Posted: 22 March 2023 ![The past has no future!](https://www.essbiztools.com/images/zoo/blogs/bas-updates/bas230323.jpg) # The past has no future! #### Business Advisory Services Update The recent white paper from [Thomson Reuters](https://insight.thomsonreuters.com.au/tax/resources/resource/leading-australian-smes-in-2023s-changing-economy) identified that “the past has no future” should be the new mantra for SMEs. “In 2023 and beyond, turning the focus to strategies that can bring growth to revenue and profit is key for SMEs.” The challenge for accountants is to understand the challenges confronting SMEs which can include: - Cash is tight - Costs are increasing in many activities above inflation - An appreciation that businesses must grow to survive – otherwise they won’t be in business. - All businesses, no matter what sector, need to keep moving, to adjust and adapt to changing market conditions. From this brief observation, can you identify services that your clients need? ![bas230323 2](https://www.essbiztools.com/images/zoo/blogs/bas-updates/bas230323-2.jpg) In setting your vision for 2023, have you taken these key items into account? [**Click here**](https://youtu.be/R_3l_e2NSh0) to watch the recording of our webinar, **Delivering Virtual CFO Services**. #### ESS BIZTOOLS Blogs ### Recent Posts... [![Help SMEs Buy a Business With Confidence](https://www.essbiztools.com/media/yootheme/cache/c1/am470banner-c1973e0e.jpg "Help SMEs Buy a Business With Confidence")](https://www.essbiztools.com/ess-biztools-blogs/help-smes-buy-a-business-with-confidence) [Help SMEs Buy a Business With Confidence](https://www.essbiztools.com/ess-biztools-blogs/help-smes-buy-a-business-with-confidence) [![Understanding the True Cost of Labour](https://www.essbiztools.com/media/yootheme/cache/98/am469banner-9837df31.jpg "Understanding the True Cost of Labour")](https://www.essbiztools.com/ess-biztools-blogs/understanding-the-true-cost-of-labour) [Understanding the True Cost of Labour](https://www.essbiztools.com/ess-biztools-blogs/understanding-the-true-cost-of-labour) [![Advisory Services In Action](https://www.essbiztools.com/media/yootheme/cache/62/am468banner-62a14bfb.jpg "Advisory Services In Action")](https://www.essbiztools.com/ess-biztools-blogs/advisory-services-in-action) [Advisory Services In Action](https://www.essbiztools.com/ess-biztools-blogs/advisory-services-in-action) [![Unlock Your Virtual CFO Advisory Opportunity](https://www.essbiztools.com/media/yootheme/cache/48/am467banner-484fb152.jpg "Unlock Your Virtual CFO Advisory Opportunity")](https://www.essbiztools.com/ess-biztools-blogs/unlock-your-virtual-cfo-advisory-opportunity) [Unlock Your Virtual CFO Advisory…](https://www.essbiztools.com/ess-biztools-blogs/unlock-your-virtual-cfo-advisory-opportunity) [![Are Your Tradie Clients Charging Enough For Profit?](https://www.essbiztools.com/media/yootheme/cache/07/am466banner-074deba7.jpg "Are Your Tradie Clients Charging Enough For Profit?")](https://www.essbiztools.com/ess-biztools-blogs/are-your-tradie-clients-charging-enough-for-profit) [Are Your Tradie Clients Charging Enough…](https://www.essbiztools.com/ess-biztools-blogs/are-your-tradie-clients-charging-enough-for-profit) [![Are Your SME Clients Managing Debtors Effectively?](https://www.essbiztools.com/media/yootheme/cache/ab/am465banner-abbd7953.jpg "Are Your SME Clients Managing Debtors Effectively?")](https://www.essbiztools.com/ess-biztools-blogs/are-your-sme-clients-managing-debtors-effectively) [Are Your SME Clients Managing Debtors…](https://www.essbiztools.com/ess-biztools-blogs/are-your-sme-clients-managing-debtors-effectively) [![Why Advisory Starts With ESS BIZTOOLS](https://www.essbiztools.com/media/yootheme/cache/4d/am464banner-4dedb597.jpg "Why Advisory Starts With ESS BIZTOOLS")](https://www.essbiztools.com/ess-biztools-blogs/why-advisory-starts-with-ess-biztools) [Why Advisory Starts With ESS BIZTOOLS](https://www.essbiztools.com/ess-biztools-blogs/why-advisory-starts-with-ess-biztools) [![Benchmarking and Valuation for Advisory Growth](https://www.essbiztools.com/media/yootheme/cache/fb/am463banner-fbfc65a4.jpg "Benchmarking and Valuation for Advisory Growth")](https://www.essbiztools.com/ess-biztools-blogs/benchmarking-and-valuation-for-advisory-growth) [Benchmarking and Valuation for Advisory…](https://www.essbiztools.com/ess-biztools-blogs/benchmarking-and-valuation-for-advisory-growth) [![Debtors Management: An Advisory Service Every SME Needs](https://www.essbiztools.com/media/yootheme/cache/36/am462banner-36bb3bf1.jpg "Debtors Management: An Advisory Service Every SME Needs")](https://www.essbiztools.com/ess-biztools-blogs/debtors-management-an-advisory-service-every-sme-needs) [Debtors Management: An Advisory Service…](https://www.essbiztools.com/ess-biztools-blogs/debtors-management-an-advisory-service-every-sme-needs) [![The Advisory Services Sales Challenge](https://www.essbiztools.com/media/yootheme/cache/7a/am461banner-7a6ee64b.jpg "The Advisory Services Sales Challenge")](https://www.essbiztools.com/ess-biztools-blogs/the-advisory-services-sales-challenge) [The Advisory Services Sales Challenge](https://www.essbiztools.com/ess-biztools-blogs/the-advisory-services-sales-challenge) [![Practical Advisory Support for SME Start-Ups](https://www.essbiztools.com/media/yootheme/cache/f8/am460banner-f810f0e9.jpg "Practical Advisory Support for SME Start-Ups")](https://www.essbiztools.com/ess-biztools-blogs/practical-advisory-support-for-sme-start-ups) [Practical Advisory Support for SME…](https://www.essbiztools.com/ess-biztools-blogs/practical-advisory-support-for-sme-start-ups) [![How Benchmarking Reveals Hidden Profit Opportunities](https://www.essbiztools.com/media/yootheme/cache/34/am459banner-3450d39d.jpg "How Benchmarking Reveals Hidden Profit Opportunities")](https://www.essbiztools.com/ess-biztools-blogs/how-benchmarking-reveals-hidden-profit-opportunities) [How Benchmarking Reveals Hidden Profit…](https://www.essbiztools.com/ess-biztools-blogs/how-benchmarking-reveals-hidden-profit-opportunities) [![Shrinkage and Budgeting: Protecting SME Cash Flow](https://www.essbiztools.com/media/yootheme/cache/bf/am458banner-bf45cf0d.jpg "Shrinkage and Budgeting: Protecting SME Cash Flow")](https://www.essbiztools.com/ess-biztools-blogs/shrinkage-and-budgeting-protecting-sme-cash-flow) [Shrinkage and Budgeting: Protecting SME…](https://www.essbiztools.com/ess-biztools-blogs/shrinkage-and-budgeting-protecting-sme-cash-flow) [![The Engine Room of Business Advisory](https://www.essbiztools.com/media/yootheme/cache/52/am457banner-52f3ff1b.jpg "The Engine Room of Business Advisory")](https://www.essbiztools.com/ess-biztools-blogs/the-engine-room-of-business-advisory) [The Engine Room of Business Advisory](https://www.essbiztools.com/ess-biztools-blogs/the-engine-room-of-business-advisory) [![Helping SMEs Navigate Cash Flow Pressure](https://www.essbiztools.com/media/yootheme/cache/4d/am456banner-4da9d4db.jpg "Helping SMEs Navigate Cash Flow Pressure")](https://www.essbiztools.com/ess-biztools-blogs/helping-smes-navigate-cash-flow-pressure) [Helping SMEs Navigate Cash Flow Pressure](https://www.essbiztools.com/ess-biztools-blogs/helping-smes-navigate-cash-flow-pressure) [![Supply Chains and Cash Flow Survival](https://www.essbiztools.com/media/yootheme/cache/cd/am455banner-cd8d83d0.jpg "Supply Chains and Cash Flow Survival")](https://www.essbiztools.com/ess-biztools-blogs/supply-chains-and-cash-flow-survival) [Supply Chains and Cash Flow Survival](https://www.essbiztools.com/ess-biztools-blogs/supply-chains-and-cash-flow-survival) [![Why Advisory Services Matter More Than Ever](https://www.essbiztools.com/media/yootheme/cache/c8/am454banner-c88c183a.jpg "Why Advisory Services Matter More Than Ever")](https://www.essbiztools.com/ess-biztools-blogs/why-advisory-services-matter-more-than-ever) [Why Advisory Services Matter More Than…](https://www.essbiztools.com/ess-biztools-blogs/why-advisory-services-matter-more-than-ever) [![Talent Retention Starts With Advisory Services](https://www.essbiztools.com/media/yootheme/cache/65/am453banner-65f62b21.jpg "Talent Retention Starts With Advisory Services")](https://www.essbiztools.com/ess-biztools-blogs/talent-retention-starts-with-advisory-services) [Talent Retention Starts With Advisory…](https://www.essbiztools.com/ess-biztools-blogs/talent-retention-starts-with-advisory-services) [![SME Survival Starts With You](https://www.essbiztools.com/media/yootheme/cache/22/am452banner-22ac26d5.jpg "SME Survival Starts With You")](https://www.essbiztools.com/ess-biztools-blogs/sme-survival-starts-with-you) [SME Survival Starts With You](https://www.essbiztools.com/ess-biztools-blogs/sme-survival-starts-with-you) [![From Compliance to Virtual CFO Leadership](https://www.essbiztools.com/media/yootheme/cache/15/am451banner-15c741fd.jpg "From Compliance to Virtual CFO Leadership")](https://www.essbiztools.com/ess-biztools-blogs/from-compliance-to-virtual-cfo-leadership) [From Compliance to Virtual CFO…](https://www.essbiztools.com/ess-biztools-blogs/from-compliance-to-virtual-cfo-leadership) [![The Talent Crisis in Accounting Firms](https://www.essbiztools.com/media/yootheme/cache/70/am450banner-7054eff9.jpg "The Talent Crisis in Accounting Firms")](https://www.essbiztools.com/ess-biztools-blogs/the-talent-crisis-in-accounting-firms) [The Talent Crisis in Accounting Firms](https://www.essbiztools.com/ess-biztools-blogs/the-talent-crisis-in-accounting-firms) [![The 85% Advisory Gap in Accounting Firms](https://www.essbiztools.com/media/yootheme/cache/97/am449banner-9723b44e.jpg "The 85% Advisory Gap in Accounting Firms")](https://www.essbiztools.com/ess-biztools-blogs/the-85-advisory-gap-in-accounting-firms) [The 85% Advisory Gap in Accounting Firms](https://www.essbiztools.com/ess-biztools-blogs/the-85-advisory-gap-in-accounting-firms) [![Start Advisory Services Without Changing Your Firm](https://www.essbiztools.com/media/yootheme/cache/de/am448banner-deaaeb54.jpg "Start Advisory Services Without Changing Your Firm")](https://www.essbiztools.com/ess-biztools-blogs/start-advisory-services-without-changing-your-firm) [Start Advisory Services Without…](https://www.essbiztools.com/ess-biztools-blogs/start-advisory-services-without-changing-your-firm) [![Helping SMEs Navigate Tough Business Conditions](https://www.essbiztools.com/media/yootheme/cache/16/am447banner-16d3cc5c.jpg "Helping SMEs Navigate Tough Business Conditions")](https://www.essbiztools.com/ess-biztools-blogs/helping-smes-navigate-tough-business-conditions) [Helping SMEs Navigate Tough Business…](https://www.essbiztools.com/ess-biztools-blogs/helping-smes-navigate-tough-business-conditions) [![Starting the Journey: Where Advisory Really Begins](https://www.essbiztools.com/media/yootheme/cache/65/am446banner-654085c5.jpg "Starting the Journey: Where Advisory Really Begins")](https://www.essbiztools.com/ess-biztools-blogs/starting-the-journey-where-advisory-really-begins) [Starting the Journey: Where Advisory…](https://www.essbiztools.com/ess-biztools-blogs/starting-the-journey-where-advisory-really-begins) [![Transforming Client Relationships Through Advisory Services](https://www.essbiztools.com/media/yootheme/cache/51/am445banner-518c5c26.jpg "Transforming Client Relationships Through Advisory Services")](https://www.essbiztools.com/ess-biztools-blogs/transforming-client-relationships-through-advisory-services) [Transforming Client Relationships…](https://www.essbiztools.com/ess-biztools-blogs/transforming-client-relationships-through-advisory-services) [![The Path to Key Strategic Partner Status](https://www.essbiztools.com/media/yootheme/cache/ec/am444banner-ecf4fbf4.jpg "The Path to Key Strategic Partner Status")](https://www.essbiztools.com/ess-biztools-blogs/the-path-to-key-strategic-partner-status) [The Path to Key Strategic Partner Status](https://www.essbiztools.com/ess-biztools-blogs/the-path-to-key-strategic-partner-status) [![Turn Advisory Into Your Firm's Growth Engine](https://www.essbiztools.com/media/yootheme/cache/6f/am443banner-6f5be189.jpg "Turn Advisory Into Your Firm's Growth Engine")](https://www.essbiztools.com/ess-biztools-blogs/turn-advisory-into-your-firms-growth-engine) [Turn Advisory Into Your Firm's Growth…](https://www.essbiztools.com/ess-biztools-blogs/turn-advisory-into-your-firms-growth-engine) [![Close the Gap to Top 20% Performance](https://www.essbiztools.com/media/yootheme/cache/ef/am442banner-ef4d9f28.jpg "Close the Gap to Top 20% Performance")](https://www.essbiztools.com/ess-biztools-blogs/close-the-gap-to-top-20-performance) [Close the Gap to Top 20% Performance](https://www.essbiztools.com/ess-biztools-blogs/close-the-gap-to-top-20-performance) [![Advisory Services Are Sold - Not Bought](https://www.essbiztools.com/media/yootheme/cache/a2/am441banner-a29e9019.jpg "Advisory Services Are Sold - Not Bought")](https://www.essbiztools.com/ess-biztools-blogs/advisory-services-are-sold-not-bought) [Advisory Services Are Sold - Not Bought](https://www.essbiztools.com/ess-biztools-blogs/advisory-services-are-sold-not-bought) [![Achieving The Change Your Firm Wants To See](https://www.essbiztools.com/media/yootheme/cache/96/am440banner-96d92355.jpg "Achieving The Change Your Firm Wants To See")](https://www.essbiztools.com/ess-biztools-blogs/achieving-the-change-your-firm-wants-to-see) [Achieving The Change Your Firm Wants To…](https://www.essbiztools.com/ess-biztools-blogs/achieving-the-change-your-firm-wants-to-see) [![Be The Change You Want To See](https://www.essbiztools.com/media/yootheme/cache/8d/am439banner-8d5aa800.jpg "Be The Change You Want To See")](https://www.essbiztools.com/ess-biztools-blogs/be-the-change-you-want-to-see-2) [Be The Change You Want To See](https://www.essbiztools.com/ess-biztools-blogs/be-the-change-you-want-to-see-2) [![Lead SMEs Through the Innovation Journey: Final Part](https://www.essbiztools.com/media/yootheme/cache/f0/am438banner-f05cd606.jpg "Lead SMEs Through the Innovation Journey: Final Part")](https://www.essbiztools.com/ess-biztools-blogs/lead-smes-through-the-innovation-journey-final-part) [Lead SMEs Through the Innovation…](https://www.essbiztools.com/ess-biztools-blogs/lead-smes-through-the-innovation-journey-final-part) [![Lead SMEs Through the Innovation Journey: Part 3](https://www.essbiztools.com/media/yootheme/cache/95/am437banner-958e4698.jpg "Lead SMEs Through the Innovation Journey: Part 3")](https://www.essbiztools.com/ess-biztools-blogs/lead-smes-through-the-innovation-journey-part-3) [Lead SMEs Through the Innovation…](https://www.essbiztools.com/ess-biztools-blogs/lead-smes-through-the-innovation-journey-part-3) [![Lead SMEs Through the Innovation Journey: Part 2](https://www.essbiztools.com/media/yootheme/cache/7d/am436banner-7d2513df.jpg "Lead SMEs Through the Innovation Journey: Part 2")](https://www.essbiztools.com/ess-biztools-blogs/lead-smes-through-the-innovation-journey-part-2) [Lead SMEs Through the Innovation…](https://www.essbiztools.com/ess-biztools-blogs/lead-smes-through-the-innovation-journey-part-2) [![BLACK FRIDAY FEATURE ARTICLE: Lead SMEs Through the Innovation Journey](https://www.essbiztools.com/media/yootheme/cache/ac/am435banner-ac1e6859.jpg "BLACK FRIDAY FEATURE ARTICLE: Lead SMEs Through the Innovation Journey")](https://www.essbiztools.com/ess-biztools-blogs/black-friday-feature-article-lead-smes-through-the-innovation-journey) [BLACK FRIDAY FEATURE ARTICLE: Lead SMEs…](https://www.essbiztools.com/ess-biztools-blogs/black-friday-feature-article-lead-smes-through-the-innovation-journey) [![Empower Tradies With Stronger Pricing Strategies](https://www.essbiztools.com/media/yootheme/cache/e3/am434banner-e32447fc.jpg "Empower Tradies With Stronger Pricing Strategies")](https://www.essbiztools.com/ess-biztools-blogs/empower-tradies-with-stronger-pricing-strategies) [Empower Tradies With Stronger Pricing…](https://www.essbiztools.com/ess-biztools-blogs/empower-tradies-with-stronger-pricing-strategies) [![Transform Into Key Strategic Partner](https://www.essbiztools.com/media/yootheme/cache/ca/am433banner-cae069c6.jpg "Transform Into Key Strategic Partner")](https://www.essbiztools.com/ess-biztools-blogs/transform-into-key-strategic-partner) [Transform Into Key Strategic Partner](https://www.essbiztools.com/ess-biztools-blogs/transform-into-key-strategic-partner) [![The Road to Advisory Excellence Starts Now](https://www.essbiztools.com/media/yootheme/cache/e2/am432banner-e2178baa.jpg "The Road to Advisory Excellence Starts Now")](https://www.essbiztools.com/ess-biztools-blogs/the-road-to-advisory-excellence-starts-now) [The Road to Advisory Excellence Starts…](https://www.essbiztools.com/ess-biztools-blogs/the-road-to-advisory-excellence-starts-now) [![Your Launchpad into Business Advisory Services](https://www.essbiztools.com/media/yootheme/cache/64/am431banner-64f247b1.jpg "Your Launchpad into Business Advisory Services")](https://www.essbiztools.com/ess-biztools-blogs/your-launchpad-into-business-advisory-services) [Your Launchpad into Business Advisory…](https://www.essbiztools.com/ess-biztools-blogs/your-launchpad-into-business-advisory-services) [![Boost Business Sale Value for SMEs](https://www.essbiztools.com/media/yootheme/cache/7b/am430banner-7b6b0cbe.jpg "Boost Business Sale Value for SMEs")](https://www.essbiztools.com/ess-biztools-blogs/boost-business-sale-value-for-smes) [Boost Business Sale Value for SMEs](https://www.essbiztools.com/ess-biztools-blogs/boost-business-sale-value-for-smes) [![Guide SMEs to Growth Through Crowd Sourced Funding](https://www.essbiztools.com/media/yootheme/cache/bc/am429banner-bc3619fd.jpg "Guide SMEs to Growth Through Crowd Sourced Funding")](https://www.essbiztools.com/ess-biztools-blogs/guide-smes-to-growth-through-crowd-sourced-funding) [Guide SMEs to Growth Through Crowd…](https://www.essbiztools.com/ess-biztools-blogs/guide-smes-to-growth-through-crowd-sourced-funding) [![The Hidden Gaps in Business Buyers' Knowledge](https://www.essbiztools.com/media/yootheme/cache/f3/am428banner-f3aa7877.jpg "The Hidden Gaps in Business Buyers' Knowledge")](https://www.essbiztools.com/ess-biztools-blogs/the-hidden-gaps-in-business-buyers-knowledge) [The Hidden Gaps in Business Buyers'…](https://www.essbiztools.com/ess-biztools-blogs/the-hidden-gaps-in-business-buyers-knowledge) [![R&D Tax Incentive: Advisory Opportunity for Your Firm](https://www.essbiztools.com/media/yootheme/cache/0d/am427banner-0d79af38.jpg "R&D Tax Incentive: Advisory Opportunity for Your Firm")](https://www.essbiztools.com/ess-biztools-blogs/r-d-tax-incentive-advisory-opportunity-for-your-firm) [R&D Tax Incentive: Advisory Opportunity…](https://www.essbiztools.com/ess-biztools-blogs/r-d-tax-incentive-advisory-opportunity-for-your-firm) [![Debtors Management: A Strategic Advisory Opportunity](https://www.essbiztools.com/media/yootheme/cache/3c/am426banner-3c459110.jpg "Debtors Management: A Strategic Advisory Opportunity")](https://www.essbiztools.com/ess-biztools-blogs/debtors-management-a-strategic-advisory-opportunity) [Debtors Management: A Strategic…](https://www.essbiztools.com/ess-biztools-blogs/debtors-management-a-strategic-advisory-opportunity) [![The Blueprint to Selling Advisory Services](https://www.essbiztools.com/media/yootheme/cache/d0/am425banner-d0452a7b.jpg "The Blueprint to Selling Advisory Services")](https://www.essbiztools.com/daily-posts/the-blueprint-to-selling-advisory-services) [The Blueprint to Selling Advisory…](https://www.essbiztools.com/daily-posts/the-blueprint-to-selling-advisory-services) [![Transforming Tax Work Into Business Growth](https://www.essbiztools.com/media/yootheme/cache/7b/am424banner-7bbe47f6.jpg "Transforming Tax Work Into Business Growth")](https://www.essbiztools.com/ess-biztools-blogs/transforming-tax-work-into-business-growth) [Transforming Tax Work Into Business…](https://www.essbiztools.com/ess-biztools-blogs/transforming-tax-work-into-business-growth) [![Building Future-Ready Advisory Firms](https://www.essbiztools.com/media/yootheme/cache/fe/am423banner-fe3277a2.jpg "Building Future-Ready Advisory Firms")](https://www.essbiztools.com/ess-biztools-blogs/building-future-ready-advisory-firms) [Building Future-Ready Advisory Firms](https://www.essbiztools.com/ess-biztools-blogs/building-future-ready-advisory-firms) [![The Rise of Business Advisory Sevices](https://www.essbiztools.com/media/yootheme/cache/f4/am422banner-f4d727b2.jpg "The Rise of Business Advisory Sevices")](https://www.essbiztools.com/ess-biztools-blogs/the-rise-of-business-advisory-sevices) [The Rise of Business Advisory Sevices](https://www.essbiztools.com/ess-biztools-blogs/the-rise-of-business-advisory-sevices) [![Smart Pricing Strategies: The Key to SME Profitability](https://www.essbiztools.com/media/yootheme/cache/c4/am421banner-c4cfb7ab.jpg "Smart Pricing Strategies: The Key to SME Profitability")](https://www.essbiztools.com/ess-biztools-blogs/smart-pricing-strategies-the-key-to-sme-profitability) [Smart Pricing Strategies: The Key to…](https://www.essbiztools.com/ess-biztools-blogs/smart-pricing-strategies-the-key-to-sme-profitability) #### Tags used in post... [Budgets and Cashflow Forecasts](https://www.essbiztools.com/daily-posts/tag/Budgets%20and%20Cashflow%20Forecasts) | [business advisory services](https://www.essbiztools.com/daily-posts/tag/business%20advisory%20services) | [Business Plan](https://www.essbiztools.com/daily-posts/tag/Business%20Plan) | [Corporate Governance](https://www.essbiztools.com/daily-posts/tag/Corporate%20Governance) | [Predictive Accounting](https://www.essbiztools.com/daily-posts/tag/Predictive%20Accounting) | [Virtual CFO Services](https://www.essbiztools.com/daily-posts/tag/Virtual%20CFO%20Services) [ ![Developing the Financial Plan](https://www.essbiztools.com/media/yootheme/cache/fa/bas160323banner-fadd4082.jpg) ### Developing the Financial Plan Previous Project ](https://www.essbiztools.com/daily-posts/developing-the-financial-plan) [ ![Know your clients' figures beyond tax!](https://www.essbiztools.com/media/yootheme/cache/03/bas150323-030c6c9c.jpg) ### Know your clients' figures beyond tax! Next Project ](https://www.essbiztools.com/daily-posts/know-your-clients-figures-beyond-tax)