What does a Business Adviser do for a construction company?
A Construction Business Adviser reviews business performance, assesses commercial risks and opportunities, and helps Business Owners make informed decisions. Their work can involve project profitability, cash flow, business structure, management systems and growth. Some engagements address one decision, while others involve several connected business problems.
How can Business Advisory help your Construction Business?
Suppose your turnover has increased from $15 million to $25 million, but your profits have fallen.
Your Accountant may confirm that margins have deteriorated. The underlying cause could be Estimators accepting inadequate risk allowances, procurement commitments exceeding budgets or Project Managers including disputed Variations in their forecasts.
An adviser with construction experience should understand how those decisions affect your financial results.
Business Advisory also applies before major commitments. A tender for a substantially larger Project may look profitable, but the additional working capital, staff, plant and security requirements could place your existing Projects under pressure.
At Blaze Business & Legal, Rachelle Hare combines her 25+ years of Construction Law, Commercial Management and Business Advisory experience, including governance, compliance and risk services, to help you with your business. Shannon Drew combines his 25+ years as a Management Accountant, Virtual CFO and Business Adviser with Rachelle’s skillsets, and together they offer a depth and breadth of support for your construction business that few other Business Advisers can provide.
Our Business Advisory Services can address a specific decision or several connected problems. Where issues extend across Projects, management and financial performance, Construction Business Improvement may be appropriate.
Useful advice should establish what is actually happening in your business before recommending changes.
FAQs About Construction Business Advisers
1. When should a Construction Business engage a Business Adviser?
Consider engaging an adviser when you face a major decision, cannot explain declining performance or need expertise beyond your existing management team.
2. Does Business Advisory include financial management?
It can. Depending on the engagement, Construction Financial Management may form part of the work.
3. Can a Business Adviser help implement improvements?
Blaze Business & Legal can assist with agreed implementation work, including management arrangements, reporting and commercial processes.
Discuss your Business Advisory requirements
If your business is facing a commercial decision or performance problem, a Strategy Session can help you assess the position.
A 60-minute Strategy Session costs $650 + GST with Rachelle or Shannon, or $750 + GST with both advisers.
Discuss your requirements or call us for a free chat on (07) 3063 3373.
