BUSINESS PLANNING IS ABOUT HAVING A CLEAR PLAN TO CREATE CASH FLOW AND CERTAINITY IN YOUR BUSINESS
One of the main questions to consider is what would happen to your business if one of the partners or a key person of your business leaves? What impact would this have on your cash flow? This is where having a plan in place can help with challenges many business owners may face.
Future proof your business
Having a business succession plan in place makes sure that the right amount of funds from the right source pass to the right party at the right time in an unexpected event.
Have the right legal setup
Equity transfers, shareholder and buy/sell agreements can be quite complicated so it’s important to have these documents correct. Talk to an expert about your business structure.
Key person insurance
Specialist people who create cash flow and business profitability are essential to consider in your business plan. You can insure for this type of risk. Talk to our advisers about your options.
Things can change when you least expect it and cause havoc to your cash flow – make sure your business is not caught out.
There are many solutions to creating cash flow and future-proofing your business. Reviewing your ACC and tailoring this with sickness cover is just one option to consider. Talk to our advisers, they are experts in helping businesses with their risk management strategies.
ACC has some staggering statistics for work-related injury claims. In 2022 there were 283,241 active claims and the cost of these claims was $968,945,324!
Source: Statistics ACC New Zealand 2022
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