Successful businesses create the future, failed ones struggle to react to it

Story sponsored by RMB Lawyers.

Warren Buffett once said, when it comes to securing the longevity of your business "predicting rain doesn't count, building an arc does".

Regardless of the size of your business, you need to adopt a pragmatic and proactive approach, you can't simply sit back and react to the markets.

When things take a turn for the worse, preparedness can be the difference between survival and going under.

Few know this better than RMB Lawyers and their Business Improvement Team. In fact, the law firm has been helping businesses across the Illawarra and Regional NSW ensure their long term sustainability since before Federation.

For the last 135 years, they've worked closely with both large corporate clients and small family operations alike - across a multitude of industries - on the essential components required for continued success.

However, with many marketplaces becoming heavily regulated and increasingly competitive, experts say it is now more important than ever to develop and implement a comprehensive business strategy.

"The best businesses create the future and don't react to it. You should always plan on what your business will look like in 10 years," RMB's Michael Lewis, a Partner in the Commercial and Business Transaction Division, explained.

"You need to make sure your strategies and performance are ahead of the external environment. That's why we help businesses get ahead of the curb in sales, production pipelines, billings and collections, scale, people management, technology and leadership."

In the past decade, RMB's business has grown by 500 percent, making them one of the largest regionally-based law firms in Australia.

With extensive knowledge and experience in litigation, RMB puts together comprehensive risk management assessments which help shield businesses from unnecessary lawsuits and protect their bottom line, so they can continue to growth.

RMB's Business Management Team achieve this by conducting full audits across all aspects of the business, from customer management and human resources right through to WHS, intellectual property, management structures, succession plans, bookkeeping and financial planning. No stone is left unturned.

Mr Lewis believes auditing is an essential component of successful business management. Not only does it help to identify areas of improvement, he says, but it also helps to track the progress and effectiveness of your strategy.

"In order to succeed in business you need to strive for high performance rather than mediocrity. That means setting targets, measuring and reporting, hiring, training and retaining the best people," Mr Lewis explained.

"It means, overlaying smart technologies to decrease the cost of production whilst operating a high performance and continuous improvement system," he continued.

"But it's no good setting a strategy and leaving it on a shelf. Implantation of the strategy is the hardest part and internal audits confirm whether or not you are on track."

RMB's services can be moulded to suit any business of any size or budget. Their fees are moderate and the process begins with a free consultation.

The initial consultation occurs at your premises where a consultant obtains an overview of your business, its products, services and processes.

"From that we will prepare a proposal and costing for the audit on a no obligation basis," Mr Lewis explained.

"This is not a generic product. We listen to our business clients as to their pressure points and design our service to relieve them of their problems.

"Our best practice systems ensure that our business services are efficient, personable and valuable. We're down to earth and we're open and honest as to fees, so there are no surprises."

For more information, contact RMB Lawyers on 1800 681 211 or visit their website: https://www.rmblawyers.com.au/business-and-commercial-transactions

Story sponsored by RMB Lawyers.