It could be tomorrow, it could be next year, it could be 2020 – but the next market correction is inevitable. Safeguard your business against volatility with the following 5 steps.
Have you done anything this week within your business (or at home) to improve a task that you work on every day or every week? Is there something about that task that allows you to complete it in less time? Could you spend an extra five minutes working on it to create an outcome that is more valuable than what you currently produce?
I have always seen one of the biggest challenges facing our industry is the need to make what we do, and how we do it, easy to understand and interesting.
Entrusting your financial future to a so-called expert is often fraught with disaster. Trust me, I know. I have been burnt by investing in managed funds that had outperformed all others – that is, they outperformed until I invested in them. I have employed highly recommended financial planners, only to fall into the trap of an independent planner that encouraged investments in the share market with borrowed funds. My risk was their gain. I was paying fees based on the size of my investment. Guess who couldn’t lose in this scenario?
In recent months, financial advisers have been in the spotlight as a result of some poor advice provided by a few bad advisers. This made me think about how my clients see me and what my role is as I provide them with advice.
Baby-boomer business owners are ramping up their plans to exit full-time work. It’s this group that is looking for help in meeting the trials that lie ahead. In a challenging business environment, business owners are relying more and more on the sale of their business, to retire or invest in a new business venture. Many partners feel that they cannot afford to retire or cannot sell their business.
In filming this television series, I was fascinated to see the process of real investors going through a guided journey to understanding investing better. One of the better aspects of seeing this journey was witnessing how the three advisers guided their clients through the process.
Estate Planning is, in many cases, treated by financial planners as an afterthought. But the glaring fact is that 45% of Australians not have a valid Will – this should be seen as an opportunity for Financial Planners to engage on this with their clients and do more.
Social licence is a bit like the equity you have in your brand. It’s hard to define, but you know when it’s gone.
Every business owner wants to understand the value of their business. But what does a great business look like with real enduring value? Here are five simple steps to manage and track how your accounting firm is creating future value.
No More Practice Education Pty Ltd
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