Client Background
A small business based in Dublin approached me with challenges in financial management. They were struggling with cost control, inconsistent transaction recording, and lacked a structured approach to financial reporting. Operating as a sole trader, they were looking for ways to improve profitability and plan for future growth.
Challenges
- Lack of clear financial visibility and control over costs
- Inefficient transaction recording processes
- No structured accounting system in place
- Limited understanding of profitability and expansion strategies
- Operating as a sole trader, which was restricting growth opportunities
Solutions Implemented
- Financial Control & Accounting Setup
- I worked closely with the client to streamline their financial processes, ensuring they had full visibility over their costs.
- Assisted in onboarding a year-end accountant to ensure compliance and accurate financial reporting.
- Business Structure Transformation
- Advised on and facilitated the transition from a sole trader to a limited company, unlocking tax benefits, liability protection, and greater credibility for the business.
- Ongoing Mentorship & Growth Strategy
- I continue to mentor the client on profitability, pricing strategies, and service expansion to ensure sustainable growth.
- Regular check-ins and strategy discussions help them make informed decisions as they scale.
Results & Impact
– 300% business growth since implementing these changes
– Improved financial oversight leading to better cost management and profit margins
– Greater credibility and financial advantages from transitioning to a limited company
– Ongoing mentorship continues to drive strategic expansion
This transformation has empowered the client to run a more structured, scalable, and profitable business, positioning them for even greater success in the future.