Running a small business can be a tough gig, with business owners often wearing multiple hats, and Financial Advice sometimes being pushed into the too hard basket.
Understandably the day-to-day operations become the priority including running staff, managing clients, and keeping a focus on marketing to assist with growth. There is often little time to take a step back and look at the broader direction of the business and where it fits in the financial landscape of what is important to the business owners.
We understand that small business is the backbone of the community. We have found in the last 5 years that more than ever they are in desperate need for help to get them the best return for their work and effort.
So, what questions should you ask yourself as to whether you should engage a Financial Adviser to assist you?
- Do you have a clear picture of your financial affairs and how all your business structures of companies and trusts interact?
- Do you have an Advice map that shows you clearly in a visual format of all your financial life?
- Have you got a Business Life-Plan in place – do you know how your day-to-day decisions impact your future financial life?
- Have you had a discussion as to why you are in business, and do you have an exit strategy that you are working towards?
- Do you understand how much is enough to live off and feel that your investments are structured correctly with the best tax efficiency?
At Boutique Advisers we work hand in hand with our clients’ current advisers to help provide the best possible result to make the most of the hard work and time our clients invest in their business. This means providing fresh eyes and sometimes challenging normal thinking to create options to be discussed.
Contact Boutique Advisers to start your Advice Map and Life Plan Modelling journey.