We offer a wide selection of services which cater for the majority of business needs. Alchemy has a proven track record in working with small to medium size enterprises to assist with the many complexities associated with running a business.
Business Performance and Benchmarking
Have you ever wondered how your business performs compared to your competitors? What is their average bottom line? Are you spending enough on advertising? Are you paying too much rent? Are your staff costs too high?
Surviving in today’s business climate requires you to spend more time working on your business than in it. We can provide you with accurate, timely, informative benchmarking reports that enable you to:
See how your business compares to your competitors
Understand more about how the rest of your industry works
Analyse the key performance indicators in your business.
Equipped with this information, we’ll work with you to develop action strategies that improve your bottom line.
Under which legal structure should your business operate? Whether it’s a Partnership, Trust, Company or other special purpose vehicle, we can help you.
There are more advantages with certain structures from a tax and asset protection view point than others. We will help you to get your structure right whether you are just starting out or you are already established. Alchemy also believes in the KISS principle and won’t confuse you with an organisational chart that you will never really understand.
Business Planning – achieving your business objectives
A business plan covers all aspects of your business or activities. It includes strategic as well as financial and marketing planning.
As you are the person who drives your business, the plan should come from you. Alchemy will ensure you enjoy the extra benefit of clarifying your own ideas on how your business should be run. We will be here to help you achieve what you plan.
Whether purchasing, starting, growing your business, or planning your exit strategy, we will give you proactive advice to maximise your business potential and your wealth.
Buyers of existing businesses often pay excessive amounts without properly considering the net value of that business, in the short and long term. There are many factors buyers should consider before making the final decision to purchase.
Alchemy will provide a full report including business profit, industry trends, goodwill, stock valuations and the current owner’s reason for selling.
Business Start Up/ Formation
Before going into business it is essential that you do your homework. Starting a business is not easy. There are many legal, physical, financial, marketing, personnel, insurance and government requirements that must be addressed. In addition, the accounting and taxation matters are critical in so many ways.
The approach we have developed to make your business venture start smoothly is no nonsense but clear and concise. You will be amazed at what this checklist covers. It will certainly help guarantee your business success.
Business Due Diligence
Due diligence refers to the process of acquiring and reviewing objective and reliable information about a project, company or business prior to a specific event occurring.
A primary example of due diligence would be to confirm the income streams of the business and assess the risks that are associated with those streams. It may involve the examination of various contracts to assess their length and the likely income to be generated over the life of each contract, how easily it can be terminated by either party and whether there are any penalties associated with the operation of the contract that you should be aware of.
Another aspect relates to the non-tangible value of the staff involved with the operation. A review of how long staff have been employed and the ramifications of their resignation should be completed. Such things as provisioning for long service leave, compliance with Superannuation guarantees payments and the existence or need for restraint of competition agreements should be ascertained.
To ensure the long-term success of your business, it is critical to establish a well-designed succession plan. Coordinating the transition of your business to your successors can be an arduous process. However, with our years of experience we can address the complex issues of business continuation, removing the stress from your shoulders.
A multitude of risks exist in today’s business environment. We accurately assess risk and protect you from vulnerabilities inherent in your enterprise. An effective risk management strategy improves the performance of your business, enables you to complete goals, and protects the value of your business.
Our risk assessment includes:
- Assembling relevant information about your business and market
- Identifying the major risks facing your organisation
- Developing a risk strategy
- Implementing the risk management procedures including buy/sell, unit trust and other business and risk protection agreements.