Financial Planning & Funding Your Business
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Transcript of Financial Planning & Funding Your Business
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Personal Financial Management
& Funding Your Business
Independent Advice & Financial Freedom
COMPLETE FINANCIAL
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What Does Complete Financial Do?
COMPLETE FINANCIAL
How do we do it?1.Online Financial Plan2.Complete & Consolidate Approach3.Educate-Newsletter/Blog4.Your Goals & Deadline Driven5.Meetings & Reviews
What do we Do?• Advise Individuals & Companies, Directors & Self-Employed, 50+• Help people manage their Money, Insurance, Investments, Retirement• Repair and Protect-Prevention is better than cure
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What is Wealth? COMPLETE FINANCIAL
“Wealth is a measure of your ability to do what you would like to do, when you would like to do it”
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What's Your Goal? COMPLETE FINANCIAL
• Make Money• Have Fun• Help People• Be in Control• Have Time to do what you want• Take care of You & Your Family• Financial Freedom
YOUR GOALS
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Why Bother Planning COMPLETE FINANCIAL
Because if you
don’t THEY will…
COST SAVINGS
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Key Financial Planning Areas
Protection• Income•Mortgage•Life•Serious Illness
Business Protection•Keyman Insurance•Shareholder Insurance
•Partnership•Group Risk
Savings•High/Med/Low Risk
•Short/Medium Term
•Regular/Lump•Emergency/Kids/TaxCar/Expenses
Retirement / Investments•Capital Protection•Fund Profiling•Business Expansion Savings
•Tax Planning
Inheritance & Will Provisions•Estate Planning•Statement of Affairs
•Will / EPOA
COMPLETE FINANCIAL
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Financial Review Process-Roadmap
Current Situation Review
1.Goals 2.Priority 3.Deadlines
KPI’sKey Financial GoalsKey Business GoalsKey Personal Goals
What motivates
you
Goal Destinatio
n
Review&
Adjust
COMPLETE FINANCIAL
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COMPLETE FINANCIALPersonal Financial Roadmap
Process1.Current Review2.Financial Plan3.Roadmap to get
there4.Prioritise5.Implement6.Review
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ACTIONS1. Have a Financial Plan for You
a) Target Income now and in 5 yearsb) Target Income in Retirement, What agec) Passive v Active Income
2. Have a Financial Plan for your Businessa) Target Incomeb) Net Income and BEPc) Structure-Sole v Otherd) How do you take money out?
3. Measure and Review-Annually at a minimum, Monthly4. HAVE A FINANCIAL HEALTH CHECK
How do I achieve my Goal? COMPLETE FINANCIAL
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1. Consider the many benefits of Financial Planning2. Complete Financial Review today3. Write Down Your Personal Goals and Plan4. Write Down Your Business Goals and Plan5. Focus on the Key things-80/20 Rule6. Be ruthless with your Time & Resources7. Create, Maintain and Transfer Wealth
Next Steps
Complete Financial- Independent Advice & Financial Freedom
COMPLETE FINANCIAL
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Traditional Funding routes are very Tight
Why are you trying to Fund? Grow Your Income / Business Reduce your Costs to a Minimum-Bootstrapping What's Your Breakeven Point? Benefits v Costs
Things You Need To Have / Do 3 Year Business Plan and Detailed Financials Is your Business a Commodity or a Service? Why would an Investor/Bank Invest
Share of Profits, Profit on Sale, Interest on Loan Looking At-How you manage Your Finances & Business What is Your return on Investment
Others Benefits-Investment Partner• Other Sales Channel, Experience, Skills• Do that already
FUNDING YOUR BUSINESS COMPLETE FINANCIAL
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Appreciate Your Feedback on Our
1. Online Financial Review
2. Newsletter
3. Blog-Irish Financial Adviser
4. Website
FEEDBACK
Complete Financial- Independent Advice & Financial Freedom
COMPLETE FINANCIAL