Builder Client - Advisory Services Nelson
The phone call I received from his accountant was an SOS call! The client said he called 0800 help and he got me at the other end of the phone. When we started working together, things were quite frankly a mess.
He was unsure of how he was going to be able to afford to pay his GST and there were suppliers to pay and other payments piling up as they fell due. So we got to work to help immediately.
He was unsure what to pay and what was due when. It wasn’t clear on what was owed to him and if he was even making money on the jobs. So as a solution we:
- Setup regular meetings and phone calls
- We setup office procedures for him so we had invoices and receipts flowing into Xero
- Started to track his jobs in Xero and assigning costs
- Revised his hourly charge out rates and clients he was currently charging labour only to and the lack of value in these jobs
- Appraised his reporting and overheads as well as his debtor and creditor days
- Appraised where he was now and where he wanted to be – short term, medium and long term goals
- Wrapped it up with accountability and a support network
Now, 3 years later, he has just purchased his first home, married and has a wee family. Business has expanded and he has let go of the clients who were not paying him, but costing him. He is out of the red, and has signed on a massive building contract that he never thought was possible. His growth is more than he thought ever possible, he has a team around him that he can trust and we are still working with him on a day to day basis.
Along the way there have been challenges which we have all worked through. Advice is always available as to what he could use in line with his accounting package as his business grows. Time taken to check these, liaising with his accountant and anyone else involved as and when required are part of the service we offer also.
We have other clients that are similar to this that have required advisory services Nelson, who have had different challenges and requirements so we are able to help them however in different ways. These wrap around Advisory services Nelson are designed especially for you and have made an immediate impact on these businesses we have worked with. So, for more information on how we have helped others and can also help you, click on the Book now button below and lets gets this conversation started.