Advisory for Growth Support
Written by Sach
Most businesses have a single goal: to grow, expand, and bring in more profits. But bringing in more revenue and hiring extra personnel is now walk in the park.
There’s a lot of snake oil salesmen out there, that make huge promises without giving you actionable advice. We thought we’d share our approach, alongside some of the key steps you’ll need to take to stimulate your business.
As an SME owner, when you are looking for holistic business growth, there are several questions you need to ask, including:
- Can I cut costs? If yes, where?
- Which suppliers should I be working with?
- Which direction should my business take?
- Which marketing route should my business follow?
- Do I need more staff?
- Should I consider investors and shareholders?
- Am I making the right choices?
This process can be very stressful and confusing without the right advisory for growth support. This is especially worse for people who are new to business and have hit a plateau. They often don’t know where to turn without the right advice!
At Pennyhills, we are here to alleviate your stress when it comes to the financial growth of your business. We support business goals and help companies grow. Our dedicated team of accountants and financial experts are armed with all the knowledge, experience, and tools that they need to help your business scale to new heights! We’ll answer the following questions to prove our worth:
- Why should I opt for business growth advice from an accountancy firm?
- How do the experts at Pennyhills do things differently?
- What steps do the experts at Pennyhills advise you take on your growth journey?
Why should I opt for business growth advice from an accountancy firm?
If you question why you should be getting business growth advice from an accountancy firm, you are a step ahead of most people. After all, we have 15 years of experience in supporting the financial growth and acceleration of businesses, just like many growth consultancy firms.
But how do we do things differently at Pennyhills?
At Pennyhills, we specialise in providing support to countless SMEs by helping them:
- Develop more efficient operations
- Build robust controls that reduce errors
- Improve financial processes that strengthen security
- Boost profitability
This is because we are invested in more than just financial services. We have used our time in the industry to learn exactly what it takes for businesses to grow. Our expertise is not limited to any sector domain.
This means that whether you are a small or a medium-sized company or if you are self-employed, we are the growth consulting resource you should be looking for. We provide solutions for all aspects of growth in your organisation.
Experts in our team have extensive experience in helping businesses grow. On top of this, we strive to ensure a high level of professional service, with quality at the heart, for our clients that will help them flourish and scale.
At Pennyhills, we take our time to get to know you and how you work. This helps us develop a deep understanding of your business so that we can make better-informed decisions with you.
Do you want to learn more about how our business growth advice can transform your development opportunities? Continue reading more about our extensive services or contact us today and let’s talk about your growth!
How do the experts at Pennyhills do things differently?
If you are looking for help to grow your business, we are confident that we can do that for you. If you are asking why then the simple answer is that we provide personalised services.
We don’t focus our business growth advice on a paint-by-numbers developmental approach. Instead, we offer bespoke services that are unique to your business and its current circumstances. We will work with you to develop a tailored growth strategy that is solely suited to the needs of your business.
For some people, this might sound great. While for others, it might sound vague. To translate all this into tangible terms for your business, we have created a comprehensive list of services focused on the growth of your business. Keep reading to learn more about these services!
Advisory for Growth Support at Pennyhills
Cashflow Management
Cash is the king. Our cashflow management services rely on AI and Machine Learning technology to forecast the cash flow of your business 6 to 36 months ahead of time! And the way that cash moves in and out of your business will affect the ability of your business to pay its suppliers on time.
Business Funding
Our bank funding support service fully supports your application for funding with traditional banking institution requirements and non-traditional lenders. We provide you with all the financial information you need to secure funding for your business.
Budgeting and Forecasting
If a business wants to achieve its goals and long term objectives, then a forecast and a budget is a must. We at Pennyhills will work with you to develop a budget and forecast. Our management accounting service compliments the budget and forecast service. This means that you can see how well your business was doing against the budgeted costs and forecasted sales.
App Advisory
Open API cloud-based systems mean that many software that businesses are using right now could talk and exchange information between one another. This means that processes should be more efficient, and the accuracy of transferring data between systems should be more cost-effective and less labour intensive.
Our App Advisory service helps businesses automate processes. We help you select and appraise software that you may be interested in and sync payment portals, CRM software, and payroll software with your accounting software!
Tax Efficient Profit Extraction
Finding tax-efficient strategies of remunerating yourself and methods for taking money out of a limited liability company can be tough as it includes several factors like:
- Planning ways of paying for school/university fees
- Maximising allowances
- Transferring shares to children or family
- Succession planning
We simplify all this for you, while also helping you better manage and build saving strategies for your personal finances to meet your goals.
Opportunity Scenario Planning
Scenario planning is a worthwhile exercise for any business. By helping you look ahead into the future, we look at potential pitfalls before they happen! By looking holistically at an opportunity, we can help you foresee further opportunities supporting your business strategies while highlighting any potential risks.
At Pennyhills, we provide you with all of these services and more by:
- Accurately reporting financial data and documentation to support scalable growth targets
- Critical analysis of your market and industry
- Insightful guidance to aid with important decisions
- Personalised strategies for your business based on goals and previous performance
- Personalised accounting and spending plans that support cost-efficiency
- Regular consultations and reviews of progress
- Access to advanced financial management technology to improve business processes
So, what are you waiting for? Instead of just thinking about the growth of your business, start planning now with the support of our growth advisory services at Pennyhills!
Ready to get started?
Get in touch with Sach and the team to find out more about how Pennyhills can transform your business.