Objectives
It’s a big mistake to launch into business planning without first establishing why the owner is in business. So, we start with a deep personal fact find to see what the drivers are such as these and apply practical methods to ensure that the business plan achieves what the owner wants.
For example…
And throughout our long relationship we keep these under review as your circumstances change.
WEALTH TRACKING
The ultimate goal is to sell or pass on a valuable business. There are decisions to be made along the way like should I leave cash in the business or take it out for personal property purchase, to live in or to rent out? If I leave it in, should I use it to buy fixed assets or invest in marketing and workforce expansion? And what about pension planning?
All these have cashflow, tax and wealth implications and we are there to thrash them out with you.
RETIREMENT PLANNING
Closely associated with Wealth Tracking this is about working out how to retire with sufficient funds to live comfortably for the rest of your days. Will you carefully prepare the business for sale at a high price or will you pass it on to family or management ensuring a continuous flow of post-retirement income from them? Can your pension fund hold shares in the business or rent assets to it. What should your will say and ought you to grant powers of attorney?
All this we will plan and execute with you.