Bstar | Businesses

Bstar

Phone: +61 1300 552 577

Add/Update information

Reviews

Tags

• Businesses
• Local service
• Business service

24.01.2022 New Insights: every business needs a recovery plan - https://mailchi.mp//new-insights-every-business-needs-a-re

24.01.2022 Recovery planning: Experience the first step - https://mailchi.mp//new-insights-every-business-needs-a-re

24.01.2022 With all the chaos surrounding COVID-19, in our new web video, Bstar's CEO discusses 'Going back to the basics'. For Bstar Partners, the new Accountability Application will create an new business advisory experience for you and your clients. https://lnkd.in/gMHpJYb

23.01.2022 New Insights: retain & grow client retainer fee arrangements - https://mailchi.mp//new-insights-retain-grow-client-retain

21.01.2022 Does your practice have the systems and processes to offer online recovery & regrowth services to business owners starting from as little as $250 per client? When your stimulus packages support activity slows down, you need to be ready to provide virtual, low cost, group based ‘do it yourself’ recovery and regrowth solutions. These solutions will be an essential part of your own recovery plan. They include a planning and support phase.... Our SME research confirms only 26% of businesses were engaged in regular planning, with 6% having comprehensive current plans that were actively managed. Bstar’s new Business Recovery Program is an online solution to help you and your clients recover and regrow. Business owners can generate their own online recovery plan and for each step of the Program you receive payments in advance to protect your profit and cash flow. Get on-board and start making a difference. https://lnkd.in/gkg3c9K

19.01.2022 Would you buy a new car without taking it for a test drive first? Probably not. A similar rule of thumb applies when introducing business advisory recovery and improvement solutions to your clients. If business owners don’t see the value, benefits or positive outcomes of your advisory services, it’s unlikely they will engage you unless they have a specific or urgent need. Even though sounding board solutions are essential COVID-19 services, securing client engagement can be c...hallenging at a time when most of your clients’ need help and support. The key to getting clients to engage you on a commercial basis for these services is to: Raise awareness of your advisory services in your general tax program; Implement a 3-step advisory process - risk diagnostic, plan & support; Provide examples of your business improvement plan at the end of your risk diagnostic meeting to demonstrate the benefits of recovery or improvement planning. A key feature of our soon to be released Accountability Application, is the automated Business Improvement Plan. Learn more. https://lnkd.in/g94q_-F

16.01.2022 In this Coronavirus environment it’s not easy to find good news. With this in mind, I wanted to share with you some initiatives that will generate positive outcomes for accountants and their business clients. Accountant Interview - listen to an interview with Ross Raymond from Ashfords Accountants, discussing how they are rolling out a series of innovative Coronavirus client support packages (https://lnkd.in/gFH4pqY). SME Research - the full Report was released today (htt...ps://lnkd.in/gxW5uxp). Use the Insights to help your clients in both the ‘crisis’ and ‘recovery’ phase. Government Support for your Client Fees - we have approached the Federal Minister for Small and Family businesses to consider offering a $5,000 grant to cover the costs for SMEs to prepare a business recovery plan with the support of their accountant. Lastly, there will be 2 phases to the Coronavirus environment: Crises phase (now); and Recovery phase (commencing May). After sending your clients information on the stimulus packages available, start to structure and implement your Coronavirus clients support packages for both these phases. We are here to help and support you.

16.01.2022 [LAST CHANCE] Webinar starting in less than 2 hours - https://mailchi.mp//last-chance-webinar-starting-in-less-t

13.01.2022 After guiding your clients through the maze of COVID-19 stimulus packages, you need to prepare for the ‘what’s next’ phase of the Coronavirus. The ‘what’s next’ services will be recovery/regrowth solutions. View our new Program to learn more. https://youtu.be/EvT7ctfoZHA

12.01.2022 Increasing non-financial risks are creating enormous stress and worry for business owners. SMEs need a sounding board they can turn to & trust to reduce these risks, improve business performance and quality of life. This is the key insight in our upcoming 2020/21 SME Research Report. The Report’s insights and supporting statistics will serve as a reminder to some accountants and cause serious concern for others that they need to do more with existing clients. ... The upcoming tax planning ‘season’ is the perfect time to ask your SME clients’ a broader set of risk questions and then demonstrate or quantify the ongoing value of managing these wider risks. The ‘HOW TO’ is embedding client engagement tools in your tax planning program. https://lnkd.in/g94sJeW

11.01.2022 As the COVID-19 affected economy and support activities move from survival to recovery, business advisory recovery solutions will be highly sought after by SMEs who need a plan to get their business back on track. These services extend beyond a simple profit/loss or cash flow budget, they identify and address key internal and external risks. Structure your service offering to examine non-financial key risk and value drivers your clients can focus on, with your support, to s...urvive and then recover. For example: Can they use data analytics or CRM systems to re-engage customers; Will better utilisation of technology expand online sales or create business efficiencies; Do staff and insurance agreements cover work from home arrangements. Very shortly we will be launching a series of webinars to show you how to introduce low cost, online ‘DIY’ business advisory recovery solutions to your clients in June 2020. Recovery Program technology enables you to offer these services starting from $250 per client. https://lnkd.in/gkg3c9K See more

10.01.2022 Making a commitment to invest in new services and upskill staff during COVID-19 takes a lot of courage and demonstrates you are dedicated to supporting clients. A director and staff from an accounting practice, Kendons, share their experiences on how the decision to ‘buck the trend’ has enhanced their practice service offering, streamlined valuation services & improved staff development. Ian states the Coronavirus has created opportunities to help clients with business plan...ning and the rollout has exceeded expectations. Kate explains advisory services as being the ‘buzz word’ in the accounting industry, however, staff were looking for the practical HOW TO. Kate believes the new Accountability App offers huge growth opportunities for Mentoring, CFO and BoA services. Andre is the internal product champion. He discusses his own professional development, high levels of staff engagement and generating new advisory and sounding board services fees in these uncertain times. We hope you enjoy the interview. https://youtu.be/bXUxFxhmEPw

08.01.2022 On March 31, Bstar releases new SME Research. In the current environment this information is vital to the success of your clients. In a short web video, Bstar’s CEO explains how accountants can use the Insights to help and support business owners. https://youtu.be/cc2BiOayRaU

08.01.2022 As the accounting industry continues to adapt and evolve as a result of the effects of COVID-19, we are seeing 3 emerging trends across our network of accounting practices in Australia and New Zealand. 1. Recovery Planning Initially the uptake of recovery planning was slow due mainly to a focus on JobKeeper and Wage Subsidy benefits and an avalanche of COVID-19 support messages. ... It appears in the last month or so, the reality of the current environment combined with a reduction in these support packages has triggered more and more business owners to start their recovery planning process. 2. Business Valuations There has been a surge in the number of business valuations being completed as SMEs take action to protect/restructure their business assets, adopt insolvency prevention measures, plan their succession and unfortunately in some cases due to relationship or marriage breakdowns. 3. Accountability Finally, we have received overwhelming interest in our new Accountability Application. The Application streamlines the management of client meetings and positions accountants as their clients’ key sounding board to hold them accountable for the implementation of business recovery/improvement plans and related action items. Learn more.https://bstar.com.au/

07.01.2022 Accountants like hearing from their peers. So, following our recent insight on how the demand for business valuations has surged during COVID-19, we interviewed Sandeep Singh who shares how he secured a new client engagement worth close to $100,000 in fees that started with a valuation. Sandeep discusses how his practice was able to achieve a great outcome for a family business via their business valuation and succession planning services. COVID-19 accelerated the succession... process and providing an independent value assessment supported by in-depth industry benchmarks created the point of difference to win the engagement. The valuation has generated a range of other fee opportunities including debt restructuring, family office & virtual CFO services and compliance work. This is the first in a series of interviews we have recorded where accountants in Australia and New Zealand share their experiences on how they are helping clients and discuss the benefits to their practice. We hope you enjoy the interview. https://bstar.com.au/business-advisory-/business-valuation/

06.01.2022 Business advisory services - back to the basics - https://mailchi.mp//masterclass-recovery-sounding-board-so

06.01.2022 Over the next few weeks, the conversations your clients have with you will move from COVID-19 support to recovery planning. SME research confirms business owners that have plans in place survive and recover. Just over a quarter (26%) of SMEs engage in regular planning, with only 6% having comprehensive plans that were actively managed. Coronavirus has changed the way you provide and charge for services to get your clients’ businesses back on track. ... Instead of one on one improvement planning sessions, you will need to establish structures and processes to offer online, low cost, DIY planning workshops in a group format along with ongoing support packages paid for in advance. Utilising Business Recovery Program technology is essential to achieve this outcome. https://lnkd.in/gkg3c9K

05.01.2022 We recently reported how the demand for business valuations is soaring during COVID-19. Succession planning is one of the main triggers for this, as owners are starting to realise their own mortality and take action to reduce stress, share risks and workloads. Business valuation solutions are an integral component of a succession planning process. Firstly, to determine an independent and fair value and secondly to demonstrate to successors the potential for improvement.... Not only has the Coronavirus created a surge in interest for these services, it is also impacting values in 2 key areas: 1. Managing working capital requirements as SMEs increase the amount of ‘investment stock’ to safeguard against supply chain threats; 2. Assessing the pandemics impact when determining a business’s sustainable profits. Watch our accountant interview: business valuations & succession planning during COVID-19. https://bstar.com.au/

05.01.2022 Creating a client for life is rated by accountants as the top benefit of Bstar’s new Accountability App.

04.01.2022 Given current business conditions, the need for SMEs to have access to a sounding board is critical as it will hold them accountable to implement the action items that will ensure their business survives and rebounds. Accountability is what your clients need and will protect your fees, profit and cash flow. With this in mind, over the past few months we have been working with Bstar Alliance Partners to develop a 'first of its kind' sounding board solution the streamlines the ...identification, management and implementation of business improvement action items. Our new online solution is the Accountability Application. The Application can be used on a stand-alone basis for any client meeting and will help you grow and improve the profit margins of your Mentoring, CFO and Board of Advice services. A unique feature is the automation of goals, strategies and action items linked to the high concerns from an owners risk diagnostic. Watch the video to learn more. https://youtu.be/BpJ04uiUU1s

01.01.2022 Accountants have a unique opportunity to guide business owners through these extremely difficult circumstances. Our new Research Report confirms SMEs need urgent help, calm leadership and sounding board support is what they are after in the current environment. 78% are vulnerable to even a short term shock or disruption, indicating they held either no cash reserves (20%) or ‘limited’ reserves (58%). There are 2 stages of help and support accountants can offer their SME client...s. Stage 1: Crisis Share the SME Research with all your business clients to let them know you are there to help and support them; Identify high risk clients and complete a virtual risk and value driver assessment to keep their business operating. Stage 2: Recovery This crisis will eventually pass and hopefully the stimulus packages will protect the majority of your SME clients. Your clients will then need support during their recovery period. Offer sounding board services to do this centred on reducing their business’s internal and external risks. The Report’s Executive Summary is now available, send it to all your business clients. https://lnkd.in/gy2rZMV

01.01.2022 Since the outbreak of the COVID-19 accountants have been inundated with requests from clients for assistance around stimulus packages. There is high concern most might not be paid for these support activities. In discussions with our Partners, many practices are seeking recovery solutions with guaranteed client fee payments. Bstar is pleased to announce our Business Recovery Program technology is being released today which enables accountants to offer online recovery planning... and support services to business owners starting at $250 per client with payments made upfront. These services extend beyond preparing a profit/loss and/or cash flow budget. They examine key internal and external risks affecting recovery and performance. Business owners are able to: Prepare their own, online Recovery Plan; Update goals, strategies and action plans over time; and Select a range of ‘prepaid’ support packages to work with their accountant to implement their plan action items. We have been working with Ross Raymond from Ashfords Accountants to rollout out the Business Recovery Program to their clients. https://lnkd.in/gkg3c9K