Business Advisory

At Gold Group Consulting we aim to provide you with advice when your business needs it, not just when you ask for it. We help you manage every aspect of your business and because we establish a one-on-one relationship with each of our clients, our advice is tailor-made for your business. We've also developed our traditional accounting services into innovative client-focused services. Our flexibility and adaptability ensure we help you get the best results by providing the following services:

Benchmarking

Have you ever wondered how your business performs compared to your competitors? What is their average bottom line? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high? Surviving in today's business climate requires you to spend more time working on your business than in it. We can provide you with accurate, timely, informative benchmarking reports gathered form hundreds of similar businesses all over Australia, that enable you to:

• See how your business compares to your competitors
• Understand more about how the rest of your industry works
• Analyse the key performance indicators in your industry
• Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.

Budgeting

A good budget is a necessity in a good business plan. It is one of the best business tools you can have, enabling you to set financial targets and measure your performance.

In addition to goal-setting value, budgets will often improve your chances of acquiring funding. Financiers often require budgets as a prerequisite for funding approval.
The techniques we utilise to form financial projections enable you to consider future scenarios and provide you with goals to strive for in your business. There are many types of budgets. We can help you design the right budget for your requirements.

Let us show you how a budget can provide feedback that helps you prepare for the future of your business!

Business Start Up

If you have a good idea for a new business venture but don't have expertise in the legal or financial aspects of creating a new business, we can help you:

• Decide on the most suitable structure for your business - sole trader, partnership, limited company, discretionary or Unit Trust.
• Prepare a business plan, cash flow projections, budgets, and trading forecasts
• Assess your finance requirements, advise on the best sources of finance, and draw up the necessary proposals
• Establish a good working relationship with your bank
• Register for an Australian Business Number with the ATO
• Complete registration procedures with the Australian Securities and Investments Commission
• Deal with company secretarial issues
• Set up a recording system for your internal use and for complying with statutory requirements
• Let us help you turn your business idea into a reality!

Cash Flow Forecasting

Cash flow is King! Are you holding too much inventory? Is this the right time to expand your business? Are you going to have enough cash to pay all your expenses every month? Surviving in today's business climate requires you to spend more time working on your business than in it and understanding the cash flow implications of your operating decisions.

We can provide you with accurate, timely, informative cash flow forecasting reports that enable you to:

• Realise and understand when cash is available
• Plan and prepare for expansion, stock control, and taxes
• Analyse and anticipate key expenses
• Equipped with this information, we'll work with you to develop action strategies that improve your bottom line.

Buying A Business

In today's economic environment, buying the wrong business for the wrong price could lead to financial ruin. You need to be able to assess a business' worth, and trust the figures you are being shown.

Gold Group Consulting has many years experience in getting through to the real worth of a business and to help you in assessing its potential. We advise you on how much to pay, how to structure the deal and how to buy it.

Selling A Business

Selling a business can be a difficult, disheartening time and the tasks involved can seem particularly arduous. At Gold Group Consulting we take the unwanted burden from you.

The services we provide for preparing to sell a business include:

• Obtaining comparative results
• Establishing a realistic sale price
• Assisting you in preparing a sale kit for potential purchasers
• Taking the business to the market
• Negotiating with potential purchasers
• Drafting a contract
• Our friendly, professional team will help you obtain a maximum return for your business.

Strategic Planning

The pressures of daily business can often mean strategic planning takes a back seat, but to have a successful business it is vital to plan ahead. We'll help you develop a strategic plan that examines where you want your business to be in the next 3-5 years and exactly how you and your team can achieve these aims and objectives.

Your strategic plan will:

• Define the characteristics of your company in three to five years
• Identify your competitors
• Define your objectives and financial goals
• Include an effective implementation strategy to achieve your goals

Succession Planning

To ensure the long-term success of your business, it is critical to establish a well-designed succession plan. Coordinating the transition of your business to your successors can be an arduous process. However, with our years of experience we can address the complex issues of business continuation, removing the stress from your shoulders.

Too often, because of litigation or an untimely death, the business assets of Australians end up not in the hands of the intended beneficiaries. We work with you, your family and your legal advisers to make sure that isn't you.

Contact us for more information on forming a plan that facilitates a hassle-free continuation of your business!

Estate Planning

As unpleasant as the task is, estate planning is one of the necessities of life. Knowing your hard-earned assets will be dealt with in the manner you choose provides peace of mind.

For business owners, a plan for succession of ownership is essential. We can guide you through the process of providing for business continuity. The executor and trustee of Will are required to perform a number of duties. At Gold Group Consulting we are experienced in estate planning and can guarantee no deviation from the succession plan for your assets.

The areas in estate administration that we can assist with include:

• Meeting to discuss objectives for your estate
• Confirming assets - Valuations, inventories, and appraisals
• Liaising with your legal adviser to establish an appropriate strategy
• Documentation involved in estate planning
• Protecting the assets
• Paying taxes and debts
• Estate distribution

Business Valuation

Am I getting the best price for the sale of my business? Is the asking price too much? An independent valuation provides you with answers to the questions you often need to ask about the value of a business or property.

We are trained and experienced in business valuations and can provide you with simple guidelines and formulae to determine the value of your business or property. We can also appear in court or for arbitration as expert witnesses in relation to business valuations.

Choose Gold Group Consulting for a professional, accurate valuation service!

Rental Property

At Gold Group Consulting we have the expertise required to assist you in a variety of areas relating to residential and commercial property.

The services we offer include:

• Advice on purchasing a property
• Reviews of lease agreements
• Advice on funding*
• Guidance in tax minimisation
• Advice on ownership structure
• Periodic reviews to ensure returns are maximised

The importance of forecasts in making a residential investment cannot be emphasised enough. We can provide you with forecasts for:

• Revenue returns
• Financial position
• Potential growth

Contact us today for more information on how we can assist you in the business of rental properties!

Management Consulting

Our aim is to ensure your business achieves the potential it is capable of. We have the know-how and experience to offer advice that helps you run your business more effectively.

We are practiced in acting as a sounding board for management, bringing years of experience in business growth to the relationship. We can identify key performance indicators in your business, through which you will see positive changes occurring with the help of our professional consultants.

We check that your business is as competitive, focused, and profitable as it can be, then offer flexible strategies, designed to address the issues affecting your business.
Let us give your business a health check! Take the practical advice we can provide to ensure the ongoing success of your venture.

This article is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of the information or material in this article. All information is subject to change without notice. We and each party providing material displayed in this article disclaim liability to all persons or organisations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material. You should make your own enquiries before entering into any transaction on the basis of the information or material in this article. Please ensure you contact us to discuss your particular circumstances and how the information provided applies to your situation.

* Lending services are referred to Finconnect (Australia) Pty Ltd ABN 45 122 896 477 Australian Credit Licence No. 385888 a wholly owned subsidiary of Count Financial Limited.