South East Metro - Business Enterprise Centre Inc - a one stop shop small business advice centre
The Business Enterprise Centre (BEC) is a not-for-profit organisation that provides quality, low-cost advice to start-up and established businesses. The centre is located in Welshpool, Western Australia, and is part of a national network of 110 Australian Business Enterprise Centres. The BEC has operated for over 15 years and is partially funded by the Australian government.

Just how proactive is your accountant?
Do you meet just once a year to do your tax returns and that's it?
We are seeing many small businesses who pay either a bookkeeper, a BAS agent or tax accountant to do their books.
In extreme cases the business is using a combination of all three; they do not even know each other and all work remotely at considerable expense to the client.
Incredibly the small business owner still has no real idea about the performance or real financial position of the business.
How can this be you ask?
Simply put there is no one on watch - busy yes, accountable no. Adding value to clients business - hardly.
In very many cases the process of accounting for a small business is extremely inefficient, expensive and of very low value to the business. In the background there is a very substantial real cost to the owner of the business who is sponsoring the business through long hours and having their equity position eroded.
In many cases this situation arises from a lack of knowledge - you don't know what you don't know.
The smart thing to do would be to ask someone that does to address this most urgent of situations. 

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

Small Business Accountants - Perth
Every small business should have a good working relationship with an accountant who knows and understands the needs of small business. Most importantly the accountant should be able to diagnose what the issues are with the performance of any small business - and they are always issues - and provide prompt advice to enable you to take immediate action.
The most common issues we see are lack of cashflow, low gross profit margins, inadequate working capital and business owners paying themselves more than the business can possibly afford.
If any of these issues resonate with you, you need to talk to us fast and save yourself a fortune in the process. 
Ph 9351 5824 for an appointment.

We currently have a business migrant client looking to buy a business in Western Australia. 

Their requirement is for a business with annual sales of up to $500,000 and currently employing 3-4 people.  The business should be soundly documented and all financial reports up to date. 

We can assist with financials if required.

If you, or someone you know, has a business that fits into this category please contact us to discuss.
At this time all business and industry types are being considered.
The purchasers have a strong business background and will consider any opportunity where they can add value and improve business performance.

The time-line of this opportunity is short and an early settlement is required.

If you are a first time, start-up business owner and you are considering signing an offer to lease or the lease itself, please before you do any of that come in and see us for proper advice.
A lease is a very significant and binding contract with a substantial opportunity but largely in favour of the landlord and not the tenant.
It is also likely to be the single largest financial commitment you will make after buying a house.
Just for a moment consider not just the monthly rental and outgoings which could be $2,000 - $7,000 a month or more.
The commitment  you are making is that amount x the number of months of the lease term.
So that could be 36, 48, 60 or 84 months. So in reality we are talking about a binding legal agreement of $80,000 to $600,000 in total.
It is not a level playing field and there is nowhere to hide if your business does not plan out as you believe it might.
In the event that your business goes away the financial commitment does not.
None of this should be overlooked even when you are offered rent free periods or contributions to fit-outs and other inducements.
This should not be an arena that a small business owner with very limited financial resources and no prior experience should be operating in. Of course the landlord or managing agent will not tell you that information - your due diligence is what is required to be fully informed.

Low Cost Legal Advice is rapidly becoming the most frequent request for assistance from small business.
The most apparent reason for this is that small business owners and intenders are entering into legal contracts such as leases, franchise agreements, contracts to buy & sell, business partnerships etc without proper knowledge, consideration or advice.
In many. many cases the amount of money involved is very significant and the losses involved for the business owner or now former business owners will take a very long time to get over, if that is possible. In many cases it is not.
We cannot stress enough how vital it is to get in front of an experienced business advisor and a legal practitioner to a provide proper course of action before signing anything. If at all in doubt don't.

Of greater concern to us as Business Advisors and Management Accountants is the complete lack of proper business planning, business plans, financial plans and the financial resources to sustain the business.

If you are in business, about to go into business or you know someone who is contact us - all will be very grateful for the advice they receive. 

If you are, we are very keen to meet and discuss your business ideas and goals even before you come to Perth.
We provide sound, practical business and accounting advice and local knowledge that can make a real difference to your success in business.
At the present time we are working with clients in NZ, UK and Europe such is the power of the internet.
Using Go To Meeting we can set up a time that suits you best which is almost as good as me sitting in your office wherever you may be. To book an appointment Book Here

If that is you, we are very keen to talk with you about opportunities and pitfalls of owning and managing a business anywhere in Western Australia. And we could save you a fortune in the process - it's that important. Many new arrivals in WA even with previous business experience do not appreciate that this is an entirely different market place to that of their country of origin wherever that may be. Population, location, sales volumes, demand and preferences all play a huge part in the success of any venture.
If you are buying a business please do not proceed without first talking with us.
There is no cost for a hour consultant with one of our business advisors or accountants - this valuable service is part-funded by the Australia Govt. Book an appointment now.

FREE 1 hr accounting and business advice sessions available this week - funded by Australian Govt with one of our CPA accountants.
We can review your financials, provide business advice and direction on how to improve the performance of your business.
Many clients have commented on how valuable these sessions have been for their business and wish they had heard about them earlier. Many have been unaware that their own accountant could be helping them in this regard but see them only once a year and then only to finalise their tax return. That might address the amount of tax you need pay but will never be address the more important issue of business performance. This is a process that needs to happen at least every quarter.
Book now and you will not be disappointed.