7 Slip Ups Your Business Needs to Avoid

Riann Umaga-Marshall Asset Protection, Business Strategy & Planning

1. Not realizing that we are running a business. You love what you do and are passionate and committed to providing the service/product. What many business owners forget (especially when grinding away in the operations) is that you are now running a business. To make it a successful one you must remember that marketing, customer development and relationship building are …

Wash, Rinse, repeat – How to run your business like a business

Eugenie Jones Asset Protection, Business Strategy & Planning, Increasing Profit

We often come across business owners with great goals and big plans, however they have no real method in place as to how they are getting there. Here is a list of seven sections that we believe you should focus on in chronological order. Advertising – The purpose of advertising is to generate sales leads. There is a variety of …

Common Mortgage Mistakes to Avoid

Keitha McClure Asset Protection, Odds & Ends

Many people make expensive, easily avoidable mistakes when shopping for a mortgage. “Borrowers who don’t do their homework often end up paying more than they should, and in some cases that extra cost can really hurt,” says Paul Sian, a real estate lawyer and Realtor with HER Realtors in Cincinnati. Below are 5 key mistakes to avoid making. Fixing your …

Trust Management

Keitha McClure Asset Protection, Business Strategy & Planning, Odds & Ends

A family trust is like an insurance policy. You perceive a risk such as high taxes, asset testing, business failure, or relationship property and use a trust to insure against that risk. However, just like an insurance policy, a trust will not cover the risk if you do not manage it properly. Failure to manage family trusts correctly will put …

Wealth Creation

Hamish Mexted Asset Protection, Business Strategy & Planning, Increasing Profit

Business owners having an ‘investor attitude’ towards money is often the difference between furthering their short term income and long term wealth, or them taking undue risks and not future proofing their circumstances. As an investor you’re actively examining what you’ve got (current income and current assets), and how you can change the management of your income and assets to create …

Planning for the unexpected – Estate & Risk Planning

Hamish Mexted Asset Protection

Getting the bad news part of this article over and done with, we had a customer recently who passed away. Unfortunately, they didn’t have a clear will in place which, caused unnecessary complications for the family. Now, thankfully, they had significant financial resources so the family was well provided for – this isn’t of course always the case. Now we’re …

How much cash does your business need to survive?

Hamish Mexted Asset Protection, Business Strategy & Planning, Increasing Profit, Odds & Ends

How much cash does your business need to survive? Every business needs a certain amount of working capital to survive. This working capital is used to pay overheads and wages while you wait for your customers to pay you. It’s also used to buy your stock prior to selling it to your customers. Even profitable business can go under if …