Do This Before Starting Your Own Business
It takes more than a single great idea, or even several, to start your own viable business that earns sustainable profits. You can set yourself up for success by taking these steps before you open your doors to the public. Planning, Research and Development Once you have a business concept, it’s time to research your ideas and ensure that they are viable. As you go through the planning and development phase of your idea, you should research and find the answers to several questions, including the following: Is there a need for the product or service that you wish to offer the public What segment of the market will you target? Which businesses are your direct competitors, and how can you differentiate yourself from them? Do you have the ability to obtain the financial backing to get business operations started? As part of your planning stage, you should also look at outside research into the industry and market you wish to enter. Government journals regarding statistics, publications from associations in your target industry, and other reports that relate to your market and target audience are all sources of valuable information when you are formulating your plans. Put it in...
Read MoreWhy Use The Accounts Studio?
More than an organisation focussed on traditional bookkeeping, The Accounts Studio works with creative designers who believe that profit matters. They are an innovative agency that mix bookkeeping and business consulting to maximise profits. Owner Sophie Andrews is an award winning business owner with over 20 years’ experience in financial management and runs 3 businesses of her own. She is also a Director of the ABN supported Australian Bookkeepers Association. Sophie and her team of experienced bookkeepers specialise in retail, foreign currency and inventory and are available to answer any enquiries you have. “Sophie has been a tremendous support and guiding light for my business. I have continually succeeded when acting on her advice and by using her services. Her products are fantastic and her ideas and accuracy is out of this world. I would never hesitate to recommend Sophie’s services and I would invite anyone to contact me for a referral.” – Belinda Grundy, BG Home Styling They understand that not everyone is a fan of bookkeeping and that is where they come in – to them bookkeeping is a hidden treasure in disguise. They take the worry and concern out of the equation and ensure that your...
Read MoreHow Business Consulting Can Help You
Whether you are the owner of an established business, or are just starting out, you’ve probably heard of business consulting, but you may not understand how it can help you. If your business is successful, you may think that business consulting isn’t necessary. After all, what need is there to “rock the boat,” if your operations seem to be smoothly sailing along? “If it’s not broken, don’t fix it,” as the old saying goes. If your business is struggling, you may think that you can’t afford the time and expense of bringing in an “outsider.” If your business is floundering you may believe that a business consultant is just another expense that you can ill afford. Regardless of the age of your business, how well it does or does not run, a business consultant is an indispensable resource that can help you to identify your core strengths and weaknesses and help you to develop and implement a plan to maximise your profits while minimising or even completely eliminating your liabilities. Business consultants are a valuable guide to achieve business prosperity and longevity. They are an outside expert that gets to know every detail of your business from the perspective...
Read MoreWhat are our clients saying
"Sophie is so professional – careful, attentive and punctual – she has made managing my accounts not just easier, but a whole lot less stressful" Fast Ed, TV Chef from Better Homes & Gardens.
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