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FINANCIAL PLANNING

THE RIGHT FINANCIAL STRATEGY FOR YOUR BUSINESS

Financial planning for your small business is about developing strategies to help you manage your financial operations and meet your short- and long-term goals. The first step is to make sure you have access to the right advice.

Having financial systems that are able to adapt to the ever-changing environment of investment, taxation, and regulation, can only be achieved with the right planning.

Why you should plan your business finances

Business owners and entrepreneurs are more positive about their business concepts, and more optimistic about the future when having an established strategy at hand.

A good financial strategy  will help you stay on track both; short-term goals and longer-term goals.

MISTAKES MADE BY BUSINESS OWNERS WHEN NOT PLANNING THEIR FINANCIAL STRATEGY

  • Keeping business and personal finances together
  • Unnecessary tax cost
  • A lack of an emergency fund
  • Focusing on cost-cutting rather than increasing sales
  • Failing to plan ahead
  • Using cash flow to finance large capital expenditure

WHAT THE RIGHT STRATEGY CONTAINS

  • Business goals 
  • Superannuation and investment planning
  • Cash flow
  • Insurance
  • Tax effective strategies

 

 FREQUENT QUESTIONS FROM SMALL BUSINESS OWNERS
Which corporate structure should I use to set up my business?
How much should I pay for rent?
Contractor cost- how are they getting paid?
What should be the pricing structure of my service or product? 
What overheads will the business be paying? power/ telephone/ internet /bank fees /software cost
Marketing Budget- how should I advertise my services or products? What should be the budget assigned to marketing?

LET'S START PLANNING FOR YOUR BUSINESS!

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