It is a sad fact that business people can be so busy building their business, they can overlook crucial factors which could have a very negative impact on their lives. Situations like a change of business ownership or financial difficulties can have devastating effects on a business if they are not prepared for the worst.
So at Complete Financial Solutions we can help you come up with a plan that can help a small or medium sized business overcome many setbacks which could get in the way – before they even happen.
Of course everyone goes into a new business venture hoping for the best. But it is also best to plan for the worst and our business planning skills can help should a business fall into a vulnerable financial position.
From an owner’s perspective, being forced into a situation where you have to sell a business you have started from scratch can be the ultimate nightmare. Yet if you manage the change well it can have a minimal effect on your day-to-day operations.
A business could also find itself in difficulties not just financially but also if you or a business partner is hit with long-term illness, disability or sudden death. We can build you a risk protection strategy which will help your business mitigate some risks by using ‘key person’, income protection and trauma insurance. This risk protection strategy can also include business overheads insurance, insurance that covers fixed rate expenses that continue to cost you money even though you might not be at work. In addition, we also take into account tax implications of your business interests when addressing your personal estate planning needs.
So building a business is not just about trying to make money. You also have to plan for the future and cover any unexpected problems. So talk to our experts at Complete Financial Solutions to get the right advice for your Business Planning needs.