Thursday, 6 September 2012

KNOW YOUR BUSINESS...........





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.






Times are getting tougher………..

I’m passionate about what I do………are you? Most of us start our businesses because we are enthusiastic about what we are doing. During good times management is easy, and relatively speaking, so is success.

Times are changing however, and even in Australia we are going to find business life a lot more difficult over the next year or two.

Even to a casual observer it is readily apparent that times are getting much worse. Unfortunately, some would have us believe otherwise, however this is more about their own position than reality.

We have a mining tax, carbon tax, high levels of corporate administrations, high operating costs, tight capital, high government debt, sliding house prices and very low building approvals, large numbers of businesses reporting losses, retail trade in a desperate plight, commodity prices dropping alarmingly……..and more.

What can you do? Traditionally most businesses tighten the belt and try and tough their way through. Tightening the belt can be a good strategy in some ways, but it can also be a critical mistake in other ways.

What can you do? I am strongly of the opinion that the majority of SME’S and middle market businesses make what I call “accidental profits”. Too often I hear the catch phrase …”The harder you work the more successful you will be”. Reality check! There is no doubt that hard work is a key ingredient, however “Working Smart” can be the difference between staying in business and making money, versus going broke.

Working smart eliminates accidental profits (and losses) because it means that businesses thoroughly understand their financial fundamentals and how they make profits. With that knowledge they can fine tune their businesses ensuring profitability and longevity.

The Etesian Group seeks to provide niche services for SME’s and middle market enterprises aimed at assisting clients to improve their performance. Whilst Etesian looks at ALL aspects of a clients business, it is not a coaching service. Etesian is focussed on the businesses key financial fundamentals using financial and commercial tools to maximise a businesses results and to help management truly understand their business. Etesian does not replace your business coach, taxation adviser, or external accountant. Etesian works collaboratively with such consultants to maximise performance. It is however impossible for any coach or business manager to maximise a businesses performance and achieve necessary goals if the businesses underlying fundamentals are not understood, reported on or managed properly. This is the essence of any business.

“Etesian’s focus is to increase shareholder value and profit. We love to transform businesses in partnership with great management teams to create successful companies”.

Etesian offers a very broad range of services including business change and re-engineering, business sales, mergers and acquisitions, financial modelling, and advice regarding distressed assets / businesses. Etesian advises directly to Boards and CEO’s, provides business reviews, strategic advice, financial reviews, budgets and forecasting. Etesian staff are compliance experts, and can assist with company secretarial and CFO services.
At Etesian each of us has many years of experience assisting businesses in many diverse industries improve their performance. Few consultants have the track record, diversity of experience, networks and strategic and technical qualifications that through genuine cooperation with management can deliver value creating transformations to business.
Our track record includes companies involved in mining and mining services, mechanical services, pharmaceuticals and medical supplies, hospitality, MV retail and car rental, healthcare products and medication management systems, labour hire, recruitment, manufacturing, property investment and development, finance and insurance, telecommunications, legal, rural enterprises, managed investment schemes and more.
In addition to the above Etesian is able to offer operational and management reporting solutions to business and Government. To manage it, you need to be able to measure it. Information must be accurate, timely, pertinent and understandable. We can assist your business with business reporting and consulting as well as the implementation of reporting tools to allow you to better minimise costs and understand what is happening within your business.
“Know your numbers’ is a fundamental precept of business”- Bill Gates

Cheers

James Law
0409 199 547