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(MoneyNewsWire.Net, June 08, 2015 ) Melbourne, Australia -- Owning and managing a successful business requires a whole host of different people to ensure its development and longevity. Stable and profitable businesses are usually the result of expert collaborations, to ensure all the important components of what makes a successful business are in play.
As many entrepreneurs spend most of their time running and managing the business on a daily basis, the focus on future goals, business growth strategies, higher profit margins and exit plans often get misplaced.
Director of The Hendrie Group, Caren Hendrie believes that because of this, business owners often miss out on the intended lifestyle they perceived during the start-up process, and end up feeling burnt out, resentful and frustrated towards their business and its demands. www.hendrie.com.au
"There are a lot of risks involved with going into business, and entrepreneurs need to ensure they have strong foundations and a sound business structure to counter these threats," says Caren. "As accountants, we love using sensible structures to protect assets and businesses from risks and threats." www.hendrie.com.au
Caren Hendrie recommends three business growth strategies designed to lay business foundations and protect assets:
1. Put in place the right structures to protect the family unit against the outside world,
2. Take out personal insurance to protect the business and family financial position from unforeseen events, and
3. Tend to Estate and Succession Planning to make sure family members are protected and entrepreneurs don't end up in business with the wrong people.
The Hendrie Group mentors entrepreneurs, and helps ambitious start-ups understand what makes a successful business. Caren and The Hendrie Group recommend technological tools to businesses, to aid in administration and management, including online program and software solutions. www.hendrie.com.au
"There are some really amazing cloud-based bookkeeping software that can be run from anywhere in the world, like Xero and MYOB," says Caren. "This type of software makes life easier for business owners, so they can spend more time working 'in' the business, or being 'outside' the business spending time with their families, for example." www.hendrie.com.au
To discover more strategies for success, like how simple reducing costs in business can be, contact The Hendrie Group or visit www.hendrie.com.au.
About The Hendrie Group:
The Hendrie Group specialises in the accounting and financial needs of business owners, particularly in the building and construction industry. The company has the size and expertise to help clients build their business successfully, as well as achieve a better life for their family by focusing on financial security.
The Hendrie Group helps families gain confidence in making important business and financial decisions so they can live comfortably and achieve their lifestyle goals.
The Hendrie Group
Caren Hendrie
+61 (03) 9725 2533
support@hendrie.com.au
Source: EmailWire.Com 
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