Business Services & Business Service Providers | LocalBook
Business services can entail anything that will improve the bottom line – finance, bookkeeping, accounting, tax preparation, debt collection, coaching and estate planning. Business owners cannot do everything themselves and will trust other business professionals to complete these important tasks. Usually, as your business grows, you will hire more people or outsource some of these business services.
Nowadays, the threat of Identity Theft has lead to businesses being more careful about their financial documents. Credit card records might be shredded and sent to a firm that will safely and securely dispose of these highly sensitive documents. These might be listed under business services. If your accounts receivables are past due, then you might want to contact a debt collection service.
You might want to hire someone with an expertise in the MYOB or Quicken software programs. They could teach you the basics or ensure that all of your records are entered properly. Certified Practicing Accountants (CPAs) will be following the latest accepted industry standards for preparing your books. If you need to make a presentation to a bank for financing, then preparing business reports would be included under business services. Of course, finance, insurance, banking and real estate might also be listed under the business service heading. A Chief Executive Officer (CEO) might want to hire business service professionals to prepare reports to be made to the Australia Securities & Investment Commission (ASIC). These are required by law and must be provided to all shareholders.
As your business grows, you might need some business coaching from professionals on various topics, such as public speaking, networking or international trade. You can hire part-time business consultants who might have run companies before, but are now freelancing and selling their advice. Startups might want to work with various business consultants to improve their product line, cash flow or partnerships. If you are considering buying or selling your firm, then you might hire mergers and acquisitions professionals from the local investment bank.
Crowdfunding is a new way for companies to raise capital. Crowdfunding allows regular Australians to invest in companies via funding platforms on the Internet. These venture capitalists or Angels will also be listed under business services. Wealth management, estate planning and stock investment is all included under business services.