Khawar Khan’s Post

Our latest blog addresses business owners plans for retirement and “how much is enough?” The earlier you can engage with a financial planner, the more options you’ll have available…..

If you’re a business owner, selling your business might be a key part of your long-term finances. You may plan to use the sale proceeds to retire, provide greater financial freedom, or fund your next project. So, understanding how much is “enough” could be vital. Even if you’re not planning to exit your business any time soon, assessing how much capital you’d need to generate to secure the life you want could still be a useful exercise. Depending on your business and goals, it can take years to prepare a business for sale and you might want to take steps to improve its value beforehand. Assessing how much is “enough” for you isn’t about the value of the business, but rather what you need to enjoy the next stage of your life. Read on to find out about the 2 key questions you need to be asking yourself... https://lnkd.in/eR-2FwTn

Are you tired of seeing your hard-earned money slip away without a trace? It’s time to turn the tables and make your profit a priority with the Profit First method! 📈✨ Here’s how Profit First can transform your business finances: 𝗣𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝘇𝗲 𝗣𝗿𝗼𝗳𝗶𝘁: Instead of calculating profit as the leftover after expenses, set aside a percentage of your revenue first. This ensures you always have profit to celebrate! 🎉 𝗔𝗹𝗹𝗼𝗰𝗮𝘁𝗲 𝗙𝘂𝗻𝗱𝘀: Divide your income into specific accounts for Profit, Owner’s Pay, Taxes, and Operating Expenses. This way, you know exactly where every dollar is going. 💰 𝗦𝗶𝗺𝗽𝗹𝗶𝗳𝘆 𝗬𝗼𝘂𝗿 𝗕𝘂𝗱𝗴𝗲𝘁: With clear allocations, budgeting becomes easier and more efficient. No more scrambling to cover unexpected costs! 📊 𝗕𝗼𝗼𝘀𝘁 𝗬𝗼𝘂𝗿 𝗦𝗮𝘃𝗶𝗻𝗴𝘀: By prioritizing profit, you'll naturally build a financial cushion for your business. Imagine the peace of mind that comes with knowing your business is on solid ground. 🛡️ 𝗔𝗰𝗵𝗶𝗲𝘃𝗲 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗙𝗿𝗲𝗲𝗱𝗼𝗺: With consistent profit and organized finances, you’ll pave the way to financial freedom and growth for your business. 🚀 Ready to take control of your finances and see the profits you deserve? 💪 Schedule a call with me today, and let’s get your Profit First plan in motion! 📞✨ https://lnkd.in/gBAgJcQn If you're new here.. 📌Follow us @acrbookkeeping for weekly tips. 📌 Follow our other page @christianwomenpreneurs to additional tips to keep more of the money you make.

The first step in creating the exit for your business is preparing your finances. Are you ready? https://lnkd.in/egjGb2T

Money is the lifeline of your business. Successful business owners keep a strong, but healthy, connection to how it flows through their company. Maintaining a healthy perspective on money is key to getting your business off the ground and seeing it succeed for the long term. Read my article for keys to a successful relationship with money: https://lnkd.in/eyHVtVNq 

BUILDING A BUSINESS THAT OUTLASTS THE OWNER https://bit.ly/3sqeqAo #Business #BuildingABusiness #ExitPlanning #BusinessOwner

Do you know your business breakeven point? Knowing how much income you must generate to cover all fixed and variable costs means you can make better business plans and financial decisions for long-term sustainability and profit. #familybusiness #accounting #smallbusiness #builders #tradies #notforprofit #healthandfitness #artists #newzealandbusiness

What to Do When Your Business is Losing Money

Successful business owners often want more than money when they exit their business. They want to maintain aspects of their business that reflect deeply ingrained values-based goals that have guided why and how they do business. But many of those owners don’t realize the importance of those values until they are threatened, or don’t give them the attention they give to financial goals. As a business owner, it’s important to understand values-based goals sooner than later in order to factor them into how you choose to exit your company.