Build your financial security with OBT Financial Group – Lockyer Valley’s Business of the Year 2015 and specialist financial advisers to individuals, business owners and farming families on accounting, tax, business advice and wealth planning for over 30 years.
Growing your business means more cash for you now plus a higher sale price in the future when you decide to eventually sell your business. The last instalment of the series discusses 7 practical ways to improve your profits.
What are your revenue goals?
Setting goals is key to success but some people find it intimidating and don’t know where to start. This article includes a 6-point guide on goal setting to help you focus and specify goals. This will lead to astute business planning and will bring clarity to the year ahead. It’s never too late to set goals!
Business Gymnastics
Understanding the factors which drive increased revenue / profit / value allows management to focus their time on activities which correlate with success (or even perfection!) Here are some factors we consider really important irrespective of your industry, size or goals.
How to increase your existing customer base
Growing your business means more cash for you now plus a higher sale price in the future when you decide to eventually sell your business. This article covers how you can increase your customer base by focusing on your existing customers.
Business Management Accounts
Working with an accountant who is also a specialist business advisor to provide specific management advice makes a lot of sense, yet only a few firms are qualified and confident enough to do so. Read why.
Customer analysis
While customers are important, not all are alike. Classify yours to help you understand which groups represent the most value to your business and will help you identify your most profitable segments with target services and communications.
When did you last increase your prices?
We stress how pricing is a critical component of a profitable business and the numbers to track while improving profitability.
Understanding the RIGHT things to do in a business
Understanding the RIGHT things to do in a business is of critical importance. Business solutions from our team can help prioritise where you should allocate your time for the biggest impact.
Your business dashboard
We examine how to set and make use of Key Performance Indicators (KPI’s) to help run your business. Read why diligent preparation is important so that any actions you take will have a positive and immediate impact.
Stay close to your numbers
Find out how having a better understanding of your numbers helps you to make better business decisions.
