YOUR
SIX BUSINESS CONCERNS
EXPANSION
How concerned are you that your cash flow, credit lines, and
business surplus will be
available to meet plans for expanding your business? Business
thrives on a positive cash
flow (money). Establishing the most effective strategy for making
sure that the dollars
are there when needed is essential for a growing business.
TAX ADVANTAGE
How concerned are you about getting all the tax relief to
which you are legally
entitled, that is both suitable and logical for you and your
business? Increasing taxation
in the business world is both a reality and a serious problem for
the business attempting
to fund its growth with cash flow. The bite of taxation can
inhibit or even kill the
growth efforts of a company.
SAFETY
How concerned are you about your ability to recover all or
most of the investment that
you have made in your business? Some businesses will take a very
conservative approach to
operations and expansion, while others show a higher level of
risk taking. Business itself
is "risky," but many strategic approaches can reduce
the risks significantly.
RECRUITMENT
To what extent are you concerned that your business cash flow
helps you recruit and
retain key executives and employees? The market for middle and
upper management or people
with specialized skills is extremely competitive. Being able to
meet the competition and
attract and hold key people will be even more important in the
future.
TRANSFER
How concerned are you that your plans contribute to an
orderly transfer of your
company (at a top price) at retirement, at sale, or in the event
of your death? Many
strategies are available to solve any problems in this area.
Forced sales at retirement,
due to disability, or during normal working years because of
premature death, can leave a
family with very little.
PERSONAL NEEDS
Products and services may be provided to you by your company
with an outlay or cost
less than you might pay from your personal funds. How interested
are you in using business
dollars, wherever possible, to fulfill your personal needs?
Increasing business taxes may
dictate that those items that afford tax deductions be paid for
by the business, and those
that do not be apportioned between the business and the personal
pocketbook.
