FINANCIAL PLANNING
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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
LET'S START PLANNING FOR YOUR BUSINESS!
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