Understanding costs and correctly pricing your products/services has always been crucial to running a successful business. However, in the current inflationary environment, it is now more important than ever.
With the cost of materials, shipping and utilities all rising, if you are not regularly reviewing your pricing, you risk selling below breakeven, creating an avalanche of issues, and your business will go backwards — it’s as simple as that.
At Eagle 1, we don’t want to see you go backwards, and our team is here to ensure you stay profitable. Whether you run a retail store, a restaurant, medical practice, or any business in-between, we will help you understand your costs and optimise your profit margin to keep you on track.
Breakdown & Pricing Analysis Benefits
Breakdown & pricing analysis is not just useful for ensuring you correctly price your goods and services. Through this service, we will also help you to:
With an up-to-date pricing and cost breakdown, you are in the best position to set competitive pricing. You will be able to see the true costs of a good or service and see where you can seize market opportunities.
If you feel like you’re working hard and your business is busy, but your bank account is showing another story, then our breakdown & pricing analysis will help. With correct pricing, you’ll see more fruit from your labour.
How Eagle 1 Can Help
With a strong understanding of your numbers and costs, our team of accountants will run financial health checks like break-even analysis and profit analysis to understand at what point you are truly making money.
By gathering this data, we will help you understand your costs, set effective pricing, and ultimately become more profitable.
Throughout your journey, our team will also help you to improve your understanding of the difference between profit and cash flow. It is very common for businesses to be making a healthy profit, but yet still have little money in the bank.
A business appraisal is usually considered when you’re looking to buy or sell a business. Although, all business owners can benefit from an up-to-date business appraisal report, not just when you are actively on the market.
Many business owners measure success based on profit and loss, but it’s important to know if your hard work is actually being reflected in the market value of your business.
So, whether you are looking to buy a business, sell your business or just want to be prepared, at Eagle 1, our business appraisal service will help you know a business’s value today, what it could be worth in five years and what you need to do to maximise its value.
Business Appraisal Benefits
Our business appraisal service won’t just put a dollar figure on the value of a business today. Our team will go beyond the point of service to give you a raft of other benefits:
If you are buying a business, knowing its worth is only one part of the puzzle. We want to ensure you succeed, so we will give you actionable steps to find out more about the business, help you with price negotiation and discuss the best structure for you to buy it with.
Once you know what a business is worth, we’ll discuss actionable strategies for you to grow its value. That way, when the time comes to sell, you’ll secure the top dollar.
How Eagle 1 Can Help
At Eagle 1, our team of dedicated accountants are here to help you get an accurate picture of a business’s value. We will take the time to communicate our ideas and figures clearly so you can make better informed financial and business decisions.
Enquire about this service and find out why business owners have trusted Eagle 1 business appraisals for years.
A business projection is essentially your business plan in numbers. It is one of the most useful tools for startups and early stage small businesses to successfully navigate the business journey.
Ultimately, it is a process of estimating how much capital will be required to grow your business at a sustainable rate in its early 1 to 3 years of life. Without financial projections, business’s risk imploding due to a lack of finances before they get past that initial growth phase.
However, at Eagle 1 Accountants, we provide business owners with the budgeting and forecasting tools they need to have a clear roadmap to growth.
Whether you’re in the early stages of growing a brick-and-mortar small business or a high-growth tech venture, we will help you develop a business projection that gets you where you want to be.
Business Projection Benefits
Business projections are not only important tools for growing your business sustainably, they also help you to:
Without cashflow forecasts and other projections in place, a business can grow too fast for its own good. By anticipating future cashflow shortages, you can know to take preemptive actions such as getting an overdraft from the bank or seeking investors.
A business projection isn’t merely a prediction; it implies a commitment to making the projected results real and establishes milestones to measure your progress.
Variances from your business projections provide early warning signs of problems. When you see variances occur, the projections will tell you the financial impact as well as the corrective actions.
How Eagle 1 Can Help
At Eagle 1, we have not only gone through the early stages of the business journey ourselves, but we have also helped other business owners navigate theirs. And now, it’s our turn to help you.
We will work with you to establish a business projection to help you plan for the future and navigate those bumps in the road. With Eagle 1, you’ll get the right advice when you need it, from the right people to help you grow.
Cashflow forecasting is a critical tool for the survival and growth of any business. Going through phases where profit is minimal or cashflow is strained can happen to us all. However, how you prepare for and respond to such times is what determines your business’ success.
At Eagle 1, our team of experienced accountants help you understand, monitor and manage your cashflow so you can be ensured you are going in the right direction.
We will take the time to talk to you about your business objectives and use actual results and estimates to determine if your business is cash flow positive. With a solid understanding of your cash flow cycle, we will help shape your future.
Cashflow Forecasting Benefits
Cashflow forecasting is not just a helpful tool for analysing the ins and outs of your business. Forecasting provides you a breadth of other benefits:
A cashflow forecast gives you a glimpse into the future, meaning you can identify any potential cashflow issues and reduce the effects. It also gives you the foresight to capitalise on excess cash when it’s available.
Benchmarking and setting goals tell everyone on your team where you’re going and what needs to be done to achieve it. Therefore, the forecasts give accountability for goal achievement.
Having a healthy cash flow improves your business’ standing, helping you when it comes to looking for investment opportunities, acquiring loans or taking on lease agreements.
How Eagle 1 Can Help
As a business owner trying to create a steady cash flow and keep in the right direction, it is a lot to think about. At Eagle 1, we give you the peace of mind of having accurate numbers when you need them.
Our team of professional Gold Coast accountants are here to provide you with accurate and timely cashflow forecasts to help you:
- Analyse and anticipate key expenses
- Understand when cash is available
- Get out of debt faster
- Plan and prepare for expansion, stock control and taxes
- Ensure your business will always have the money it needs
