Best Accountants
Starting a new business or deciding to accelerate the growth of an existing business
CPC Accounting works with new & existing entrepreneurs all the time, and we find 90% success stories. Share a discipline which unfolds as follows:
1. A 60-month detailed business plan, based on lead generation strategy, client acquisition potential and resulting in a “Profit after tax” tracked every month against actuals, leading to a Vision of Profit after tax and Business Valuation after 5 years.
The 5 Year Business Plan builds a very realistic Profit after tax growth (assessing the Product Pricing, Volumes sold, employee expenses, Cost of goods sold, ROI for Advertising & marketing expenses, operational expenses), a monthly Cash Flow analysis and a monthly Balance Sheet tracking the need for Credit Lines, goodwill, etc.
The business plan is tested under various stress simulations, and a decision to proceed is based on a simulation agreed upon by the owners and Clearwater Professional Corporation.
2. Once step 1 is approved, we go forward and execute the following:
- Incorporate the company
- Open Bank accounts
- Register with CRA (I.tax, HST, Payroll, WSIB, etc)
- Set up cloud-based accounting systems
- recruitments
- Open the door for Business
The above steps typically take two weeks.
For existing owners, milestones, deliverables, and resources are put in place based on the 5-year business plan (60 months) to achieve the Growth aspirations, measured by Profit after tax and Business Value for sale at the end of the 60th month.
