OUR SERVICES
Business Services
Benchmarking
Have you ever wondered how your business performs compared to your competitors? What is their average bottom line? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? Surviving in today's business climate requires you to spend more time working on your business than in it. We can provide you with accurate, timely, informative benchmarking reports that enable you to:
- See how your business compares to your competitors
- Understand more about how the rest of your industry works
- Analyse the key performance indicators in your industry
Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.
To contact us please click here.
Bookkeeping
Modern business requires up-to-date, accurate financial information. We can relieve you and your staff of the enormous burden of all your bookkeeping and accounting needs, including preparation of your annual accounts and periodic management accounts for tax, business appraisal, and planning purposes.
We will discuss your requirements with you and provide information relevant to your particular situation, as well as constructive advice, on a regular basis.
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Budgeting
A good budget is a necessity in a good business plan. It is one of the best business tools you can have, enabling you to set financial targets and measure your performance.
In addition to goal-setting value, budgets will often improve your chances of acquiring funding. Financiers often require budgets as a prerequisite for funding approval.
The techniques we utilise to form financial projections enable you to consider future scenarios and provide you with goals to strive for in your business. There are many types of budgets and we can help you design the right budget for your requirements.
Let us show you how a budget can provide feedback that helps you prepare for the future of your business.
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Business Start-Up
If you have a good idea for a new business venture but don't have expertise in the legal or financial aspects of creating a new business, we can help you:
- Decide on the most suitable structure for your business - sole trader, partnership, trust or limited company
- Prepare a business plan, cash flow projections, budgets and trading forecasts
- Assess your finance requirements, advise on the sources of finance and draw up proposals
- Establish a good working relationship with your bank
- Register for an Australian Business Number with the ATO
- Complete registration procedures with the Australian Securities and Investments Commission
- Deal with company secretarial issues
- Set up a recording system for your internal use to comply with statutory requirements
Let us help you turn your business idea into a reality!
To contact us please click here.
Cashflow Forecasting
Are you holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all your expenses every month? Surviving in today's business climate requires you to spend more time working on your business than in it.
We can provide you with accurate, timely, informative cash flow forecasting reports that enable you to:
- Realise and understand when cash is available
- Plan and prepare for expansion, stock control, and taxes
- Analyse and anticipate key expenses
Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.
To contact us please click here.
Management Consulting
Our aim is to ensure your business achieves the potential it is capable of. We have the know-how and experience to offer advice that helps you run your business more effectively.
We are practiced in acting as a sounding board for management, bringing years of experience in business growth to the relationship. We can identify key performance indicators in your business, through which you will see positive changes occurring with the help of our professional consultants.
We check that your business is as competitive, focused, and profitable as it can be, then offer flexible strategies, designed to address the issues affecting your business.
Let us give your business a health check and provide practical advice to ensure the ongoing success of your business.
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Risk Management
A multitude of risks exist in today's business environment. At MAM Advisory Group we pride ourselves in our proven ability to accurately assess risk and protect you from vulnerabilities inherent in your enterprise. An effective risk management strategy improves the performance of your business, enables you to complete goals, and protects the value of your business.
Our risk assessment includes:
- Assembling relevant information about your business and market
- Identifying the major risks facing your organisation
- Developing a risk strategy
- Implementing the risk management procedures
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Software Solutions
A decent accounting system will help you keep track of your cash flow and make completing GST returns easy.
Choosing the right system for your business can be difficult as there are over sixty different accounting packages available in Australia.
At MAM Advisory Group we invest considerable resources in ongoing staff training to ensure we can recommend the best accounting software solution for your business.
We are also BankLink Professional Advisors, MYOB Certified Consultants and Xero Gold Partners.
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Strategic Planning
The pressures of daily business can often mean strategic planning takes a back seat, but to have a successful business it is vital to plan ahead. We'll help you develop a strategic plan that examines where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.
Your strategic plan will:
- Define the characteristics of your company in three to five years
- Identify your competitors
- Define your objectives and financial goals
- Include an effective implementation strategy to achieve your goals
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