Credit preparation and negotiation to reduce your interest rates and improve finance arrangements. We hope you enjoy.
Hewitt Advisory was established to assist clients in optimising their financial arrangements with their lender and to have greater financial control and thus financial success. By professionally preparing comprehensive bank submissions in a way understood by the bank it is likely superior results can be achieved be that improvements in interest rates, loan structures, security requirements or othe
r aspects of lending arrangements. Having 9 years of banking experience allows us to do this on behalf of clients and it is likely improved lending arrangements can be negotiated. We follow a proven process and can run a transparent finance tender which allows the competitive forces of the market to do their job. We specialise in Farm and Regional business finance and also cover equipment finance and residential lending. Forming long term relationships with our clients is always our priority. This page is aimed to inform potential clients of the services available, act as a contact point and also as a forum for banking, lending and finance discussions. Please be in contact to discuss further how Hewitt Advisory can assist with your own situation.
I think we all know cash is king, but when reviewing our business most base this on the Profit and Loss which is prepared for the tax man and may not be telling the true story of business performance.
http://hewittadvisory.com.au/cash-is-king-pl-is-for-the-tax-man/
When reviewing the financial performance of a business, the document commonly referred to is the Profit and Loss statement (P&L). But does this really tell the true story?
Do you give enough consideration to the 'big picture'? We tend to get so consumed in our day to day work and lives that we fail to consider medium to long term plans (and strategy to achieve those plans) and this can lead to detrimental outcomes in the future.
http://hewittadvisory.com.au/consider-the-big-picture-and-plan-ahead/
Farmers, are your finance and banking arrangements ready for another year? There is help available - Hewitt Advisory is a specialised Rural Finance broker dedicated to assisting farmers with their banking arrangements. Read the below article and give us a call for obligation and cost free discussion about your unique position.
http://hewittadvisory.com.au/are-your-finances-ready-for-another-year/
As the school holidays come to an end, many of us make plans and preparations for the year ahead. Will this business planning include reviewing your finance arrangements? A lot of farmers and regional businesses overlook this aspect of the business, despite it often being a major cost and an importa...
There are some conflicting signs in the current interest rate outlook. For those who have been sitting on the fence when considering fixing a portion of debt, it may be timely to keep a closer eye on the market depending on your individual circumstances.
http://hewittadvisory.com.au/interest-rate-outlook-to-fix-or-not-to-fix/
Interest rate outlook – to fix or not to fix? by Richard Hewitt | Dec 13, 2016 The question to fix interest rates or not is always a difficult conundrum.Even more so in recent times due to rates being at historical low levels – which would generally indicate it is a good time to fix at least a porti...
In this months newsletter I reflect on a recent personal experience to emphasis the value of outsourcing certain business functions to an expert in the field.
http://hewittadvisory.com.au/the-value-of-outsourcing/
The Value Of Outsourcing by Richard Hewitt | Nov 3, 2016 Although the upfront cost of engaging external expertise to perform certain business roles can sometimes be daunting, often the overall costs of attempting tasks outside your core skill set end up being far greater. The cost of not outsourcing...
Life is not a practice run, this is the real thing. Time can quickly pass us by and without a plan and strategy valuable years can be wasted without working towards meaningful outcomes and objections. We need to be in control.
http://hewittadvisory.com.au/apathy-leads-to-mediocrity/
Apathy leads to Mediocrity by Richard Hewitt | Sep 29, 2016 We only have one crack at life on this amazing planet - don’t let apathy see the years slip by without clear strategy and direction. How often do we discuss ‘how quickly the time flies’? If we do not proactively take control of our business...
The biggest cause of the destruction of family farms is often not drought or commodity prices but Succession arrangements. A difficult topic for many family farms; but incredibly important. A proactive approach is required.
http://hewittadvisory.com.au/succession-planning-the-elephant-in-the-room/
Succession Planning – The Elephant in the Room by Richard Hewitt | Aug 31, 2016 When asked ‘what is currently the biggest risk to family farming in Australia’; my answer is not drought, commodity markets, free trade or the Chinese market – the biggest risk is Succession. In my experience this causes...
When speaking to your bank does your point of contact have the authority to make a binding decision on the topic? If not, this can significantly impact negotiations and outcomes. http://hewittadvisory.com.au/know-the-decision-maker/
Know the decision maker by Richard Hewitt | Jul 27, 2016 | Articles | When you are speaking with your bank, are you dealing with the person with the authority to make a final decision? If not, who is the decision maker and what is their knowledge and understanding of your business and industry? Unde...
Most people who borrow money for business purposes understand their risk profile impacts the interest rates they can obtain. However, few understand the mechanics behind this. Click through for a easy reading explanation.
http://hewittadvisory.com.au/risk-weighted-pricing-explained-and-what-it-means-for-you/
Risk Weighted Pricing Explained – And What It Means For You by Richard Hewitt | Jun 30, 2016 | Articles | Most people who borrow money for business purposes have an understanding that their risk profile has an impact on the interest rates that they will be offered by the lender. However, the reasons...
This months newsletter topic, 'Banking Hygiene' appears boring on the surface. However, it impacts your standing in the eyes of the bank and can have a significant impact if looking for new finance.
http://hewittadvisory.com.au/banking-hygiene-the-importance-and-some-tips/
In our second monthly newsletter we discuss 'Economies of Scale' when expanding a farming business - do they really exist? Please click below to read the full article.
http://hewittadvisory.com.au/economies-of-scale-do-they-really-exist/
‘Economies of Scale’ – do they really exist? by Richard Hewitt | Apr 26, 2016 | Articles | In recent times we have seen the continued increase in the scale of operations of farming businesses and related exit of many smaller operators from the industry. A common justification of expansion is to take…
Do you 'present' your business to a lender (investor) or do you 'apply' for finance? This is the topic of the first Hewitt Advisory monthly newsletter. Please click below to read the article.
Rural Finance – ‘Presentation’ Not ‘Application’ by Richard Hewitt | Mar 24, 2016 | 0 CommentsWhen dealing with your bank are you making an ‘Application’ for finance or review of your facilities? What if this mind set was changed to a ‘Presentation’ of your business to a potential investor? For most…
Farming's serious need for more capital investment and production scale to satisfy expectations from overseas food markets will not sideline family farms from being key players in a new era for agribusiness.
Brim silos in VIC - amazing!!!
An online home for Australian farmers - providing a single source for their most valued information, and a stronger more unified public voice.
Agricultural exports achieved a notable milestone last year, overtaking coal
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The productivity and profit gains of such technology will be interesting to follow.
Real-time, adaptive farming is here as consultants take digital "big data" diagnostics into the paddock to allow on-the-go and predictive decision making.
A positive move for growers but Global wheat stocks are still heavy and we are likely to need more market shocks (local and/or global) for prices to lift substantially.
US crop reports have given Australian wheat futures a boost overnight.
Lets hope it continues....
The price of cattle has hit a new record in saleyards around the country.
Recent conversations are revealing growing interest in the Latevo Income Protection (Multi Peril) crop insurance product. As well as providing income to cover costs in the poor years, it is interesting to listen to views on how having a policy can impact the confidence to invest in the crop to better capitalise on average and above average years.
Below is a link to a post on LinkedIn relating to major companies which own no hard assets.
Are there any comparisons - now or into the future - to farming. Can a successful farming business be built with no land ownership?
www.linkedin.com/hp/update/6087460781224382464
The first 4 days of this week were spent in the Wimmera and Mallee in Victoria speaking at grain farmer meetings along with Andrew Trotter of Latevo International. Many in the region have had their second bad season in succession which always creates pressure.
When presenting the advantages of utilising the services of Hewitt Advisory to improve financial arrangements with your Lender and take greater control of your financial position, the room was full of agreeance. I am looking forward to progressing individually with many of the people we have met.
Latevo International offers Income Protection Insurance (also known as Multi-Peril Crop Insurance) to grain growers and it has been interesting hearing Andrew discuss what this can do for grain growers. Not only does it provide a payout in years of low cropping income (regardless of the reason income is low), by having this back stop in place (and thus removing the catastrophic downside risk) it can impact the confidence of growers to invest in their crop and thus fully capitalise on the good season. If you would like to discuss further please be in contact.
Welcome to the Hewitt Advisory page. Hewitt Advisory is a new business specialising in helping clients achieve optimal debt and finance arrangements. Our industry knowledge and process can potentially negotiate significantly improved interest rate and finance arrangements for our clients.
We specialise in Farm and Regional business debt and can also assist with equipment finance and home loan brokering.
This page is intended as a connection point and also a forum to discuss relevant industry topics.
Greater details of the business and why it is likely to be of assistance to you can be found on our website - hewittadvisory.com.au
I hope you enjoy the page and interaction. To discuss what we can offer you further please be in contact.
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