Manage / Expand

Your business is well established and your structure is organised. However, the more your company develops, the more time its daily management takes up, and it becomes invasive, particularly in the case of small organisations, and you are prevented from truly dedicating yourself to your business.

"1 out of 3 managers of SMEs believe but they have not been able to take sufficient action to develop their business and make it competitive. Only 13% of the manager's time is apparently allocated to business activities"*.

• Is administrative management (recruitment, payroll, social security and tax declarations, etc.) adversely affecting your business activity and slowing its development?
• Do you manage your business alone and need somebody to help you with strategic decisions on the development of your enterprise?
• Are you seeking partners for innovation or investment?
• Would you like to optimise the profitability of your enterprise?

 Whether you are a trader, an artisan, self-employed, a professional or a manager of a microenterprise or an SME, your public accountant can suggest made-to-measure types of assistance to help you manage and develop your enterprise, and so to optimise the growth of your business. In addition, because of their knowledge of the specificities of the Monegasque market, public accountants in the Principality are a major asset for your success.

Your advisor takes charge of all your administrative, accounting, legal, social security and tax tasks and duties.

 Everyday management

• Keeping your accounts;
• Preparing financial statements and tax declarations;
• Managing certain legal aspects of your enterprise;
• Providing assistance with the management of human resources.

Optimising your organisation

Your company needs to adapt to the evolution of your business, your structure and its environment on a permanent basis. Your public accountant, who specialises in providing expert consultancy services, assists you with optimising your organisation by:

• Putting in place tools to assist decision-making: financial projections, loan application packages, the preparation and monitoring of budgets, the implementation and establishment of dashboards, etc.
• Controlling and analysing costs;
• Providing advice on cash management ;
• Providing advice on the social welfare of managers (welfare, pensions, etc.) ;
• Providing an analysis of all needs specifically associated with your issues.

Strategic advice

Strategic advice is one of the high value added missions your public accountant can propose at key moments in the life of your enterprise, especially in the following areas:

• Assistance with selecting and adapting your legal structure;
• Structuring your enterprise in the area of seeking investment or partners;
• Assisting with the financial analysis of market studies;
• Making suggestions on human resources requirements;
• Assisting with external growth (acquiring companies, acquiring capital funds, due diligence, seeking financing, etc.).

 Your public accountant provides you with individual, customised assistance based on your own situation and needs. In order to enjoy the benefits of the assistance of an expert in piloting your business activity in Monaco, contact one of our members

 * Study carried out by IFOP for Cosma Experts on how owners of SMEs managed their time in the first six months of 2014.