Business Financial Planning
Our aim is to help entrepreneurs and business owners build businesses on strong foundations that can withstand any storm. We want to help them own businesses that GROW, that are SUSTAINABLE, RESILIENT, and PROFITABLE.
We offer business assurance, a dynamic process that evolves with the business, providing a crucial safety net and a roadmap for navigating the challenges and opportunities of each stage of the business life cycle.
A systematic approach to risk management is crucial throughout a business's life cycle, ensuring financial stability, continuity, and long-term success by mitigating risks and aligning operations with business objectives.
Some risks are definitely more pertinent and crucial than others
Use the following prioritization list as a guideline:
Business Continuity
Business continuity upon death or disablement of business owners.
Settlement of any liabilities
Settlement of any liabilities owed to financial institutions. Business continuity upon death or disablement of business owners.
Settlement of Loan Accounts
The settlement of any business owners loan accounts owed to the estate of the deceased or disabled business
owner.
Building up Capital
Building up capital in the hands of the business to provide alternative security for liabilities that are currently secured by the personal estate(s) of business owners.
Employee Incentives
Providing employee incentives to retain key employees.
Building up Capital for expansion
Building up capital in the hands of the business to provide for the future expansion of the business or to replace capital assets.
Protection of Business against death
The protection of the business against the death or disability of a key employee.
Exit Strategy when owner dies
Depending on the age of the business owners, to provide for an exit strategy when a business owner reaches retirement.
Product Offering Solutions
Startup/Incubation Phase
The buy-and-sell agreement
To establish a solid foundation and protect against initial setbacks.
To address the disability or death of one of the business owners, a buy-and-sell arrangement can be entered into. This agreement ensures the obligation to sell is on the disabled or deceased owner and the obligation to buy is on the remaining owners. The agreement also includes purchase price and funding terms.
Contingent Liability Protection
To protect the personal estate of a guarantor who provided personal surety.
Business financing often requires surety from owners. This poses risk to their personal estate. A policy can be taken to ensure repayment in case of death or disability of the guarantor.
Credit Loan Account Protection
To enable the business to settle outstanding credit loan accounts.
Personal loans by directors to the business are common and often undocumented. If a lender dies, their estate may demand repayment. Insurance ensures the business can meet this demand.
Asset Replacement Provision
Ensures business assets can be maintained or replaced.
Expensive machinery and vehicles often require planned replacement. Businesses can invest in a fund to build capital for asset replacement or act as loan security.
Corporate Retirement Annuity Scheme
Provides employees with structured retirement benefits.
SMEs may find it costly to administer a retirement fund. A corporate annuity helps employees plan for retirement without administrative burden on the business.
Let’s look at Your Business
Helping you to build businesses on strong foundations that can weather any storms whether you are in any of the three phases:
- Startup Stage
- Growth Phase
- Decline Phase