Start-ups | Perth | Halifax Advisory

START-UP BUSINESS

There are a lot of things you need to think about when starting a business. Getting your product or service offering right is important but so is setting up your business structure, systems and financial management. The best idea in the world won’t survive for the long haul without high quality management and support.

Halifax Advisory can help you via the following services:

Business Structuring - How should you operate your new business – just your name, a company, a trust? We will explain all the options in plain English so you understand what you’re getting into and how it works.
Business plans - There’s an old saying “If you fail to plan then you plan to fail”. More than 60 percent of small businesses cease operating within the first three years of starting with the main causes being lack of planning and being under capitalised.
Budgets and cash flow forecasts - Is your idea really financially viable? Get an independent view and run some ‘what if’ scenarios to fully test your assumptions and plans and make sure they stack up.
Financing - Have you got sufficient capital to get you through the first difficult period? The ‘what if scenarios’ might reveal that you don’t have enough after all and if so when it might run out.

Establishing accounting systems - You’re only just starting so you don’t really need these right? Wrong! It’s imperative that you have good systems and controls in place from day one to ensure you know exactly how your business is tracking to plan.
Cash flow management - Cash is king, especially in the early days of a new business. Profit is a great indicator that you’re doing something right but it’s cash in the bank that pays the bills. Planning ahead will give you peace of mind that you’re meeting all your obligations on time and that there’s enough left over for you and your family.
Business Purchases - Not everyone starts their business from scratch. If you’re thinking of buying an existing business we can help make sure you don’t pay too much and that you’re getting what’s been advertised.

While our focus is the financial aspects of business, we can put you in touch with a range of experts from our trusted network to help with things such as bookkeeping, legal agreements, insurance, marketing, websites, human resources and pretty much anything else you will need to make your business a success.