The retail sector has always been at the heart of the economy and of our daily lives.
The local retail sector is comprised of small businesses and for many years we have provided business services and financial advice to a range of clients; from new start-ups to an expanding chain of stores.
In today's competitive retail market, achieving a strategic advantage is a complex challenge. At RSM, we combine our sector knowledge with a pragmatic delivery of value-adding services, including:
Understanding your buisness
Our specialist retail team is as passionate about your business as you. We have proven experience of supporting growing retail businesses to achieve their objectives and are committed to delivering a quality service, tailored to your individual needs.
Compliance and regulatory
We want to make sure your employees are paid on time and accurately. We also want to assist in completing the tax returns together with the tax computations so that these are submitted to the Tax Office in a timely manner. We also want to remove the administration burden for you by dealing with your statutory filings, maintaining your statutory records and minute book amongst other company secretarial matters. By providing this spectrum of compliance and regulatory services covering tax compliance, payroll and company secretarial will allow your management team to concentrate on the bigger picture.
Business improvement services
Cost-cutting strategies are the number one focus for retailers. There are opportunities to save money across the business, particularly in the areas of supply chain and distribution. Using a process optimisation approach, we can help you do ‘more for less’ and deliver material savings.
We know that for a growing retailer, an effective IT strategy is key to success and expansion. We can help to define and implement an integrated retail IT strategy, covering electronic point of sale/e-commerce, to enterprise resource planning and web map service.
The lifeblood of any business is the ability to forecast and plan cash flows accurately. Through development of cash flow models we are helping businesses to employ flexible systems designed for their organisation; not just an amalgamation of previous versions.
However you view your business’ future, standing still is not normally the right option. Domestic or international growth needs a careful strategy and adequate funding. There is money available from banks and investors alike but only for the best plans. We will help you create a convincing business strategy to satisfy funders and generate the necessary capital for growth.
Moving into new markets is now a core strategy for many retailers. Failure to achieve this can be due to a lack of diligence. We have the expertise to advise clients on what benefits and incentives are available to businesses to develop international trade opportunities.
Disposal of non-core assets
Unloved elements of a business are a continuing distraction to management but could have value in the hands of others. We help you to sell off your non-core assets, however marginal it may seem to do so.