Small Businesses - Financial Benefits
In addition to the day-to-day operating benefits, there are significant financial benefits associated with working with Cofficient. These benefits will be directly related to:
- Operating structure, and/or
- The Opportunity Cost of not working with Cofficient - i.e the time and money you may forgo.
Operating Structure
If you are currently operating as a Pty Limited company, a Partnership or Trust you will be aware of the benefits these structures offer over being a sole trader, and the majority of the financial benefits will be derived from the opportunity cost of not working with Cofficient.
If you would like to discuss alternate operating structures, contact Cofficient for an obligation free discussion.
Opportunity Cost
Quite simply….working with Cofficient will save you time, and money.
With the time you save you can be spending more time with your clients, developing your skills, or simply enjoying a better quality of life.
With the money this generates you can be attaining your goals more quickly, re-investing in your business to achieve additional growth or realising your quality of life objectives.
All of these things, you will agree, are more beneficial to yourself and your business, than worrying about administration and accounting yourself, or paying an expensive resource to do the same. Cofficient is a cost and time effective solution that gives you the peace of mind that you get from having a personal financial controller.
To quantify the benefits associated with working with Cofficient, consider the following questions?
If you complete your administration and preliminary accounting functions yourself:
- How many hours a week do you currently spend on administration in your business ?,
- What is your hourly rate?,
- Could you be generating additional revenue during this time ?
- Could you be growing your business during this time ?
- Could you be enjoying an improved quality of life ?
- Would you benefit from having your own personal "Chief Financial Officer" ?
Or alternatively…. If you employ someone to complete your administration and preliminary accounting functions:
- How much do you currently pay a book-keeper for a similar service ?, and
- Could the Cofficient option be more price competitive ?
- Could you be putting your dollar savings to better use, either for your business, or for yourself personally ?
- Would you benefit from having your financial up to date on a daily basis ?
- Would you benefit from having your collections managed on a daily basis ?
To discuss the answers to these questions in more detail, contact Cofficient for an obligation free discussion.
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