Is your business at the top of the game?

Over a decade ago a young cricketer at the Australian Cricket Academy was approached to bat whilst the Australian team were practicing in the nets nearby.  The team’s fast bowlers were asked to try and bowl out the 16 year old star of the future.

With little success after a long and tiring session the bowlers realised this teen cricketer had talent. The cricketer was the current Australian Captain, Ricky Ponting, who surpassed Allan Border as the highest ever test run scorer for Australia in July 2009.

Running a successful business is no different in some ways to being an elite sport person; you need to not only work hard but also closely with your professional advisers to ensure you and your business remains at the top of the game.

Create MORE value in your business

At atr Accountants we utilise a Valuation Program that will greatly enhance the probability of protecting and growing your business value in these uncertain times. The Program pin points opportunities for you to maximise your business value.

Your current business value    $1,000,000

Opportunity for value improvement   $250,000**

Your potential future value    $1,250,000

The Program is an assessment of your 70 key business value drivers that will make it easier for

you and your advisers to identify key strategies to improve your business value.


Value Drivers  


   Value Improvement Strategies (sample)
Benchmarking   Does your business’ average customer sale exceed industry standards?
Cash Flow     Do you offer incentives to customers for early payment of their account?
Profit     Have you examined your sales mix to improve gross profit margins?
Risk    Do you have adequate insurance to provide for your family or payout a business partner or family member, if circumstances change? 
Sales     Do your sales reports accurately identify unprofitable product/service lines or customer accounts?
Staff   Do you reward staff with a share of sales and/or profits if they achieve above budget performance?
Succession Planning 
  Does your business succession plan lock in your top performer(s) so you can spend more time doing the things you enjoy?

 

Ricky Ponting has achieved success from focusing, committing and taking on advice from influential people to improve the way he plays the game of cricket.

Contact atr Accountants to provide you with a copy of the valuation questionnaire so you can start developing your ‘game plan’ to achieve the same success.

**Results determined by completing a business valuation and sensitivity analysis using Bstar’s Business Capitalisation Rate Calculator

 

Tasmanian Innovation and Investment Fund

As part of the Australian Government’s response to the impacts of the restructuring of the forestry sector across Tasmania you may be eligible for funding assistance.

If you have a project that will generate new sustainable jobs in Tasmania you may qualify for funding of up to 50% of the project costs.

Applications close on Wednesday 14th December 2011 and will require up to date Financial Statements, Cash-flow forecasts and business plans.

For more information or assistance with your application please contact us or visit www.ausindustry.gov.au