KEY BUSINESS ISSUES.........

James Law’s - Etesian Group

You can find the Etesian Group at www.etesiangroup.com.au

Contact James Law on 0409 199 547

I can also be found on Twitter and Linkedin

Location – Perth Western Australia

Client base includes Western Australia, South Australia and Northern Territory.

Key Business Issues:

Many SME’s and middle market businesses suffer from similar problems. These are generally a lack of sufficient technical advice and oversight and key advisers being too lightweight and therefore not providing the right advice at the right time.

Most business are run by entrepreneurs who are excellent at their commercial specialty, but thoroughly dependent on others to provide them with the right technical and financial advice. As a consequence basically good businesses do not achieve what they should, and indeed some go broke. Amasingly this applies to most businesses up to and including middle market businesses turning over hundreds of millions of dollars per annum. 

Over the next couple of Blogs we will identify some of the issues you should consider:

Control & Measurement:

• Does your business have a professional business plan?
• Does your business plan include a comprehensive budget? Is your budget realistic?
• Is your budget a budget or a target? Do you have separate sales targets?
• What is the strategic direction of your business? Why?
• Can you define what business / market you are in?
• Are you aware of the key fundamentals of your business? How should you measure them and how do you maximize them?
• Do you have daily cash flow controls which interact with your cash flow budget?

In the next Blog we’ll look at Performance, Compliance, & Commercial issues.