The Role of External Professionals (VCE SSCE Business Management): Flashcards

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The Role of External Professionals
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Why businesses need external professionals

Specialist knowledge, fresh perspectives, current info

Legal Referral Service provider

Victorian Law Institute

Initial consultation duration with lawyers

30 minutes complimentary

Leading cause of business failure

Poor financial management

Accountants' main responsibilities

Financial statements, tax advice, cash flow monitoring

Bookkeepers' focus area

Day-to-day financial record-keeping

BAS agents specialise in

Business Activity Statement preparation & ATO lodging

Insurance agent vs broker key difference

Agents work for 1 insurer; brokers work independently

Advertising consultants focus

Short-term campaigns for immediate customer interest

Marketing consultants approach

Strategic, long-term brand & customer relationships

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