Your business has a unique element that no other business has—the aspect of the family. This difference can play a significant role in decision making and offers both opportunities and challenges. We understand that the growth and sustainability of your family business lies in the fine balance between the needs of the business and the expectations of your family members.With its knowledge and experience with family businesses around the world, KPMG Enterprise business advisers have worked with companies - large and small - to address the needs of the business, and the family.
Business planning
Developing a strong business plan is critical to the success of any startup business. KPMG Private Enterprise works with entrepreneurs to help build robust plans that include detailed strategy around all aspects of their organization: finance, sales and marketing, operations, supply chain, procurement and engineering.
Startup financing
You have a fantastic business plan – now you need the financial support to bring your plan to life. But what financing options are available to entrepreneurs? Are there government programs for startups in your sector? Can your concept attract strategic or angel investors?
Business strategy services
When it comes to doing business, status quo will not work for long. There’s little doubt you’ll face ongoing threats, whether from new technologies, competition, or industry changes. As an owner-manager, you need to think about the future today so you can build a sustainable model for your business.
Corporate tax
Having an effective corporate tax program means keeping on top of trends and key issues. When tax changes or rulings are announced, timely analysis can help you understand how your business will be affected so you have time to adjust your tax processes accordingly.
Expanding internationally
When it comes to growth, you’re thinking beyond your borders. International expansion presents many opportunities, from expanding your market base to lowering your costs. It also presents unique risks – different regulatory rules and requirements, tax implications, and culture or language barriers.
Assurance
The need for effective risk management and controls is crucial in an environment of increased scrutiny. It is important to minimize these risks in an entrepreneurial business, not only for the business itself, but also for the family, property holdings and capital. Implementing controls, securing new financing, efficient tax management and optimization can all have a positive impact on the bottom line of your business.
Personal tax
As the owner-manager of a business or a new entrepreneur, corporate tax shouldn’t be your only concern. To manage your overall tax burden effectively, you need to understand how tax rules and changes may affect both your personal tax situation and that of your family The challenge is that personal tax law is complex and rules can change quickly.
Going public
Taking your company public is an exciting process. It brings with it prestige and higher visibility in the market. At the same time, going public brings new risks, including complex accounting and reporting requirements and the need to manage new stakeholders – like the board and your shareholders. To get the most reward, you need to be well informed and well prepared.
Growth
Growth is an essential ingredient to continued business success. While most businesses can achieve growth organically, this can require considerable time and effort. In order to grow sustainably, entrepreneurial businesses must consider all of their market opportunities including seeking out complementary businesses for acquisition, potentially divesting non-core businesses, outsourcing functions to increase cost efficiencies and potentially expanding into the emerging markets.
Financing and M&A
Mergers and acquisitions can be a great way to grow or diversify, but navigating the options can be challenging, especially for entrepreneurial businesses. How can you be confident that the deal you’re making will achieve your desired outcomes?
IT
An effective, well-managed information technology (IT) system is one of the most valuable business advantages an organization can secure. The right technology, implemented properly, appropriately managed and monitored, can lead to significant gains in growth and efficiency. It is essential to get sound business advice to ensure technology risks are managed. IT is challenging to get right and expensive to get wrong — not only in terms of dollars spent, but also in lost efficiency and potential regulatory infringements.
Cyber security
When it comes to cyber security, the world is constantly changing. New threats come up every day, while information security is becoming a critical focus of governments and regulators. Do you know your biggest cyber threats? Are you managing and protecting your client information appropriately? You might think because of your size or your location that you’re not at risk. That’s not the case. Every business faces cyber threats.
Cash and working capital management
When it comes to business costs, many entrepreneurs have challenges understanding their working capital requirements and how they can align their operations in order to maximize cash and reduce debt costs. You may not realize there are tools and processes that can help you manage your working capital far more effectively than ever before.
Succession planning
When it comes to running a business, the toughest decisions can be around succession. As an owner-manager, you want to make the right choices, for your business – and your family. Starting early is critical for a smooth transition. By making decisions and developing transition timelines, you can avoid conflict and build the support and buy-in your successor will need.
Selling your business
Deciding to sell your business can be difficult. You’ve put your life into your work and want to get the value you deserve. But realizing value can be challenging. How can you make your organization attractive and find the right buyer? You’ve spent years building your business. Let us help you get the most out of selling it.
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