Advice made for Ambitious Business Owners
Time to plan for you, the Entrepreneur
So you are doing really well in business, firstly we must congratulate you on the courage to go it alone. It takes a certain bravery to step out of the safety net of employment. You have our admiration.
At Southcote, we look after many entrepreneurs with different businesses and some with very unique business models. All of our client's however, have one thing in common, they want their business to be a continued success.
As an owner everything channels to you, you are the HR department, maybe sales, definitely marketing and sometimes the cleaner. This does not even take into consideration tax reporting, cash flow and staff. As the boss your day is stacked. We understand this so we schedule appointments around you.
Will is our Business Specialist Independent Financial Adviser at Southcote, looking after many business owners. This is largely because Will is a Founder, Owner and Director himself, understanding the challenges that go with running and growing a firm. Will and his team have provided advice to many entrepreneurs to help them make their money work harder, ensure they have a plan B and helping them maximise the relevant allowances that the UK tax system currently offers.
We want to ensure our business owner client's obtain the maximum benefit the law allows with tax efficiencies, available relief's, Grow their wealth and keep as much as they can within their family for their contribution to the UK economy.
How can Financial Advice help Business Owners?
Diversification
Growing your Wealth
If you own one equity (Your Business) and trade changes, reduces or the business needs to change, We need a plan. As a business owner its possible to invest excess corporate monies to help diversify income and grow another side to the business, helping you focus on what you do best
Growing your Wealth
Growing your Wealth
Business owners have the capability to change their own stars. Earning strong revenue, whilst not without cost, allowing the opportunity to shape Personal Wealth.
Is the purpose of most business owners to not just create a great product or service, but to be remunerated sufficiently to grow Personal Wealth?
As a business owner there are a myriad of options available to grow your personal wealth into pensions, investments, savings and trusts.
Expecting the unexpected
Your doing really well, then all of a sudden you become ill or worse you die unexpectedly and your business is now in jeopardy. Your family need the money you provide.
As a business owner you are able to insure yourself, sometimes tax efficiently to cover the loss of your income on death or cover some of the income you earn if you become ill and cannot work.
As an owner health truly means Wealth and sometimes it means business survival
Growing the value of the business
Growing the value of the business
Are businesses with their own investments, defined employee benefits and strong structure worth more on exit. We think so.
Growing the value of your business for a potential exit is an important factor if a sale is part of your retirement planning.
Exit Strategy
Growing the value of the business
Ongoing Support
Once you've sold the business, many owners end up with a large lump sum or a large income for a period of time. In some cases this can be a combination of the both.
We aren't business sale brokers, but we are planning specialists.
Large lump sums attract tax and its important that these monies last longer than you, to ensure a successful life after business.
Ongoing Support
Growing the value of the business
Ongoing Support
Financial Advice, especially that of an ongoing nature, we feel can really make the difference to your planning.
Imagine a year where there is no new budget announcement, no new regulations or no changes to your business or market. Now wake up.
Ongoing advice is there to support decision making when these inevitable announcements, regulations or markets change.