Revenue Calculator
Use the calculator now to assess your revenue potential
Your accounting firm can bolt on a new division of 10X which provides you with a number of powerful ways to support your clients, generate high revenues and profitability and give you access to staff outside the accounting profession.
An assessment conducted by 100 accounting firms across Australia and North America of more than 1,500 businesses and personal clients aggregated client responses anonymously and summarised the most commonly requested services areas and the most commonly required actions within the service areas.
- Strategic business planning (in 68% of cases where the accountant asks questions in this area, the client says they need help)
- Retirement and succession planning
- Financial performance diagnosis
- Budgeting and cashflow forecasting
- Systems and processes
Just one of the service offerings by your 10X division ‘Coaching Club’ overcomes three of the major shortfalls or more importantly, three of the highest desires by small business:
- budgeting and cashflow forecasting,
- financial performance diagnosis and
- systemising and processes
Each coaching club has 8 members and each club takes approximately 45 hours per annum of the coach’s time. The revenue calculator allows you to calculate the revenue for 1 club up to as many clubs as you desire ... most coaches are able to do as many as 15 to 20 clubs. You can calculate the gross profit based upon the 45 hours per club.
Some of the impressive leverage points of the coaching club outside the hours / profit are that it:
- Does not have to be run by an accountant
- Can be administered utilising existing staff or you can hire staff outside the accounting industry
- Can be held outside your accounting firms if you don’t have the space
- Feeds clients to your accounting firm
- Is fully systemised already so you can relax knowing it works
- Can be sold as a separate division if you want to realise the capital growth
- Provides a very healthy cash flow
- Has your clients raving about your firm
- Builds business in your community
