𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐚 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐭 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬: Protect, Value, and Grow

As a small business owner, it's crucial to think about the future and how to safeguard your business against potential risks, maximise its value, and build wealth for your retirement. Here are some key principles to consider:

𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞 𝟏:

𝐏𝐫𝐨𝐭𝐞𝐜𝐭 𝐀𝐠𝐚𝐢𝐧𝐬𝐭 𝐑𝐢𝐬𝐤

Staffing Risk

Imagine your top employee can't work for 6 months. What happens to your business? Your operations could face serious disruptions without them. Key Person Cover ensures your business runs smoothly, even in their absence, protecting your revenue and stability. Additionally, implementing an Employee Group Insurance scheme can be a game-changer. It offers your employees valuable benefits, making your business more attractive to potential hires and helping to retain your current staff. This can reduce recruitment costs and improve overall employee satisfaction. Don't wait until it's too late. Secure your business today with Key Person Cover and Employee Group Insurance.

Owner's Risk

Can your family afford to buy out your partner's share if something happens to your business partner? Can your business partner afford to buy out your share of the business, if you die or become permanently disabled? If not, what happens to your family's wealth? Many firms don't have the cash available to buy out other partners, and many people don't have the money in their personal wealth. Re-mortgaging a house is not always an option. Shareholder Protection secures your family's future and your business's stability, ensuring that your loved ones are financially protected. Plan ahead and protect what matters most. Get Shareholder Protection now.

Business Continuity Risk

What if you can't work tomorrow? Who pays the bills? Not paying fixed costs can be deadly to a business. Business Expenses Cover keeps your business running during unexpected events, covering essential costs like rent, salaries, lease vehicles, and machinery maintenance. Ensure business continuity and peace of mind. Get Business Expenses Cover today.

𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞 𝟐:

𝐅𝐢𝐧𝐝 𝐕𝐚𝐥𝐮𝐞

Current Value

Do you know what your business is really worth? Many owners don't. Discovering its true value helps you protect and grow your investment, ensuring you're on the right track. There are many ways to value a business, yet small businesses usually trade on the multiple of the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation). Unfortunately, many firms don't sell for the expected amount because they are underperforming. Unlock your business's potential. Find out its true value today.

Plug the Gap

Is there a gap in your business plan? Strategic planning looks at key factors and influences on your business and industry, then looks to the future and reverse engineers what activities are required to be executed to get your business to your desired future value. Identifying and closing these gaps can drive significant growth, helping you achieve your business goals more effectively. Plug the gap and watch your business thrive. Start today.

Future Value

What will your business be worth in 5 years? Planning for future value ensures long-term profitability, helping you make informed decisions for sustained growth. Secure your business's future. Plan for its value today.

𝐏𝐫𝐢𝐧𝐜𝐢𝐩𝐥𝐞 𝟑: 𝐁𝐮𝐢𝐥𝐝 𝐖𝐞𝐚𝐥𝐭𝐡

Exit Strategy

Want to exit your business on your terms? Exiting a business takes time to do properly. Did you know that 70% of firms don't sell even with a broker because they have not been prepared to transact properly? This isn't the broker's fault; they can only work with what they have in front of them. Planning your exit strategy now means you can leave your business when and how you want, for the amount you want, ensuring a smooth transition. Start planning today for a successful exit. Your future depends on it.

Retirement

Worried about retirement? Retirement involves the family too. What are their needs and dreams? What aspirations do you have for your retirement? What is life after the business? How does it look to you? Ensure you have enough to live comfortably by securing proper funding. Planning now can give you peace of mind for the future. Plan for a comfortable retirement. Secure your future today.

Investing

Is KiwiSaver enough for your future? Diversify your investments to grow your wealth and secure your financial future. A well-rounded portfolio can provide stability and growth. Start building wealth today for a prosperous tomorrow. Invest wisely.

𝐂𝐨𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧

Your business is your greatest asset. By protecting against risks, finding and maximising value, and building wealth, you can ensure a prosperous future for yourself and your family. Don't leave your business's future to chance. Start planning today and secure your peace of mind. Remember, you get to exit your business when you want, how you want, for the amount you want. Your Business IS Your Asset.