As a business owner, are you planning effectively?

Tax

• Ensure you have the best structures to optimise your tax position.

Diversifying

• Invest some of your profits outside your business into other sectors for your own personal planning.

Asset Planning

• Ensure you have accounted for possible scenarios if something should go wrong.
• Determine how a family trust might work for you.

Retirement Planning

• Find out how much you will need for the retirement lifestyle you want
• Then work out how you can achieve it.
• Set a balance between lifestyle today and when you stop work.

Exit Strategies

• If you will eventually sell your business, plan to maximise its value; identify potential purchasers.
• Think about where to invest the proceeds and how you will spend your time.