The idea of “business as usual” is largely a myth. Virtually no operational business is static. It may be expanding into new areas, streamlining, growing, or facing hardship. Whatever the case, it is constantly evolving with every new challenge and opportunity. The plans and decisions that business leaders make along the way can shape the future of the company. That is why Whyte & Associates, Inc. of Rancho Cucamonga, California offers a wide array of consulting services to help businesses lay a solid foundation for success.
How consulting services can help your business
No matter what size or stage your business may be, financial consulting can help make your dollars work for you. This includes:
- Formation – If your business does not yet exist, then you can create a solid structure from the ground up. You will need to choose the type of entity, managerial hierarchy, accounting system, bookkeeping software, fiscal year, and more.
- Purchase – Perhaps you do not want to start from scratch, but rather buy an existing business. Ideally, this approach will get you up and running – and turning a profit – quickly. However, there are also countless potential pitfalls, which your business consultant can help you avoid. For example, consider whether you are purchasing the business or its assets, what liabilities will you be taking on, who will be responsible for accounts receivable, and whether leases are transferable.
- Expansion – Are you opening a new office, introducing a new product, or adding staff? Virtually any type of expansion requires an investment, so the first step in success is accurate financial projections. You do not want to underestimate costs or overestimate revenue. Additionally, if you are seeking financing, your bank or investor will want solid numbers. You will also need to consider the tax implications, and what deductions and credits may be available, and many other details.
- Daily operations – Business consulting services are not just for major milestones in a business. We can help you understand what financial reports mean, avoid errors in revenue projections, streamline payroll operations, create an effective tax strategy, and much more.
Get started today
If you need a little advice – or a lot of advice – to help your business survive, thrive, and grow, just give us a call (909) 575-0080.
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