In the context of the global economic recession, a recent survey* has found that only 57 per cent of small businesses in Australia are expecting to grow over the next few years, the lowest recorded by CPA Australia. Strong evidence indicates that many small businesses are unlikely to have access to the information they need to effectively plan for growth and therefore do not manage their businesses as well as they could.

Gaining increasing recognition as an expanding industry, the utilisation of business coaching is fast becoming a common practice as a powerful way of executive development and adding to the bottom line in business performance. This growing trend is driven by a number of key factors including:
  • Adapting to rapid change
  • The costs associated with poor planning and performance
  • Lifelong learning and having a development tool for both business owner and staff
  • Instilling an impartial and fresh perspective to renew and evolve
  • the business
  • Staying ahead of the competition.
As a cost effective means of achieving phenomenal results for teams and businesses, business coaching has demonstrated a number of benefits, including:
  • Enhanced productivity and performance
  • Greater accountability
  • Increased focus
  • Improvements in quality
  • Greater organisational strength
  • Reductions in cost
  • Improved bottom-line profitability
  • Better team work
  • Greater job satisfaction.
In response to this need, Moore Stephens Adelaide has taken the initiative to create a business development division, 10X Adelaide City. The focus of 10X is to provide the tools, strategies and proven expertise businesses need to succeed in today’s highly competitive environment and ensure sustainable growth in the long term. The investment for business coaching can pay off many times over – helping you work with renewed passion and reclaiming your life by improving your work-life balance.

Executive business coaching is a recent service addition to Moore Stephens Adelaide, the new Adelaide member firm formed following the merger of HSA Business Solutions (formerly Horwath South Australia) with the Assurance division of the previous Adelaide member firm.

Together we have a history in Adelaide that dates back to 1977. With a team of seven Directors and 24 staff, we work with a wide variety of businesses across Australia, particularly in South Australia and Northern Territory. We’ve carved out our business by going the extra mile, through:
  • offering business services beyond traditional accounting and tax
  • recruiting the best people – and keeping hold of them through great career development
  • being proactive in every interaction with our clients and team.
Many of our clients have been with us for more than 30 years and value our Director-led approach and access to a wide range of services. In addition to audit, accounting and tax, and our executive business coaching offered through 10X, services include superannuation, business consulting and advising on buying and selling businesses.

Through our joint venture partners we can also offer clients:
  • Financial planning
  • Tax audit insurance
  • Finance broking
  • General insurance.
We also have specialist knowledge of many business sectors such as primary production, hospitality, construction and professional services and look forward to working with the other member firms to bring even greater benefits to clients in these areas.


Ian Anderson, Adelaide
ianderson@moorestephens.com.au



*The Certified Practicing Accountant (CPA) Australia Asia-Pacific Small Business Survey 2009