qualified as an Early Stage Innovation Company. | Indicative fee: $250 – $1,000 plus GST |
| Service Number 9: Businesses that wish to expand or purchase a new business | |
| For companies that wish to raise capital to expand their business operations. These companies could be interested in Crowd Sourced Funding Company Equity Raising mentoring. | Indicative fees: $5,000 – $10,000 plus GST |
| Service Number 10: Business operators planning retirement | |
| For businesses planning the future of their business including retirement of the key shareholder or a key person by delivering succession planning consulting service. | Indicative fee: $5,000 – $30,000 plus GST |
| Service Number 11: Wanting to buy a business | |
| There are thousands of businesses available for sale some of your clients will need assistance in analysing the businesses that are offered to them. | Indicative fees: $3,000 – $10,000 plus GST |
| Service Number 12: Wanting to sell a business | |
| Selling a business can be difficult at present – you could offer a sale of business consulting service. | Indicative fees: $3,000 – $10,000 plus GST |
| Service Number 13: Preparing Budgets and Cash Flow Forecasts | |
| Preparing Budgets and Cash Flow Forecasts to assist the business to financially plan its future. | Indicative fees: $3,000 – $10,000 plus GST |
| Service Number 14: Business reviews to check on performance | |
| Undertaking Business Health Check Reviews on business operations utilising the Business Health Check Consultancy Service. | Indicative fees: $2,000 – $5,000 plus GST |
| Service Number 15: Identification of Government Grants | |
| Assisting businesses to identify government grants that they might be eligible to apply for utilising ESS BIZGRANTS. | Indicative fee: $300 – $10,000 plus GST |
Getting started!
ESS BIZTOOLS has developed “Achieving a 30/70 Vision” as a suggested “Vision Statement” that could be adopted by accountancy businesses as part of your diversification strategies for the next few years.
In support of the “Vision Statement”, ESS BIZTOOLS has developed product packages for each of the 15 service numbers identified in this report.
You can obtain further information on this exciting package of services that your accountancy business could be earning professional fees from within two months of committing to the services supplied by ESS BIZTOOLS.
If you need further information on any aspect of the services supplied by ESS BIZTOOLS or ESS BIZGRANTS, please send me an email: peter@essbiztools.com.au or telephone 1800 232 088.
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