Starting or selling a business

More and more people are choosing the lifestyle benefits of self-employment and small business ownership. While starting your own business is an exciting experience, it helps to engage a professional financial planner to provide specialist advice before you leap into the unknown.

And being so busy you will welcome as much support and assistance as you can get! If you're still in the 'dream phase' speak to your financial planner about wealth management strategies to help you start your business sooner. Likewise, if uncontrolled debt is threatening to destroy your dream, seek debt management advice and get your finances on the right track.

Just because you're self-employed doesn't mean you're not going to retire, so you need to make superannuation contributions. Your financial planner will help you choose the right option for you. If you have employees, your financial planner can assist you in meeting your business superannuation obligations and provide your staff with salary packaging solutions. It's also worth considering income protection and financial strategies to help maximise your income and minimise your tax. Life insurance and estate planning are also important considerations in ensuring your business and family are protected.

When it's time to sell up, your financial planner can help you determine the best way to utilise the capital to meet your overall goals, whether it be investments, super or paying off debts.