Business Performance Review: Big Firm Services with Small Firm Fees
Most accountants tell you what happened last year. A Quantum House business performance review tells you what is likely to happen next, and how to change it.
Our Business Performance Review and Forecast service is one of the most useful tools available to SME owners who want to make informed, data-backed decisions. Using industry benchmark data from IBISWorld and your own financial records, we identify where your business is outperforming or underperforming its sector. Then we build a practical action plan around the findings.
What the business performance review includes
- A detailed review of your profit and loss statement, balance sheet and cash flow.
- Industry benchmarking against IBISWorld sector data and key performance indicators.
- Identification of cost, revenue and margin improvement opportunities.
- A 12-month financial forecast with scenario modelling.
- Quarterly monitoring sessions to track progress and adjust strategy.
- A written report with clear, actionable recommendations.
Why benchmarking matters
On their own, your figures only tell part of the story. For example, a 30% gross margin looks healthy until you learn that similar businesses achieve 40%. Benchmarking therefore shows where the gap is and how large it is. Our article on how your SME compares to industry averages explains the method in more detail.
In addition, benchmarks matter for tax. The ATO publishes small business benchmarks for many industries, and figures well outside the range can attract attention. A business performance review therefore helps you understand how both your market and the ATO see your results.
A plan you act on, not a report you file
Above all, this is not a report you file and forget. Instead, we meet with you regularly to implement the recommendations and track outcomes. After all, our goal is to increase the real value of your business, not just to produce a document. Where you need ongoing support, our outsourced CFO service can continue the work, and our guide to cash flow forecasting shows how the forecast stays current.
Frequently asked questions
Who is a business performance review for?
Generally, it suits owners of established SMEs who want to grow profit, prepare for finance or sale, or simply understand why results have changed.
How long does it take?
First, the initial review and report usually take a few weeks, depending on how quickly we receive your records. After that, we meet quarterly to monitor progress.
To arrange a business performance review, contact our Sydney office.