Running your business is challenging. Your daily grind involves making all the tough decisions and spending really long hours at work. We here at Visia have worked with many business owners who simply want their time back to spend it with their loved ones.
In order to succeed for the long term, we recommend planning ahead, with the help of a Perth Financial Planner, of course! We here at Visia have a few tips up our sleeve on why working with a Financial Planner is a must.
We foresee financial risks and work with you to identify a contingency
A primary reason to work with a Financial Planner is to prepare for worst case scenarios. Risks are heightened once you’re a business owner, as issues such as illness, injury and even death can have a detrimental effect on not just your company but your family and employees. By working with us to foresee risk, you can now save yourself a world of trouble in the future.
Help diversify your income streams
You know the phrase, ‘don’t put all your eggs in one basket’? Well, you shouldn’t put all your pennies into one income source and risk losing it all. Your Financial Planner will help diversify your income streams in order to strengthen your financial stability, increasing the reliability of your backup plans. In turn this will ensure you are not risking your entire livelihood in one avenue.
Give you back some hours on the clock – time management
There is no denying running your own business really pushes how much work one person can fit into 24 hours. While hard work is essential for success, there comes a point where you cannot possibly do it all yourself. Incorporating Financial Planning advice includes managing where your time is best spent, and when it’s smarter to hand over a job to someone else or cut out non-priority work areas. Everyone needs down time and family time – burning out can only damage your business. It is our job to help you get your ducks in a row so that you earn back some hours on the clock.
Help you understand and prepare an exit strategy
The goal of almost all entrepreneurs is to work hard today, so one day you can reap the rewards. Planning for that day, however far in the distant future it may seem, is an essential part of smart business planning. Our team has worked with several business owners who haven’t even considered what their exit strategy will look like. In order to create an effective roadmap for your company you need to know where you’re headed and what you’re aiming for in the long run. At Visia, our approach is holistic, we look at your goals 1-3-5, even 10 years for now!
Start today
Whether you need help developing a growth plan or a hand in managing all the various aspects of your life that include business and leisure, bring in the experts to help steer your company in the right direction. At Visia, we cater our financial planning services to your specific needs, no matter the company size or sector. To get the ball rolling chat to us today.
Disclaimer: Kora Drage and Visia Financial Services (ASIC No. 442129) are Authorised Representatives of Sentry Advice Pty Ltd (AFSL 227748). The information contained in this article may contain general advice. It is of a general nature only and does not constitute personal advice. You should not act on any information without considering your personal needs, circumstances, and objectives. We recommend you obtain professional financial advice specific to your circumstances. Any views and opinions provided in this article may not reflect the views and opinions of Sentry Advice Pty Ltd.
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