NRB Accounting: A Growth Strategy from Medium to Large Scale Business

NRB Accounting is an accounting firm that goes beyond regular accounting services and compliance, to bringing growth strategies to medium scale businesses to become large.

The South African economy is a complex, yet exciting business environment that, with a good growth strategy, a business can scale up to from small, to medium, to become large scale business.

Businesses that generate R1 million per annum are considered small scale businesses. Businesses that generate over R10 million are consider medium scale businesses. The challenges and concerns of a CEO that runs a small-scale business is different from that of a CEO that runs a medium scale business, and both require strategy focused on growth, to move up the revenue and profitability ladder.

NRB Accounting comes in not only as a fully-fledged accounting firm, but also play an advisory role, to help the CEOs and owners of the small or medium scale business to formula, implement, monitor, and review progress of a healthy growth strategy.

A growth strategy is a company’s plan for overcoming current and future challenges to achieve its expansion goals. Examples of growth strategy goals include increasing market share and revenue, acquiring assets, and improving an organization’s products and services.

There are four basic growth strategies a business can employ to expand – market penetration, product development, market expansion and diversification.

The Advisory business unit of NRB Accounting walks its clients through these, and more, based on accurate market intelligence they gather specific for the business.

NRB Accounting has offices in Gauteng and in Limpopo, servicing a nation-wide client portfolio of private and public, for-profit, and non-profit organisations.

For more on accounting and advisory services in Gauteng and Limpopo visit their website www.nrbacc.co.za or call on +27 73 662 2385