Author Archives: tommurray

The Benefits of an Independent Director to Your Business

In my work as a business consultant specialising in business profitability improvement, strategy and restructuring, I work with organisations that range from small to medium to large enterprises. These businesses are often privately owned by a family or a number of individuals. The owners are involved in the day to day running of the business and work with management teams that they have recruited or promoted from within their existing team over time. The management […]

Increase your profits with a Profitability Audit

Every year businesses have to engage an Auditor to prepare their annual financial statements for filing with Revenue and the Companies Registration Office. Typically speaking by the time, the Audit is conducted and completed the accounts maybe anything from 3 to 9 months old. Auditors will usually make comments and recommendation to their Clients on these now historical figures and the process is completed for another year. For businesses that prepare monthly or quarterly management […]

Why Business Restructuring is a Positive

With the improved economy your business should now be clearly seeing the upside having successfully survived what have been probably some of the most difficult years for doing business in Ireland. If you are not seeing the benefits of the improved economy something is clearly wrong with how your business is currently structured or managed. Business restructuring is often perceived in a negative light as it is often associated with downsizing and redundancies. This is […]

Useful Advice When Selling Your Business

There comes a time when a Business owner may decide to sell their Business. This could be for retirement or other reasons. Businesses typically take hard work, time and effort to establish and if successful can be very rewarding for their owners. When the time comes to sell your business, you should enjoy a further reward in a good selling price that may help fund your retirement or allow you to pursue new ventures. Unlike […]

Take The Test

Have you ever asked how healthy your business is? At Tom Murray & Associates we can give your business a full financial health check which will identify areas that may need attention. If you don’t know the answers to the following questions then you need to contact Tom Murray & Associates today. How Profitable is your Business or do you know? Is your Business maximising its profit potential? What is your current margin and what […]