Business Coaching And Mentoring
World class athletes recognise the importance of having a coach whose role is to help the athletes with their technique, strategy, planning and motivation. Equally, business owners looking to improve the performance of their business should consider engaging a ‘coach’.
As Michael Gerber points out in his book, ‘The E Myth – Why Most Businesses Don’t Work and What To Do About It’, “Most people work IN their business. The secret is NOT to work in it, it’s to workON it so that you don’t have to work IN it”. Unfortunately a large number of business owners work long hours for inadequate financial returns and a business coach could improve their financial outcomes by providing strategy and direction.
According to research from the 2013 MYOB Business Monitor, small business operators who used their accountant as a business advisor last year were 31% more likely to see an earning uplift. Of the 1005 business owners surveyed, 89% used an accountant but only 32% of owners reported having an advisory or consultative relationship with their accountant. Of the 32% of business owners who worked with an accountant as an advisor, one in five (21%) saw a rise in their revenue over the last year.
Our clients enjoy a ‘business coach’ relationship and we help you work ON your business to develop an enterprise that works independent of you. We offer you strategies, systems and processes to ensure your marketing generates a better return and repeat business. We use tools and techniques to increase sales, productivity and make your financials more meaningful. When you work with us you have a business advisor committed to your results.
Services We Offer
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Start-Up Business Advice
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Advice regarding the Purchase or Sale of your Business
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Tax Registrations including ABN, TFN, GST, WorkCover etc.
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Preparation of Business Plans, Cash Flow Forecasts and Profit Projections
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Accounting Software Selection and Training – Bookkeeping, Invoicing & Payroll
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Preparation and Analysis of Financial Statements
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Preparation of Finance Applications
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Bookkeeping and Payroll Services
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Tax Planning Strategies
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Plus More
For most businesses, marketing can be the difference between boom and bust. In the digital age your website and social media strategy are critical. We can help you with your branding and provide advice regarding your website’s features, functionality and content. We have worked with dozens of clients and website development teams to create affordable, quality client websites that are proven to generate new business. If you need help with your corporate brochure, newsletter or want to harness the power of social media to win more referrals we can also provide advice and direction. We believe our marketing and business coaching skills set us apart from other accounting firms.
In 2013 we also ran a client seminar to introduce our clients to some breakthrough marketing strategies and business automation tools to help them transform their businesses into smarter, faster and more streamlined operations. The rationale was to give our clients a serious competitive edge in their industry by showing them the latest website tools, video marketing, search engine optimisation techniques, digital publishing and social media strategies. If you aren’t aware of these tools and channels to promote your business then your business is never going to reach its full profit potential.
If you are looking to grow your customer database through online campaigns or want to build your own YouTube channel we can guide you through the process. We can help you with the development of your e-booklets and your client newsletters using digital publishing methods and no job is too big or too small for the team at McHenry Partners.
Our goal is to help you fast track your business success and the team of business specialists at McHenry Partners offer you a full range of accounting, taxation and business coaching services including:
- Business Start-Up Business Advice
- Marketing Audit including the establishment or evaluation of your branding, website and social media strategies
- Advice and Assistance with Website Development, Content and SEO
- Spreadsheets and Tools including a Start Up Expense Checklist, Business Plan Template, Cash Flow Budget, Letterhead and Business Card
- Advice and Establishment of Your Business Structure
- Tax Registrations including your ABN, TFN, GST, WorkCover etc.
- Preparation of Business Plans, Cash Flow Forecasts and Profit Projections
- Cloud Based Accounting Software Selection and Training (Bookkeeping, Invoicing, Payroll etc.)
- Preparation of Finance Applications for the Bank
- Preparation and Analysis of Financial Statements
- Bookkeeping and Payroll Services
- Tax Planning Strategies
- Wealth Creation Strategies and Financial Planning Services
- Vehicle & Equipment Finance
- Advice & Assistance with Pricing
- Advice regarding Claiming Motor Vehicle Costs
- Advice regarding Employee Relations and Workplace Laws
- Business & Risk Insurances
- Business Succession Planning
Client Testimonials
“We have had a strong business relationship with McHenry Partners for 20 years now! We continue to find their accounting, taxation, business consulting and financial services to be very professional and have been a great support for us during our business journey.”
John Spence
Prestige Caravans Geelong
“We had only been in business for 18 months and growing at a quick rate but felt we needed a mentor or coach to provide more guidance to address the ‘growing pains’ we were experiencing. Our existing accountant had prioritized a compliance focus. By moving across to McHenry Partners they were able to point out improvements to our credit policies, train us on a better financial management system and guide us on the working capital we required to support our growing business. Also introducing us to their associates to help us in areas of expertise, such as asset finance.
I am feeling more in control now and confident we can sustain our growth to achieve even better financial returns.”
Andrew Palmer
Surfcoast Cabinets
I first met with Will from Vostro Private Wealth to consolidate our personnel insurance. Will was very helpful, understood our position & organised to oversee our policies. Shortly after I needed to make a claim and through Will and Kylie the process was made easy and our claim processed promptly.
Will is now providing financial planning for our Self Managed Super Fund. He has implemented a plan we are comfortable with and look forward to working with him in the future to assist our transition into retirement.
Doug Cameron
“While we felt we had great educational products and services, we were struggling to effectively market these to increase sales and our business seemed to be ‘treading water’. McHenry Partners really helped us to focus on the key profitable services and clarified the target market to promote these services. We contracted the right sales people with incentives for them to perform well. As a result our sales have doubled in each of the last two years without increasing administration staff. Our quarterly consulting meetings with McHenry Partners involving discussing our recent financial performance but more importantly guides us on what actions we need to do to improve the business over the following three months. Our business has come a long way in a short period of time.”
Donna Bowman
Enhance Your Future
I have medical practices in Geelong and Ballarat.Before moving to McHenry Partners my prior accountant was charging me large compliance fees and lodgments were being made late.
My bookkeeper, accounting software and the accounting firm just wasn’t working well enough and I felt like I was being left in the dark.
Making the move to McHenry Partners resulted in positive changes:
- A cloud-based accounting system was adopted.
- A better bookkeeping solution was offered at a more cost-effective rate.
- Communication of financial results and tax position is excellent.
I am now well informed and compliance lodgments are on time.
This has made my life less stressful knowing things are well under control.
McHenry Partners are always available to quickly respond to my queries and it has been a pleasure to work with them.
www.medicaid.com.au/medicaid-Geelong
Dr. Carl Grace
MedicAid
“McHenry Partners have been our Accountants for many years and we have always found them to be professional and very supportive. When I retired from the business they were able to assist with the sale of my shares to the remaining partner and my transition from the business. Their Financial Planning services were able to set up my Self Managed Super Fund and help me manage my investments which I am very happy with. I have even appointed Steve McHenry as my back up Power of Attorney given the trust and confidence I have.”
Craig Harrison
We are so much more than just tax accountants. We are ‘business and profit builders’ who offer you practical marketing advice and proven financial solutions. We genuinely care about your business success and we combine our knowledge of your business with our expertise and consulting tools to help you achieve more than you imagined possible. Knowledge is power and if you know how your business is performing, you can make informed decisions and have the power to control your results. We can help you identify emerging issues so that a minor problem never becomes a major crisis. No matter what size your business is, success comes down to strategically thinking about the future.
We use tools such as benchmarking to systematically measure your operating performance over time and then compare the results against similar businesses. It helps identify key strengths and weaknesses which in turn allows us to develop strategies to improve the operating performance of the business. Statistics, ratios and key performance indicators (KPI’S) are monitored and we compare them to prior periods and available industry data.
Accurate and timely financial information is vital in the business coaching process. For this reason, when recommending the accounting software for your business we match your business needs with your level of accounting skill and where required, train you to use the software whether it is Xero, MYOB, Quicken or Cashflow Manager.
We have a commitment to excellence from compliance to consulting and our experienced team can provide advice that is both technically sound and success driven. Contact us today about our business coaching services and let’s get to work ON your business so it’s more profitable and valuable.
To take the next step we invite you to book a FREE, no obligation, one hour introductory consultation to discuss your business needs. You’ll get practical business, tax, marketing and financial advice that could have a significant impact on your bottom line. To book a time, call us today on 1300 789 844 or complete your details in the box at the top of this page.
Supporting Businesses & Individuals Across Greater Geelong
We work with clients throughout Geelong and surrounding suburbs, including:
Make a Change…
Get in touch
Not getting what you need from your current accountant? McHenry Partners are here to change things for the better.
Our initial free consultation will identify whether you're comfortable with our personality, style, service & value that is to be provided so you can make an informed decision to engage us.
We will provide an ethical letter to your Accounting firm advising we are managing your financial compliance obligations from here and request any information that we may need.
We will agree with you on the services you require from us over the next 12 months and agree on a fee amount and payment terms that are suitable to both parties
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