Cash flow management &
Business Succession Planning
Business Succession Planning
Business Succession Planning
Have you had your business valued and do you know the steps to seek a buyer?
Succession planning can be stressful because of the many emotional and legal considerations involved. We understand what’s required to ensure a smooth transitional process for all involved, plus the strategic financial steps to be considered when you receive a lump sum payment for a business.
Setting the correct structure from an early stage is critical. It ensures that you limit your Capital Gains Tax exposure, makes provision for the transfer of ownership in the event of an accident, and maximises the asset’s value.
Effective succession planning provides a smooth transition for family members involved in the business and ensures that valuable employees are also considered.
Talk to us today about building a plan that ensures you can retire from your business proactively and stress-freely.
Cash flow management
This service will provide you with the benefits of an organised cash flow system, so critical for personal financial success. You’ll understand where your money is going – and where it needs to go to help you achieve your ultimate life goals.
Where financial advice is about long-term planning and life’s major financial decisions, money coaching is more about your cash flow and spending habits.
Cash flow management and money coaching are offered as part of the Private Wealth Program.
What does the program give you?
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A 28-day challenge that will turn you into a more mindful spender;
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Your own Money Machine – a personalised and automated bank account structure;
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Set you up with your very own Wealth Portal that you can access 24/7 that securely links your bank accounts, assets and liabilities with automatic updates and transaction reconciliations. This will help you keep track of your cash flow and for you to watch your wealth grow;
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A budget template for those who love a spreadsheet! Or a cash flow report from your Wealth Portal. This is to show you how much you are spending now, and how much retirement income you will need;
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A time and place to feel comfortable talking about money and your spending habits;
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An option to upgrade to the Cash Management Account service, to provide you with more accountability by helping you spend within your means and save for those important goals; and
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With your approval, collaborate with an external money coach to tap into your money values and money story – the emotional side of money – who is a bit like a life coach but for money.
What benefits will you see?
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Identify your money values and overcome conflict if you and your partner have different attitudes to money;
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Be motivated and empowered to achieve savings goals;
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Understand your childhood money memories and how to remove any blocks this imposes on your adult attitude to money; and
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Release funds to invest and save for the finer things in life.
