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Business Partner Programs Offer Objective Advice by tax cooloola
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Business Partner Programs Offer Objective Advice |
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Business
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Provided a fledgling business survives those difficult few years after start-up, it eventually goes through a consolidation period where the owners or managers start looking for ways to expand. This is a critical period that could make or break the business. Poor decisions now will have consequences further down the track, but being afraid to make decisions will result in business activity stagnating and profits plummeting. As much as the owner or manager would love to have a crystal ball at this time, if they look in the right place there is professional assistance and advice available which no amount of crystal gazing will provide. Many accounting firms run Business Partner Programs which go beyond the typical services provided by an Accountant Brisbane who may simply prepare the annual tax returns. These programs are an excellent way for business owners to get in-depth advice on a range of issues. Expert Advice Available on Demand A typical program will offer an expert on call to answer difficult questions relative to a particular business or scenario. Sometimes a business owner or manager may already have a solution, but would just feel more comfortable if that solution could be confirmed by someone outside the business. Alternatively, the manager may be dealing with a confidential matter and would prefer any discussions to take place with a neutral party. There may be an idea kicking around the management team that isn’t going anywhere for lack of input from an external expert. The benefit of having an external source to listen to and evaluate the idea is that feedback given through the Business Partner program will be honest, with no hidden agenda. This type of feedback is often difficult to get from employees, especially if management likes an idea that everyone else thinks is a stinker. Compare Several Programs Before Making a Decision When comparing programs prior to deciding which one suits a particular business, it is important to look at exactly what services are being offered. Some programs are fairly basic, but expensive, while others are comprehensive and competitively priced. The best program is one with a flat annual fee that incorporates things like on-call access to an accounting professional. The programs that offer untimed phone and email access are the most suitable for small business, as the owner or manager can confidently seek advice when it is needed most without having to worry about cutting the time short. Joining a Business Partner program is like gaining an experienced, objective, “silent” partner who is available to give timely, accurate and up-to-date information on a range of issues. It provides management with assurances that the information they are using to run the business is sound, and enables them to make better decisions. For any business owner wanting to expand but needing that little extra help, this program is perfect. Click here for more information.
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