Download: Success Checklist

Leverage your numbers

The final destination on your journey

Ready to hang up the boots? It's time to consider succession planning to ensure a smooth transition of leadership. Focus on maximising your business value by enhancing operations and boosting profitability. Additionally, strategise to minimise tax liabilities upon exit, ensuring that you retain as much of your hard-earned wealth as possible.

Planning ahead can make a significant difference in your retirement and the ongoing success of your business.

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Business valuations

Prepare to maximise your business value long before the exit, just like sprucing up a house for sale. We can identify potential hitches in your business, possible value reductions, risk points, and various symptoms that may affect your business's health.

Maximising your business value long before the exit.

When you’re getting ready to sell a house, you’ll most likely spruce it up first – a bit of fresh paint, doing the gardens, last-minute renos – and preparing your business is no different. Just like addressing the presenting complaint in a medical diagnosis, we identify the main issues affecting your business's value. We put ourselves in the shoes of a potential buyer to determine what might prevent a sale, what could be reducing the value, and any risks that exist.

We put our ‘business value’ hats on and dive deep into what drives business value and how we can improve this to gain a higher multiple and better exit outcome for you.

Helping with

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    Business valuations

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    Systems review

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    Due diligence reports

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    Risk assessment

Business systems review

We provide a comprehensive review of your business systems and processes, akin to reviewing body systems in a medical diagnosis, identifying inefficiencies and recommending effective solutions, saving you costs and manpower.

Gain efficiency with a business systems review

This is a full-scale review of all your systems and processes in your business's software, internal systems from online accounting, workflow, e-commerce, stock control, administration and project management. It’s a deep dive into how your business operates to identify inefficiencies and provide advice and recommendations on how to get these to work in harmony together - and allow you to save on cost and manpower at the same time.

Helping with

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    Software automation

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    Systems review

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    Identifying inefficiences

Selling the business

Our team will guide you on every step of the sale process, from preparing your business for sale to negotiating the final deal.

Taking the final leap and selling

The final destination is a daunting one, so we’re going to be by your side to clearly explain the process and assist you in any way we can to help manage the transaction.

From getting your business ready for sale, business valuations and sale of business reports, marketing the business for sale, contracts, sourcing buyers and negotiating or brokering the deal, we’ve got an expert team and professional partners to streamline this business sale process and get you the best outcome.

Helping with

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    Finding buyers

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    Finding funding for buyers

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    Managing risk and uncertainty

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Preparing for the final phase of business ownership

Two people at a table: A smiling male accountant on the left uses a laptop, while a woman on the right writes on a notepad. Background: a plant.

Are you ready to transition out of your business? It's a stage every business owner eventually faces, and it's perfectly normal and hopefully an exciting time for you. The key now is to ensure a seamless succession while maximising your business's value and minimising taxes upon exit.

We provide strategies to help you optimise your business for a successful handover and maximise its worth for potential buyers or successors. Our comprehensive framework guides you through the essential steps of evaluating your current position, enhancing your business's appeal, and leveraging your accomplishments to ensure a lucrative exit.

Our personalised approach offers guidance tailored to your goals, helping you prepare for a smooth transition. Whether you need support with succession planning, maximising your business valuation, or minimising tax liabilities as you exit, we are fully equipped to assist you at every stage. Consult with a tax adviser today.

Make a path that’s all your own.

Every business is unique and the path to success is never a straight line. That's why we've ditched the traditional list of accounting services and developed a 3 stage framework to adapt our offering and advice as your business shifts:

01 Understanding

Crunch the numbers and truly know where you're at before you venture on.

Ideal for
  • Starting a new business
  • Understanding your numbers and how you're travelling
  • Getting realtime data for better decisions
  • Migrating to the cloud for time and costs savings
  • Getting your cashflow under control

Read more

02 Growth

Guidance to discover your desired destination, map the path and stay on track.

Ideal for
  • Planning your best business future
  • Growing your business the right way
  • Improving cashflow & profit while minimising tax
  • Building wealth outside your business
  • Getting accountability to keep you on track

Read more

03 Leverage

Maximise the value you've created so you can reap the rewards of your efforts. 

Ideal for
  • Understanding and maximising business value
  • Putting a plan in place for successful succession
  • Preparing a business that's optimised for sale
  • Executing a successful exit
  • Getting ready to retire

You are here!

Implementing effective risk management strategies

In the ever-evolving landscape of business, managing risk and uncertainty is paramount to maximising your business’s value. A robust risk management strategy is your shield against potential pitfalls that could impact your operations and valuation. By conducting regular risk assessments, implementing risk management frameworks, and developing contingency plans, you can safeguard your business’s future.

 

Effective risk management strategies enable you to:

  • Identify potential risks and opportunities: Recognise both threats and opportunities that could affect your business.
  • Assess likelihood and impact: Evaluate how likely these risks are to occur and their potential impact on your business.
  • Develop and implement mitigation strategies: Create actionable plans to minimise or eliminate risks.
  • Monitor and review plans: Continuously oversee and update your risk management strategies to adapt to new challenges.
  • Ensure regulatory compliance: Stay compliant with industry regulations to avoid legal and financial penalties.

By implementing these strategies, you can reduce the likelihood of value reduction, enhance your financial performance, and make your business more attractive to potential buyers.

Strategic planning

By setting clear goals and objectives, you can create a roadmap for your business’s success, align your team, and increase your attractiveness to potential buyers and investors.

Strategic planning is the compass that guides your business towards success. Setting clear goals and objectives ensures that all stakeholders are aligned and working towards a common vision. This process involves a thorough review of your business systems and the development of a comprehensive plan.

Steps to effective strategic planning include:

  • Conducting a business systems review: Identify areas for improvement in your current systems and processes.
  • Developing a comprehensive business plan and strategy: Outline your business’s direction, goals, and the strategies to achieve them.
  • Setting clear goals and objectives: Define specific, measurable, achievable, relevant, and time-bound (SMART) goals for your business.
  • Identifying and prioritising key performance indicators (KPIs): Focus on the metrics that matter most to your business’s success.
  • Developing and implementing a succession plan: Ensure a smooth transition by planning for future leadership and ownership changes.

Financial performance

Tracking and enhancing your financial numbers

Financial performance is the heartbeat of your business valuation. Demonstrating strong financial health is crucial when attracting potential buyers and investors. To achieve this, you need to diligently track and enhance your financial numbers.

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Key steps include:

  • Monitoring key performance indicators (KPIs): Keep a close eye on metrics such as revenue growth, profit margins, and cash flow to gauge your business’s health.
  • Conducting regular financial reviews and audits: Regularly review your financial statements and conduct audits to ensure accuracy and transparency.
  • Implementing financial management systems and software automation: Leverage technology to streamline financial processes, reduce errors, and save time.
  • Developing financial planning and budgeting processes: Create detailed financial plans and budgets to guide your business decisions.
  • Ensuring compliance with financial regulations: Adhere to financial standards and regulations to maintain credibility and avoid penalties.

By focusing on these areas, you can improve your financial performance, increase your business’s value, and present a stable, attractive proposition to potential buyers.

Frequently asked questions: "leveraging your business numbers"

Have Questions ? We’re here to help

  • What do you mean by leverage?

    Leverage in terms of business refers to maximising business value, long before the final phase of business ownership or exit, akin to sprucing up a house for sale. This involves deep dives into what drives business value and how we can improve it, leading to a higher multiple and better exit outcome for you.

  • How do I calculate the value of my business?

    Calculating the value of your business is a complex task that involves reviewing your financial statements, analysing your business operations, and comparing your performance to similar businesses in your industry. At Trekk Advisory, we take an extensive approach to business valuations to ensure accuracy and a better understanding of your business's true value.

  • What are the top 3 valuation methods?

    The top three business valuation methods are:

    1. Market capitalisation: One of the simplest methods, it involves multiplying your company's share price by its total number of shares outstanding.
    2. Earnings multiplier: This method adjusts the current market value to reflect the company's future profitability.
    3. Net asset value: This method is based on the company's net asset value – the total value of its assets minus its liabilities.
  • What is the average cost of a business valuation?

    The cost of a business valuation varies depending on the size and nature of the business. For a small to medium-sized business, you can expect to pay anywhere from $3,000 to $7,500. At Trekk Advisory, we work to provide excellent value and thorough, insightful valuations to help you understand your business's market position.

  • What is in a risk assessment?

    A risk assessment involves identifying and evaluating potential risks that could impact a business's operations or value. It could include everything from financial risk, operational risk, reputational risk, to cybersecurity risk. At Trekk Advisory, we look at potential risk points that may prevent a sale or reduce the value of your business to ensure you receive the best exit outcome.

  • How does understanding your numbers benefit the sale process?

    Understanding your numbers gives you a clear idea of where you stand financially, which is vital when preparing for a sale. This includes having detailed and up-to-date records, understanding your business's profitability and cash flow, and knowing your business's valuation. These figures play a crucial role in negotiations and can facilitate a smoother, more profitable sale.

  • How can software automation contribute to business valuation?

    Software automation can significantly increase your business's value. By helping streamline processes, improve efficiency and productivity, and reduce costs, software automation can lead to improved profitability and a more attractive proposition for potential buyers.

Still have any questions?

Can’t find the answer you’re looking for? Please contact to our team.

Get a quote or call back

Interested in reaching out? Fantastic! We're here to support you with our approachable mix of professional savvy and genuine care for your business. Kick things off with us over a coffee and some down-to-earth number talk.

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