Mature businesses are in a position to reap the benefits of experience, increased stability, access to finance, and branding and goodwill. However, with these benefits come greater demands from shareholders, employees, corporate partners, and (often) regulators.
Sharp Accounting’s experienced team works with mature businesses to navigate complex questions that arise concerning employee engagement, retention, and development, as well as market conditions, profitability and productivity, and planning for your eventual exit.
With a powerful and diverse range of knowledge, skills, and experience, the Sharp Accounting team delivers business solutions to make your business and personal wealth goals a reality. We prioritise stability, predictability, and data-driven decision-making in business to help you achieve a more profitable future.
Business Accounting Services for Mature Companies
- Tax Planning and Business Services
Tax planning helps you meet reporting requirements while minimising your tax obligations to only what you must legally pay.
- Strategic Planning
Let us gather the data and information you need to make impactful decisions to grow your business.
- Financial Forecasting
Make strategic decisions for your business today with financial forecasting that considers likely financial outcomes for you at strategic future intervals.
- Business Planning & Advisory
Place our experienced and multidisciplinary team at your disposal with our business advisory services and benefit from our wealth of insight.
- Mergers & Acquisitions
You want our experienced accountants on your side when considering a merger or acquisition to aid with due diligence, financial negotiations, and tax minimisation.
- Financing and Debt Funding
Established businesses have easier access to financing and investment. Work with us to assess your options and intelligently structure your debt.
- Business Valuation
Work with us to consider your business viability and future profit projections, so you can make measured decisions based on data.
- Wealth Creation
Invest intelligently for your future with growth and business advisory services and self-managed superannuation fund management.
- Succession Planning
Being financially prepared for your retirement is one thing, being ready to transition your business to a new owner is another. Get ready for both with Sharp.
- Waste and Profit Reviews
We’ll analyse how efficiently your business expenses are being used to generate profits and provide recommendations.
Common Questions from Mature Businesses
What is a business advisory board and how can having one help mature businesses?
Do you ever find yourself asking questions about your finances or your future:
- What will your business look like in 12 months?
- Will your business be in a good position when you retire in 5 or 10 years?
- Is your business planning robust and future-focused? Have you been given the right advice – or should you consider a second opinion?
- How can my business recover from this failed project/economic downturn/etc?
If so, you would benefit from a business advisory board.
We act as a sounding board for businesses, bringing to the relationship years of experience in business management and development. As a result, we are able to check that your business is as competitive, focused, and profitable as it can be, offering flexible strategies to address the issues affecting your business. Through modern technology, we assess and monitor the current state of your business. Having a proactive approach like this allows us to ensure we deliver sound advice to improve your bottom line.
What are some common challenges for maturing businesses and how can Sharp Accounting help?
While the challenges and pain points will vary from company to company, there are some common business challenges we assist our clients with when their company matures:
- Complex financial forecasting, including 3 to 5-year forecasts.
- Reduction of overheads and increased efficiency in business operations.
- Getting the right people in the right roles for the future.
- Promoting stability for the future.
- Looking to the future to start thinking about exit and/or succession planning.
- Minimising tax obligations.
- Considering project feasibility.
- Determining whether a merger or acquisition is the right move.
- Undertaking comprehensive risk assessments to mitigate current and future financial risk.
- Debt structuring to maintain working capital levels while undertaking increasingly expensive and/or lengthy projects.
Sharp Accounting’s team has a wealth of knowledge, skills, and experience navigating all of these challenges (and more) for our business clients. We leverage technologies, as well as our cumulative experience to implement solutions that promote stability, predictability, and data-driven decision-making in business to help you achieve a more profitable future.
With so many competing priorities, how can mature businesses select which projects, products, or services to invest in?
In a world with so much information available and so many competing priorities, it can be difficult to find focus as a business owner. Sharp Accounting’s team works with you to develop strong strategic plans that outline where you’re going as a company and, critically, it sets out the steps required to get there and the timeline for taking those steps. This accounting service offers structure, focus, and accountability to established businesses.
We explore your business goals, your strategies, and look at:
- Marketing and sales
- KPIs that fuel your business
- Your people
- Workplace culture
- Vision and strategy
- Products and services.
Then, we provide guidance about how you can improve the profitability of your business by focusing on the key drivers that can make a big difference.