Important decisions you make now can have long-term consequences for the future. Navigating the myriad of tax implications can often be confusing. That is why we at Tim Nash & Associates offer strategic business advice as part of our services.
Our business advisors see many successful businesses. This allows them to see recurring patterns amongst various industries and sectors. It also gives them the ability to see “missing pieces” that business owners may not be able to see from working inside their own business. This, in turn, allows us to act as business advisors for determining some of the most cost effective courses of action.
Here is just one simple example of business advice for small businesses. First, many businesses do not think to implement a referral program. However, it has been shown to be a highly cost effective solution for increasing profits. It allows highly targeted prospects to come into the business and convert faster to paying customers. It can have a tremendous improvement to the overall profits and bottom line of the business from just a small investment.
This is an example of a missing piece that you may not have been aware of but business advisors often recommend. Having an accountant’s business advice lets you see these types of missing pieces that might not have been obvious to you. Additionally, you’ll get business advice that allows you to know if it has worked in similar businesses and industries.
Another advantage to obtaining business advice service from your accountant is that they are able to tailor it based on your current business’s financial position. What works for some companies might not work for yours, but it may also depend on timing. You can know the appropriate time and what indicators to examine based on certain accounting controls. This will allow you to know if implementing a new measure for your business is appropriate and to determine the best timing.
One of the most crucial decisions where your business advisors can help is determining the most appropriate timing for your exit strategy. That’s why we specialize in offering business advisors who can assist you when selling a business.
Most importantly, business advice service can save you time. Often, our connections inside the business community allow us to point you in the right direction. We see businesses make changes, and we can advise about what works and what may not be in your best interest.
So consider using your accountant for business advice. Many times, it can allow you to have an overall perspective that you would not be able to see on your own. If you would like to know more about our business advice service, give us a call today. You’ll feel confident that you’re making informed and intelligent business decisions that will benefit your business for years to come.
