What does the ideal revenue mix look like?
Revenue mix is a key profit and value driver of accounting practices. To achieve greater than 25% profitability after allowing for notional salaries a practice’s revenue mix should include at least 25% of fees being generated from Business Advisory services.
A standout feature of Bstar’s Alliance Partner Program is the automation of Business Advisory services. This makes the transition to advisory services easy and will help you change your practice revenue mix.
3 Reasons Why You Should Choose Bstar as Your Growth Partner
Bstar provides a defined framework that we can scale
"We were offering Business Advisory services to our clients, but we didn’t have a structured and repeatable way to deliver on a consistent basis. Bstar provides a defined framework that we can scale, ensuring we deliver what we say will to our clients each and every time. Without Bstar, we wouldn’t be able to offer the suite of Business Advisory Services we do today, meaning we’d miss out on a huge opportunity to grow both our business, and our client’s businesses."
Drue Schofield, 4Front Accountants
The Bstar process and tools align perfectly with our delivery model
"We appreciate the value in systemising an offering and Bstar was fundamental in allowing our practice to do that. The Bstar process and tools align perfectly with our delivery model and provide structure to what has always been an adhoc and somewhat intuitive process."
Jared Favero, Godbee Favero
"We see the value in partnering with industry experts and access to data that assists our clients (and ourselves) identify KPIs appropriate to their situation."
Matt Connor, Medical Financial Group
The latest and best tools to assist our clients prosper and grow successfully
"To be able to provide our clients with the best possible advice and support we can, in choosing Bstar to partner with we are confident that we will have the latest and best tools to assist our clients prosper and grow successfully in any future business plans they have. We want to provide a value-added service to our clients for whom we are currently providing compliance services, in the ever increasingly complex business environment, we believe that our role is even more important as being a trusted adviser to our clients and assisting them in their future decisions."
Stephen Noble, SJN Chartered Accountants
Bstar support their Alliance Partners to help them achieve results
"We made the decision to become a Bstar Alliance Partner for several reasons. First and foremost, product quality and development, Bstar is a well-respected brand in the business arena and Support. Bstar stand behind their product and support their Alliance Partners to help them achieve results. It’s very personalised and genuine and both are happy to pass on a wealth of knowledge and experience."
Tony Kolker & Rob Femia, ROCG Stirling