New Business Directions’ Post

If you have a family business, you may wonder what will happen to your legacy after you’re gone. And how long will the business you’ve built last after you step away from the helm? There are several things you can do to help your business thrive through the generations. Learn more: https://brev.is/RULZ4.

Just as building your businesses success wasn't by accident, neither should your exit. Thoughtful planning is the best path to a successful transition of your business and to the next chapter of your life.

Attention Business Owners! How you spend your time impacts your business, so use it wisely! Take this quiz to learn more and find resources to help you achieve your most pressing priority. https://lnkd.in/eAt9gyV2

Attention Business Owners! How you spend your time impacts your business, so use it wisely! Take this quiz to learn more and find resources to help you achieve your most pressing priority. https://lnkd.in/gX8VTB-g

Attention Business Owners! How you spend your time impacts your business, so use it wisely! Take this quiz to learn more and find resources to help you achieve your most pressing priority. https://lnkd.in/ekzbF7_A

Lets talk about Strategic Planning........ Anyone who has been drawn into the latest season of the traitors will understand the essential need to understand your faithful, project the future, follow the money whilst keeping the faithful supported, robust and firmly buying into your vision. Business is very similar to the traitors......It is about strategy and the agility to move with the times, understanding your business short, medium and your long term aims. Does your strategy work for the long term? I have the privilege of working with a number of clients guiding them with strategic business planning. If you think I can help your business, please message me. I have some fabulous personal feedback and recommendations. Have a great weekend and stay faithful 😉 #rokconsultancy #retirementstrategy #retirementliving

Everyone likes a good ending, don't they? Whether it's a book, box-set or blockbuster movie, we do like it when the story comes together, and the ending is clear and meaningful. You could say the same about your business - when it's the right time to exit your business, whether due to retirement, sale, or if it's just time to take a different direction - it's going to be so much better if the process is handled in the right way, the way that's best for you. At Haines Watts, we are on a journey with our clients, and that includes the last part, at the end of a business, whatever the reason it is ending. We've created a guide that steers you through and around some of the main issues that we get asked about on this subject. Download a copy now using this link (https://lnkd.in/e7CWtnVb), and if you're at that point in your journey and would like to talk to us, just get in touch. #haineswattsscotland #taxadvice #businessadvisory #businessexit https://lnkd.in/e7CWtnVb

Many have as clients, or work with, Boomer Business owners. There are some interesting takes in this article.

Astor has recently launch our blog with personal money stories. Of course I want everyone to read these but sincerely, they are interesting perspectives of individual financial journeys. Check it out!

Balancing business success with family wellbeing is a challenge many business owners face. Here are some things to think about to manage the intersection of business and family: 1. Separate Your Finances: Keep business and personal finances distinct to avoid confusion and protect your family's financial security. 2. Align Your Goals: Ensure your business growth supports your personal financial goals, like buying a family home. 3. Prioritise Emergency Savings: Build a reserve to cover three to six months of expenses for both your business and personal life. 4. Plan for Retirement: Regularly contribute to retirement accounts alongside business growth to secure multiple income streams for your future. 5. Consider Succession Planning: Develop future leaders and plan for your legacy to ensure your family's financial security if you step away from the business. 6. Involve Your Family: Engage your family in financial discussions to align everyone’s expectations and priorities. 7. Seek Professional Guidance: Work with experts to create a balanced financial strategy that supports both your business and personal goals. At Olive Business Partners, we work with a number of family-run businesses and support them with growing their business to secure their family's financial future. Contact us if you'd like to know more!