PJT Accountants

Five Strategies to Give Your Business a Fresh Start

15 July 10 Five Strategies to Give Your Business a Fresh Start

1. Develop a detailed financial growth plan for the next 12 months. Businesses need to be setting the new financial year’s KPIs and performance drivers now. It is essential that you have a structured plan in place to work with and measure against. This will aid the performance and ensure your business is successful. Ensure that you also share this plan with your team.

2. Increase marketing and initiative-based expenses. Increasing leads is a major factor with increasing sales and improved cashflow. Without a good solid marketing system, no business will succeed.

3. Reduce non-marketing, non-advertising and non-production expenditure. Search for improved deals from suppliers and look for items that won't be missed by the business if they aren't purchased.

4. Collect from debtors straight away or if you can’t do this, have a strict debtors’ policy. You are entitled to ask for payment on completion, or even in advance.

5. Get rid of your obsolete and surplus stock as quickly as possible. Converting your stock to cash will again free up money available to you in your business.


The new financial year presents the best time for business owners to seek more than just tax advice, and develop a strong working relationship with their accountant. A financial professional such as an accountant can certainly help you set your business up in the best position. But because you are the business owner, you also need to have sound financial education and be aware of all aspects relating to the financial side of your business. Your Accountant or Business Advisor can meet with you regularly to help educate you and keep you on the right track.

If you would like some further information, please do not hesitate to contact me on 07 5413 9300.


Melanie Jacobson
B. Bus, CA, ICA Member PS146

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