There are lots of reasons why people set up their own business. If you're lucky then you have a passion for your line of business and wanted the freedom of owning your own to live it to the full. Perhaps you inherited a business, perhaps you are building one with a view to exploit a niche in the market. Perhaps you founded a business to keep your family employed. There are as many reasons for running your own business as there are businesses but they all have one thing in common. At the heart of owning your own business is the creating and retention of wealth for you and your family. The problem is often that it's all too easy to lose sight of that, while you work in your business, rather than on your business.
Shire Financial Advice can bring a much needed independent perspective to your business planning to ensure that you earn and keep the maximum possible value in return for your efforts. Trust Shire Financial Advice to show you how to reap the rewards of your hard work.
Business Owner Investment
You work to grow your business, but how hard are your profits working for you? Shire Financial Advice can show you investment strategies that are the most tax effective and offer the highest reward for you given your business' specific needs including expected time of return, and likely needs for access to your funds.
There is no such thing as a risk free business. Whether it's market threats, competitor action, or ad hoc business problems such as key staff leaving or assets being damaged, every business needs a risk management strategy if it's going to be sure to earn and retain your wealth. Let Shire Financial Advice take a detailed look at your business and help draw up a list of likely risks and the kind of financial steps you need to take to ensure that you can ride them out if they come to pass.
You're a responsible citizen and pay your share, but nobody wants to pay more than they have to. Tax avoidance is obviously illegal, but tax efficiency is your duty to your business and your family. Shire Financial Advice will look at your tax position and payments and help you understand how best to legally minimise your outgoings.
Business Succession Planning
At some point you may want to hand over your business to your family and having worked so hard to build it up you certainly want to have a solid succession plan in place. Business partners can change or move on too and with strategic planning from Shire Financial Advice you can be sure that those changeovers are as smooth and cost-effective as possible.