Analyze your Business – Do you have a plan?
Australian Financial Planning Organisation believes that risk management is an important part of business survival and it should represent a large part of its forward thinking.
Things to consider
- Make sure the business continues to operate even if something happens to key personal or through litigation claims either from staff or clients.
- Have a succession plan for the day when you no longer wish to continue to be involved full time so you have the option of either consultancy or full disposable.
- Consider investment strategies to protect the businesses wealth and to assit with replacement costs.
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