Expert Advice That Boosts Business Performance

The secret to driving business growth is having a deep understanding of your company’s financial health. Our team of advisors will help you review your business performance and analyse areas that need to be dealt with quickly, in order to provide expert business advice that actually helps.

Future proof your business with our advisors

Here at Gary Smyth Associates, you’ll be dealing with real people. Real advisors who have genuine care and interest in you and your business’ future. Working with our advisors means you’ll have the information, guidance, and sounding board you need to make smart business decisions. We’ll help you plan your next steps by looking at the full picture.

Our team has broad commercial and life experience, so we can help you assess your current situation wherever you are in your business lifecycle, and give you a practical action plan to get you on the right track.

We’re Not Merely Accountants

We’re here to make a real difference to our clients.  Delivering a high-quality, efficient compliance service is just part of that. Helping our clients to develop, improve, and grow their business is the next natural step. Our Business Development offerings are practical and tangible services that create long term value for clients. Contact us to see how we can help you and your business!

Contact details:

Phone: +353 1 479 0547
Email: office@gsassociates.ie

 

The Complimentary Client Review

As a valued client, you’ll receive at least one Complimentary Client Review (CCR).  In fact, this is an annual event for a number of our clients.  The CCR is an opportunity for you to set and review your goals and gives you clarity around the actions you need to take to achieve those goals.  It also stimulates strategic discussion and identifies burning issues, opportunities and challenges so that you respond effectively.  And of course, it’s an opportunity for our team to identify greater tax efficiencies and asset protection.

Proactive Accounting Meeting

If you’re keen to improve your business performance and financial results but don’t feel you are being supported enough by your current accountant – give us a call.  We’ll arrange a complimentary Proactive Accounting Meeting to review your unique situation and discuss how we may be able to support you.

During the meeting we’ll identify your burning issues, opportunities and potential tax efficiencies, and establish goals and strategies to achieve them.  We’ll also have a strategic discussion around the current and future direction of your entities.

Following the meeting, if required, we’ll prepare a proposal for services, with all costs priced upfront, whether this be strictly for Business Development work and / or compliance.

Business Planning

A great Business Planning process gets to the heart and soul of your business.  Upon completion of pre-work we’ll have a greater understanding of your vision and core values in order to facilitate a four hour planning session to help you create a clear one page Business Plan.

The outcome of this service is to identify and prioritise goals, both short term and long term, create strategies to achieve your goals, enable you to review actual performance against targets and establish a 90 Day Action Plan to address immediate and critical issues.

Importantly, this process eliminates a factor that is all too common in business – procrastination.

Business Recovery Planning

Every business has been impacted in some way by the Covid-19 crisis.  Our facilitated Business Recovery Planning service helps clients reset the future of their business by reviewing their response and assessing the true impact on their business, then setting realistic goals to strengthen every department.

The approach to developing the plan is collaborative and involves the client completing comprehensive pre-work and risk analysis to identify both the overall impact and the impact within each department.  We’ll facilitate a four-hour online planning session, which may be broken into two two-hour sessions, to develop the client’s Business Recovery Plan.

The Business Recovery Plan documents a high-level budget, details of necessary recovery finance, key opportunities and vulnerabilities, most critical challenges, risks and mitigation strategies, and annual and 90-day goals and actions.  It is designed for business owners to ensure their business has the best chance of recovery.

Business Recovery Planning and Finance Application

Many clients will require a detailed finance application as well as a Business Recovery Plan.  The finance application will include a 3-way forecast of profit and loss, cashflow and balance sheet on a month by month basis for the next 12-months.  We’ll work alongside our clients to put together the finance application, including the most recent annual financial statements or management accounts, the Business Recovery Plan, forecast, and details of finance required.

This service is designed for businesses who require additional finance support from either the bank or the government to trade through the adverse impacts of Covid-19.

The Organisational Review

Many businesses do not have absolute clarity around their team’s defined roles and responsibilities.  This often results in owners wearing too many ‘hats’, meaning they have precious little time to spend in a strategic sense, or on high-level activities that create real value for the business.

An Organisational Review will help you to build a functional Organisation Chart, visually defining departments, functions, roles and responsibilities.  We will help you to structure your business so that it is more sustainable, scalable, and, ultimately, saleable.

Financial Awareness

We’ll help you to understand your business better, enabling you to better manage your cashflow.  Good management decisions rely on a sound understanding of the financial implications for your business.  This service involves meeting with us every two months to discuss your financial results, culminating in you learning to produce and interpret your own customised financial reports on a monthly basis.

Quarterly Mentoring

As a business owner you can at times feel alone and unsupported, spending little time working on your business and trapped in the day to day technical aspects.  Our Quarterly Mentoring service provides you with increased accountability and support so that you achieve the results you want from your business.  The outcomes include increased profitability and cash flow, customised reporting templates to measure actual performance against forecasts and access to an expert sounding board to ensure you continue working towards your goals.

KPI Improvement

We’ve developed this service to enable business owners to understand the key drivers in their business.  The better you understand your business, the easier it will be to increase your profits and free up cashflow.

First, we’ll help you establish what your key drivers are.  These may be financial (e.g. gross profit margin), or non-financial (e.g. customer satisfaction ratings).  We’ll teach you how to measure each KPI and set improvement targets.  Once you’re confident measuring each KPI we’ll provide monthly coaching to help you implement a tactical plan focusing on the business processes and behavioural changes required to ensure improvement.

Investing a little time each week and making simple changes can dramatically improve your KPIs, thus positively impacting your business performance and personal life.

Cashflow Management

Cashflow planning is best practice in any business and critical to survival and growth.  Our Cashflow Management service is designed to help you improve your Cash Conversion Cycle and maximise your cashflow.  It will allow you to predict large cash outflows and respond to changes in your business.

Managing cashflow is all about your business processes.  After preparing a Cashflow Forecast we’ll conduct a thorough review of your processes and identify any potential causes of poor cashflow so that we can treat the underlying issues.

We’ll meet with you on a quarterly basis to monitor, analyse and adjust your key cashflow drivers.  Acting as your accountability coach, we’ll help you set annual goals and devise a 90 Day Action Plan to ensure you implement improvement strategies for maximum results.

These are powerful Business Development services that provide immense value and clarity.

Contact us today on +353 1 479 0547 for your annual Complimentary Client Review…

Not currently a client?  We’d also be happy to discuss your business at a complimentary meeting.

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