Our Industry Specialisation
Hospitality
The difficulty of hospitality is making a good margin with the right product. Hospitality is about the whole experience, it is not just the food, but the surroundings and the service.
We understand that the challenges faced by the hospitality industry are immensely high including high employment costs and heavy compliance pressures coming from the governments. Cost management is another issue for most café and restaurant businesses in Australia. We believe we are the most effective professionals to attend those tasks our clients need to grow.
Manufacturing
Our primary focus in this sector is efficiency and process improvement. Manufacturers cannot survive the ongoing pressure of increased labour cost and skill shortage, emphasising our need to concentrate on efficiencies. Our clients in the manufacturing field range from cabinet makers, commercial furniture manufacturers and many others.
Construction
We have worked with builders to establish workflow management processes and accounting systems implementation to determine job costing and profit analysis. Furthermore, we look closely at how to stand out in a very competitive market.
Real Estate Agencies
Real Estate Agencies in Australia are facing fierce competition in the industry. Acquiring clients for the sales and rent are getting harder, and it requires better management to win the game. Trust account management and collection of the rent on time are challenging for those agencies with less than three years in the business.
With LBS, your agent business will have better management solutions with the help of technology and management skills. This enables your business stand out from the crowd, and regulatory compliance requirements are as simple as ABC including the trust account audit, accounting and tax. Working with us also gives a great value to your business for the high-end tax advice given to your clients.
With LBS, your agent business will have better management solutions with the help of technology and management skills. This enables your business stand out from the crowd, and regulatory compliance requirements are as simple as ABC including the trust account audit, accounting and tax. Working with us also gives a great value to your business for the high-end tax advice given to your clients.
Franchise
Establishing an effective franchise model has its challenges, making money as a proprietor as opposed to a franchisor is integral to ensuring that you and your franchisees are both successful. LBS has assisted on both sides of this matter it is clear what does and does not work.
Professional Services
Often those in the professional services sector are so busy working in the business – be they lawyers, engineers, architects, or the like – that they have no time to work on the business.LBS has experience and know-how to help owners manage and grow their businesses to build wealth for current and future generations.
Advice for Key Business Stages
We advise our clients throughout the life cycle of their business from start-up to exit.
Start Up
We advise on business structures, feasibility assessments, break-even analysis and financial forecasts including cashflow, budgets and business plans. We assess your financial requirements, register new businesses with the ATO and deal with all ASIC and company secretarial matters. Importantly, we’ll help you establish effective financial management systems that will grow as you grow.
Growth
Sustainable growth is fundamental to success. Acting as your CFO we help you to plan your growth targets and implement plans to help you achieve your goals. If your objectives are to increase your revenue, our advice will consider cash flow forecasting, profit improvement strategies, restructuring, finance options, tax planning and review of accounting systems and processes.
Expansion
When considering expansion into new markets and acquiring other businesses, our advice includes research, feasibility assessments, financial forecasts for expenditures and impacts on cash flow, tax planning, due diligence and a review of your current business structure in context of future requirements.
Succession
Whether you plan to handover your business to the next generation or sell, making your business sale-ready will allow you to confidently, and if required, quickly exit your business. Our advice considers succession to family members, business restructuring, asset protection, business valuation, business sale coordination, tax planning, superannuation and planning your personal financial affairs.