Starting your own business
Deciding to become your own boss can be a scary step to take but through careful planning and receiving the right advice your new business can have every chance of success.
At first, it can be a little overwhelming – so many things to do, and so many people vying for your time. However, getting started on the road to financial security can be made a lot easier by consulting a financial planner.
Logistically, it may seem like there’s a legislative and taxation minefield that you suddenly need to negotiate. Some of the questions you may be asking yourself might be:
- What considerations need to be made when planning to start a small business?
- How will you fund the business set-up if you have a limited cash-flow?
- What sort of insurance will your business need?
- Should I look at the Buy/Sell agreement??
- What are my obligations if taking on employees?
- What happens to my business if I die or become disabled?
- How will you maximise your earning and minimise your taxes?
How Can a Financial Planner Help?
A financial planner can help you to determine the financial requirements for your business, freeing up your time to do what you set out to do – run your own business.
How we can help business owners:
- Advise on the financial planning aspects of your business.
- Review and recommend specialised insurances that are needed to protect yourself, your business and your employees.
- Provide advice on your KiwiSaver requirements for both yourself and your employees
- Help investing your business profits.
- Provide advice around succession planning and buy/sell arrangements for partnerships.