According to BFA, the forestry and transport industries are among the most demanding and competitive industries they deal with. If well-managed these industries can bring high rewards, but equally are also fraught with very high risk.
What makes the BFA team exceptional specialists in this area is their complete knowledge and experience of the forestry sector. The firm largely started on the back of BFA Director Garth Beker’s specific industry knowledge who initially trained as a forest ranger, then specialised in logging working throughout the country. Since then, BFA has built a strong team with excellent knowledge around all contracting industries and in particular, the business of forestry.
In a volatile commodity-based industry they recognise that you must be quick to adjust to economic changes which are often just around the corner. Forestry contractors, transport operators, forest roading contractors and forest silviculture contractors need not only be very good operations managers but also have good business and financial skills and surround themselves with experts who understand the industry and advise where required. Financing, cash flow management, tax structures and overall risk management are core areas that require regular review through excellent people and systems.
With their key experience in the industry, the BFA team can help you with all aspects of doing business in the forestry industry and this is just the start – they have a qualified team that can then ensure that all those other specialist areas that you may need support with, like succession planning and property matters, are incorporated into your business solutions.
They start with great financials and tax planning, so that they can create the best decision-making process on rates, cash flows, budgets and funding. They will help structure your affairs to best protect your assets and when the going is good, they help you diversify your opportunities outside of the industry. They think ahead by looking at what volume of work is coming online, what is current and projected in the world markets and what challenges are coming up as with issues such as mechanisation and other technology.
As Garth Beker says, “Many of our people have personal experience, both current and past, in forestry and contracting in general, through owning and operating transport companies or, like myself, as a forest ranger. We know what it is like to work in these fields and bring that knowledge into providing the best advice and solutions for our clients, every day.”
If you want to make sure your business is on track, get in touch with us for industry-specific advice and support. We can help you with all aspects of doing business in the foresty industry.
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