What price would put on great business advice and accounting advice for you small business?
The answer to that is it must always be relative to the value you receive as a result of the advice provided.
You should be able to equate the value any product or service you use to a financial benefit to your business.

Like any other investment decision you should expect a multiple return on evey dollar spent

If you are advertising and there are no new customers or sales as a result stop the exercise and find a better way.

Often when we review clients business financial we find the amount spent annually on accounting and business advice is moreless non existent. That is there just enough to address the compliance and record keeping requirements and nothing more.
At the same time we find the business owner are paid poorly for their endeavors or worse there are trading losses.
Now all of this is avoidable with good advice, a proper financial plan and budgets and regular monthly reviews.

When a business ceases to trade and goes into liquidation the creditors will agree to appoint a liquidator. The cost of this exercise can be as much as $50k which rapidly diminishes the outcome for everyone - creditors, staff, owner.

Again this situation is avoidable at a very modest cost by comparison. 

If you are experiencing any trading difficulties you most act fast and seek advice.
For every day that you leave your call to action the cost escalates rapidly.

Call us now [08] 9351 5824  chris@metrobec.com.au

Many small businesses need a reality check on how they manage the compliance requirements of the ATO in regard to their business and personal tax returns. I raise this as in the course of our business advising and accounting work we see lots of issues.
During the GFC the Federal Govt and the ATO were very proactive in assisting small business to weather the storm.
Part of the assistance was provided by way of payment arrangements on BAS payments due for BAS's lodged on time.
This was provided across the board to all businesses. This included even businesses that were being poorly run, lacked proper recording systems and that were heavily reliant on non payment of creditors including the ATO due to inadequate cashflow management, that had little to do with trading conditions.
Any small business relying on this for it's very survival needs to seriously reconsider their business strategy.
Businesses are now operating in a vastly different climate and using past practices will not get you by. 
Small business please be aware the honeymoon is well and truly over.
The ATO is now being very proactive in communicating with small businesses over late lodgement and late payment of BAS's, Payment Summaries, FBT reporting and tax returns and penalties are being applied.
Businesses need to be more accountable in a timely manner. The benefit is that with the same up-to-date financial information there is an opportunity to make real improvement in the business performance.

  

Direct experience in business and all of it's issues is a great teacher!
No more so than the process of selecting new staff members and enrolling them in your vision for your business.
Get it right and your business can take a huge leap forward with enhanced performance, profitability and personal satisfaction for all parties including your customers, your biggest advocates.
Get it wrong and the cost can be oh so very expensive, stressful and unproductive.
One of the greatest point of leverage in your business are your staff. Don't know where this quote is from but I love it!
Success is business is always a team project. Great results are rarely achieved going it alone.   

David Osborne of Profitable Personnel is a great advocate and practitioner of hiring the right person the first time around.
An hour spent with David would be very valuable for any business owner about to go through the selection process. 

Had a great meeting with David Deane-Spread CEO for Metattude www.metattude.com late last week. David is a friend of longstanding who does excellent work in developing high performance teams in larger organisations but all of what he has to say  applies equally to small businesses including our team here at the BEC.
If you have a real interest in the continuing success of your organisation have a read of his special report The Wings of Success for All Organisations Let me know if this is of interest to you and your business. The BEC can assist your business to benefit from David's expertise as a leader and team builder.