Finance

Tailored financial solutions for startups

John Bruce-Smith is an experienced start-up CFO and can provide the benefits of

  • Having accurate & timely monthly financial statements
  • Cash forecasting and funding requirements
  • Financial controls
  • Obtaining government grants and tax incentives
  • financial insight & analysis
  • Incorporating tax implications into business decisions
  • Treasury and FX risk minimization
  • Company secretarial services
  • Intellectual property protection

Virtual and Part-Time CFO

The benefits of having an experienced CFO in your business may be obvious but either too expensive or full-time work is not required. The solution is in having a virtual or part-time CFO.

John Bruce-Smith can provide an ‘on-demand’ CFO role as he has done for many start-ups and high growth companies, either on a part-time basis (1-2 days per week) or as a virtual CFO (as and when required). Each company will have its own unique situation and John is able to tailor his level of involvement to suit your needs.

Implement tailored procedures for your business

John can implement the right level of bookkeeping, accounting services and accounting system for your business along with experienced associate bookkeepers & accountants, vetted by The Growth Execs. John can ensure any financial management system is appropriate to the business and used to maximum benefit. He strongly supports cloud-based systems for start-ups and high growth businesses.

Take your business global

Take your company into the global marketplace. John has assisted numerous companies in obtaining the desired staff in the most administration and tax efficient manner. Just moving employees from Australia for a limited time but still paying them from Australia may seem simple and efficient but it creates large tax liabilities and insurance risks.

Provide Employee Share Option Plans

Start-ups often wish to provide their staff with some form of ownership, or Employee Share Option Plan in the business which is complex in Australia. John has helped devise numerous Employee Share Schemes by pulling together lawyers, tax accountants and the people services of Jodette Cleary. They have also collaborated on payroll systems, bonus and long-term incentive schemes for employees & executives in Australia and globally.

Finance and Technology, in partnership

High growth companies are very often those harnessing technological innovation. In this area, John has worked with both Soren Harner and Glenn Butcher in devising appropriate project budgets, milestones, KPIs which support the company’s strategic objectives and provide pertinent information for the R&D claims in the annual tax returns or quarterly reports for government grants.. John has been intimately involved with the Australian Tax Office on software revenue recognition (especially for SaaS) and Glenn & John have been consulted by AusIndustry who administer the R&D Tax Incentive.

Acquisitions & Divestments

The Growth Executives can provide the team to perform financial, technical and HR due diligence and can bring in tax & legal expertise, all executives who have worked together on previous deals. John has lead the team and personally provided:

  • Due diligence and warranties
  • Purchase negotiation, cash flow & legal agreements
  • Cash flow & deferred payment structure
  • Closing settlements
  • Employment & retention of key personnel
  • Acquisition accounting

People Services

Tailored Professional HR solutions drive business success.

Jodette partners with you to maximise the performance of your teams via the effective implementation of expert HR solutions customised to suit your business.

Can you afford NOT to engage The Growth Execs Principal People Consultant, Jodette Cleary?

Review the Academic proof:

  • High Performers Drive Profit: In a recent Academy of Management Journal study of 1,000 publicly held U.S. firms, it was found that a 10% increase in high performing HR practices is associated with:
    • $27,044 more in sales per employee
    • $18,641 increase in market value per employee
    • 7.05% decrease in employee turnover
  • Effective HR Management Increases Market Value: In a longitudinal study by Watson Wyatt Worldwide of 750 large North American and European companies, a significant improvement in key human capital practices led to an increase of 47% in market value.

  • Engaged Employees Drive Net Profit & Stay: A large scale study by ISR found that companies with high levels of employee engagement witness an overall 2.1% percent increase in net profit compared to a 1.4% percent drop in net profit for companies with low engagement. In addition, HR Magazine reported that a large software company found that highly engaged employees are 1.3 times more likely to be top performers and 5 times less likely to voluntarily leave the company. Highly engaged sales people outperform disengaged employees by 28%.

  • Talent Boosts Productivity: In a survey reported in The Mckinsey Quarterly, of 410 corporate officers at 35 large U.S. companies, it was concluded that a high performer generates 40 percent more in increased productivity in operations roles, 49 percent higher increased profit in general management roles, and 67 percent more in increased revenue in sales roles.

  • Effective Leadership drives Engagement & Productivity: A survey into workplace management by the University of Melbourne’s Centre for Workplace Leadership (CWL) found 75% of Australian workers feel they need better management and leadership.

    “Australian workers lack faith in their leaders,” Professor Peter Gahan, of the CWL, said. “Leadership is the often neglected ingredient in productivity with studies showing that employees who have greater job satisfaction and motivation create workplaces that have productivity gains of 30%.”

    The study surveyed over 2,000 workers and found 25% do not have someone in their workplace whom they view as a good leader, with 35% of senior and middle managers lacking a workplace role model.

So, ask yourself the following:

  • Are you pro-actively managing your Employment Legal Risk Exposure?
  • Do you have the right people/skills to grow your business?
  • Are your employees motivated, engaged and giving 100%?
  • Are you attracting the best people to your business?
  • Are your managers inspiring leaders?
  • Do you have a Business Aligned People Strategy to enable your Business Goals?

If you answered 'no' or ‘I’m not sure’ to one or more of these questions, then contact Jodette Cleary to discuss how a partnership with The Growth Execs can assist you.

Jodette provides a full range of Best-practice, Customised HR advice, services and support:

  • People Strategy/Workforce Planning

    Put the right initiatives in place to secure your talent and ensure you are ready for growth

  • Employment & OH&S Legislative Compliance

    Sleep well at night knowing you are not exposed to costly employee legal claims

  • Employment Contracts & Correspondence, HR Policies, HR Programs

    Get the basics right and support your employees to deliver superior results

  • Sales, Management & Employee Incentive, Recognition and Benefit Plans

    Motivate and reward your best performers.  Keep your top talent.

  • Organisational, Team and Individual Effectiveness Review

    Obtain real insights into what is working and what is not, so you can ensure business success.

  • Organisation, Team and Individual Growth Action Plans

    Put the right plans in place to action real change and achieve growth

  • Get your company positioned for Best Employer Status

    Obtain external and internal recognition for the great place to work you have created

  • On-call Expert HR and Employment law advice

    Quickly check-in on performance or adverse employee situations to avoid legal issues later.

  • Performance Management

    Acurately measure and reward indivudal contribution and ensure alignment to business goals.

  • Performance issues, Redundancy & Employment Termination Advice and Assistance

  • Employer Brand and Employee Value Proposition strategies

    Attract and keep the best employees to power your business

  • Recruitment strategies, methodologies and system advice and implementation

  • Executive and High Impact Role recruitment – flat $25K fee of packages $150K+

Technology

Do you have a start-up or small business that you want to grow? How is your technology strategy and platform positioned for this growth? Ask yourself the following:

  • Do you need to perform a technical due diligence on a potential acquisition?
  • Is your Technology team not delivering?
  • Do you need advice on Software Development Methodologies?
  • Does your technology solution design need improvement?
  • Is your Product development strategy aligned with your company strategy?
  • Are you unsure of your Cloud strategy?
  • Is your website downtime costing you customers and revenue?

Then you need to speak with Soren and Glenn at The Growth Execs!

Glenn Butcher and Soren Harner provide best practice, customised solutions to deliver the best product, technology and operations results:

  • High-performing Engineering Cultures

    We put the culture in place to ensure long-term success. Cultivating a sense of connectedness in remote teams are a speciality of ours.

  • Cloud Strategy

    Can you afford not to be in the cloud? Create a Cloud strategy and implementation to suit your business.

  • DevOps and Agile methodologies

    Use Best Practice processes to deliver optimum results.

  • Due Diligence and Audits

    Ensure your investment is sound with expert advice, with a plan to rectify.

  • Create efficient customer-orientated operations

    Improve the customer experience by creating customer-centric processes that deliver consistency and reliability.

  • On-call Product, Team, and Technology advice

    Quickly check-in on technology decisions to avoid costly legacy technology and scaling issues later.

  • Align all parts of a company - engineering, sales, and customer service

    Gathering employee feedback via an internal third party will give a true picture of the inside of your organisation. Empower staff to take ownership of new processes and procedures.