There’s more to choosing a business structure than what tax rate you’ll pay. What is the cost? Do you need to limit risk? Do you need more paperwork in your life? We’ve got a whole list to consider here.
If you’ve wondered how to get succession planning done in your business, we can help! Take a look at our 6 steps and get started.
Whether you’re buying, selling, or just in the midst of getting business done, a business valuation can be a helpful tool when making decisions about your own business, or one you’re thinking about buying. A business valuation is a way of measuring up the tangible and intangible assets of a business to come up with a realistic estimate of its value. These valuations are a little different to ones conducted on property and require the services of qualified professionals such as an accountant and business advisor to provide a comprehensive and accurate report.
Use the break to reflect on where your business is going. Revisit your business plan. It’s a great time to review key strategic activities.
Reviewing your goals on a regular basis is a good way to check your progress and review what you did to get there. It will provide you with an opportunity to analyse the status of each strategy and confirm if additional attention should be applied to achieve your goals.
Levels of volatility can vary so it’s important to understand that volatility is normal and there’s no need to panic. Understanding that volatility is a normal part of long-term investing in particular options can help to reduce your concern and worry.
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