These goals can be achieved with a clear financial plan that outlines the future of the business and your role within it.
However, have you considered what provisions you would need in place to cope with critical medical conditions, permanent/total disability or death of yourself or other significant personnel within your business? Would the business survive? How would you manage ongoing expenses, both in your business and at home?
If you’re in a partnership or multi-directorship, is there a Buy/Sell agreement in place which protects all parties should something happen to one or all of the key personnel? Have you outlined fair and equitable terms which cover valuation methods and sale terms should key members choose to leave the business?
These are just a few of critical questions you need to answer.
Owl Financial Management understands the complex issues involved in running a business and can help you plan your goals, objectives and contingencies. We review these on an ongoing basis to ensure your plan grows and changes with your business so you always have the best strategies in place.
You may require a complete financial plan for both the business and yourself which encompasses:
- Buy / Sell agreements
- Strategic tax planning
- Personal insurance plan
- Investment advice
- Estate Planning
For Your Workplace
Owl Financial Management also offer FREE workplace financial planning services for you to provide to your staff. This gives them the financial education and information they need to stay up-to-date on the financial matters that affect important to them.
We’ve been told by many employees this is ‘real value add’ provided by their employer which offers an opportunity to learn and ask questions about many financial issues that may concern them, such as:
- Tax saving strategies
- Wealth Accumulation
- Retirement Planning
- Personal Protection
- Budgeting and Cashflow Management
Talk to one of our experienced financial advisors today about protecting your business and livelihood, or how you can give your staff an extra bonus with our free financial planning services.