Business Growth Strategy and Advice
Every business owner wants their company to grow and expand. Read on to find out more about how Pat and his team can help you and how you can get in touch.
You don’t have to have dreams of world domination. You don’t have to be down on your luck and in debt. Even if you’re doing pretty well at the moment, it’s natural to want to take things to the next level.
By now you may be familiar with some of the more common growth strategies: find new markets to tap into, expand your range of products and / or services, become part of a joint venture. While all these strategies can be useful, sometimes it’s difficult to know which of them would be best for your business – or if another strategy altogether would yield the biggest benefits. That’s why it helps to engage a business growth strategy and advice expert to ensure you pick the right strategy.
Pat Robards can help you select the best available strategies for business growth and execute them in a way that will give you the highest chance of success.
Although Pat is known for his accounting expertise, don’t underestimate the experience and understanding he can bring to other industries - including yours. Pat wants to help your business reach its full potential and help you maximise your profits, and he has the skills to do so. On top of his long and accomplished accounting career, Pat has also been a CEO, a Financial Controller, a General Manager and the Principal of his own business. He understands your hunger to push your business to its full potential and make it all that it could be.
Pricing and Discounting
Discounts and loyalty offers can be effective marketing strategies that help you attract new customers and move more stock when sales are slow. Yet there are some important considerations to keep in mind. What’s your current profit margin? How about markup or breakeven point?
Before you start practically giving your stock away at a fraction of what it’s really worth, contact Pat Robards Advisory.
Pat and his team will tell you how much you can reduce your prices and reasonably expect to make a profit. They’ll also tell you how much you should realistically be selling your goods for. Too low and you’re selling yourself short and not making as much revenue as you could be. Too high and you’re costing yourself business. There’s a fine line and sometimes it’s tricky to walk.
Drawing on his accounting background, Pat can help you calculate your gross margin, your net margin, your markup point and all the other factors involved in pricing such as cost vs. demand for product and government regulation. He’ll help you figure out the most appropriate strategy not only for pricing but for marketing of your goods as well.
Sometimes you need to make deep, fundamental changes to how a business is run in order to maximise your potential. Sometimes the changes required are so pronounced that you’re essentially building the business again from the ground up. As daunting as this might sound, remember the old saying “you’re not starting from scratch, you’re starting from experience.”
Of course, it helps to have somebody with more experience in your corner so you can create a business that achieves your goals. That’s where Pat Robards fits into the picture. With more than 30 years’ worth of experience behind him, he can help you radically rebuild your business to play a part in your own personal success story.
No doubt you’re already familiar with the process of bringing a new product to the marketplace: identifying demand and a target market, researching and analysing findings, planning, developing a prototype and sourcing materials and partners/suppliers for production. Once you’ve run through these steps, you often have a pretty clear idea of what the product will cost. But you can’t possibly do it all alone.
Having somebody more experienced to support you will ensure the process is as efficient and as effective as you want it to be.
Drawing on his decades of experience in the business world, Pat will offer you high-quality product development mentorship. You’ll learn the most effective ways to read the tastes of the public and understand demand, test your product and make the necessary adjustments, find the right suppliers and material and get a handle on your marketing.
Get In Touch
For business growth strategy and advice in Southeast Queensland backed by decades of experience, contact Pat Robards Advisory today.