Last week we discussed one of two common mistakes made by business owners when planning to exit their business – not planning their intended exit in advance. This week we’re going to look at their second common mistake – not planning for their unintended exit at all. An unintended exit from your business results from […]
At some stage you will exit your business. It’s inevitable. It will either be an intended exit, such as selling the business or passing it on to the next generation, or an unintended exit resulting from death, disability or illness. Regardless, you need to have systems and strategies in place to ensure your exit is […]
Where is your superannuation invested? I don’t mean with which provider or in which investment option, but in what assets? What investments are you exposed to? Chances are you probably don’t know, right? A recent report – comparing the disclosure standards of all retirement savings systems in the world – claimed Australia’s superannuation system ranked […]
The Australian Securities & Investments Commission (ASIC), the regulator of the financial planning industry, recently released the results of its Shadow Shop Survey. The regulator claims that of the 64 financial plans obtained from planners around the country, 36 per cent were poor and 61 per cent were adequate. Only 3 per cent (or 2 […]
