Your Time is Precious
Your time is precious but you are probably like many small business owners wondering how it continually flys by! Getting new business, dealing with customers, staffing issues, cashflow – the list of daily calls upon your time is endless. This inevitably leads to a failure to plan for your future once your business career comes to an end.
Your Business is Your Vehicle
However, you are in a fortunate position. You are in a position to use your business as your vehicle to not only fund your lifestyle now but also to fund your lifestyle once you decide to stop being in business.
Your opportunity
As the owner of a small business you are in control of how your profits are used. You decide how you are paid and how much. You are also in a position to benefit from attractive options to both minimise tax and build up your savings for when you want to retire.
A great way to plan for your future is to incorporate your personal financial plan into your business plan. This then enables you to regularly divert profits in a tax effective manner out of your business to provide for your retirement in the most tax effective and efficient means possible.
Exit Strategy
Many business people say “my business is my pension”. They generally mean that they will sell the business when they retire and live off the proceeds. This may be a valid strategy but you need to ask yourself:
- will someone buy my business if I am no longer involved?
- how much might I get for the business?
- is the amount I receive enough to fund my lifestyle now that my regular business drawings have stopped?
- what is the most tax efficient method of selling my business?
- what do I need to do if I want to pass the business on to my children?
In order to benefit from working with us typically you:
- are the owner or shareholder of a successful business
- are based within a 25 mile radius of Leigh on Sea, Essex
- have a business that generates profits each year in excess of £50,000
- are aged over 45
In addition:
- you are materially successful
- you are able to take a step back and see the “bigger picture”
- you have little time available to you
- you are happy and willing to work with us and to delegate when required
- you are comfortable taking advice
How We Help You
By listening to you and asking the right questions we help you to take a step back from the day to day business pressures. You will be able to identify what goals are really important to you, the timescale over which you wish to achieve those goals and the assets that you need to accumulate to fund all of this.
By using sophisticated cashflow modelling we enable you to have a clear vision of your future. You have complete clarity about your future plans and a clear direction in how to achieve your goals.