All businesses need someone who regularly checks the business “pulse”. An advisory board tracks the health of your business in areas like cash flow, tax obligations, prices of your services, profitability, blow out of costs, and much more.
Understanding the finer details of your business in terms of numbers and what they represent is very important, especially for businesses in a fast growth window, or if things aren’t going as well as planned.
Fast growth can lead to a situation where your business profit doesn’t match your bank account. Depending on your industry, this could mean your business is making a good profit but don’t have any cash. Or it could mean that you have access to cash but your business isn’t actually making any profit.
You need to know where your business profits and your cash flow stand throughout your business journey.
Work with Carbon andpush your business to success
When you understand the finer details of your business and what your numbers represent, you will be armed with invaluable information as you grow.
Your advisors should tailor their solution to reflect what is needed most for you and your business. Carbon’s advisory board services are scalable to what you need. This could start with quarterly catchups when you’re first starting out, and as you grow progress to more formal monthly Board meetings.
Take even better control of your business with Carbon.
Our advisory board services include
- Building out your business model to assist with growth and expansion in line with your goals.
- Preparation of monthly reporting including budget vs actuals, running KPIs and financial performance.
- Business guidance to help you overcome day-to-day crisis within the business and help keep you on task.
- Accountability to hold you on task to your objectives quarter to quarter to assist to you achieve your goals.
Frequently Asked Questions
An advisory board is something business owners should consider from the very beginning. Your advisors will work with you to develop the strategy for what is needed for your business to grow profitability. An external advisor will hold you accountable to your business plan goals, so it’s a great asset.
The frequency of meetings with your advisory board will vary depending on the stage your business is at. They may start as quarterly catchups and progress to more formal monthly Board meetings as you grow.
Businesses in a fast growth period may run into a situation where their business profits don’t match their bank account. This could mean the business is making a profit but doesn’t have cash, or that you can access cash but aren’t making a profit. Your advisory board will investigate your numbers to determine where your business profit and cash flow stand.
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Carbon Group have been an awesome investment to our business. Their staff are super friendly and extremely helpful and their knowledge in cost savings first class.
Carbon have assisted us to become more in touch with our business' progress as it has grown and developed.
Our experience with Carbon has been fantastic. Our bookkeeping costs are the same each week which is great as we were hourly before and the fluctuation was hard to track.
I have confidence in Carbon to complete our work to a high standard and deliver work on time.
Since starting with Carbon Group, not only do I have a much better overall understanding of my business, but more free time to actually carry out the work required.
We have been impressed with Carbon ever since we changed over. We love how there is a seamless integration of the accounting department and the bookkeeping departments.
Carbon is an integral part of our support network for achieving our organisation’s mission. We continually receive knowledgeable, timely and generous assistance from the bookkeeping team.
Fantastic serves, staff and very friendly. I would 100% recommend to anyone wanting a great accountant.
Carbon Group are an amazing company and they certainly know what they're doing. Great staff, friendly and prompt service. I will recommend them to anyone!
Carbon Group has helped reduced our bookkeeping and accounting costs by 50%