Insights from the Smart Financial team
As average life expectancy continues to increase, more and more of us are likely to require some form of long-term care as we get older. But with places in residential care and nursing homes costing in excess of £25,000 a year, paying for that care is becoming a serious challenge for a growing number of people. Government is making proposal … Read More
In the exciting early days of starting your business, many business owners never truly think about leaving it. You may think that you’ll just cross the bridge when you get there, but the truth is that business exit planning helps put you in control of your business and consequently, your personal life. Being in control is much easier when you write … Read More
Sometimes success is harder to accept than failure. For many successful business owners, their careful and pragmatic approach to running a profitable company is the very trait that prevents them from truly enjoying the fruits of their labour. There is no shame in working hard, and the same applies to getting the most from your success. The key to enjoying … Read More
Retirement can be an exciting but daunting prospect for many business owners. The fear that your retirement won’t be enough to fund your dreams is a valid one but you can confront it. You didn’t create a business with sheer luck, and you won’t retire with sheer luck, either. Having a long and well-deserved retirement requires diligent planning with your goals … Read More
Understanding financial risk can be a complex subject mostly because everyone seems to have a different definition. Traditionally risk has been defined by a dry and mathematical term called volatility. Volatility being a measure of the dispersion of returns for an investment. Essentially, the amount of uncertainty we have about how the value of an asset may change. Defining Risk … Read More
If you are the owner-manager of a small business you probably have a thought somewhere in your mind that one day, at some point, you are going to sell. But, why?! Whatever the reason, this is the first and most important question we always ask our small business owner-manager clients: Why?! Why do you want to sell? Everything else we … Read More
Cheshire based Personal Trainer Helen Murray takes a closer look at the positive effects it can have on your mental health As a keen runner and coach, it goes without saying that I like to keep active. In fact, I’m not very good at sitting still at all. But sometimes, just like most other people, I really can’t be bothered … Read More
All business owners want to factor growth into their plans. If you’re a wholesaler, you’ll face some unique challenges but should be able to build in parameters that will allow you to grow when you’re ready. Not only will this ensure short term success, but should also get you the price you need when you’re ready to sell. Six Ways for … Read More
Selling your business is one of the most important transactions you’re likely to make and yet it’s often a process that is overlooked until the very point you are ready to sell. Although it might sound premature, the truth is you should build value and sellability into the heart of your business as you’re starting out, long before you reach … Read More
