123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Investing---Finance >> View Article

Financial Planning Melbourne And Your Small Business

Profile Picture
By Author: Paul
Total Articles: 31
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

That’s why it’s important for your personal financial planning to take into account the unique considerations — and opportunities for owning and operating a small business. This brochure can help you get started. It draws on the expertise of thousands of members of the Financial Planning Association.
A ‘Big Picture’ Process
Financial planning is the process of wisely managing both your personal and business finances so that you can achieve your goals and dreams. You can do financial planning on your own or with the assistance of a financial planner Melbourne.
Either way, it makes sense to follow a financial planning process that includes:
• Setting realistic financial and personal goals
• Evaluating where you are now financially
• Developing a plan to reach your goals
• Putting your plan into action
• Monitoring your plan to stay on track with changing goals and circumstances.
Financial Planning Takes a “Big Picture” Approach
Examine all areas of your finances — investments, tax planning, insurance, retirement planning and estate planning — in the context of your business to make sure they work together to achieve your goals.
A Different Kind of Investment Plan
Small business owners frequently focus all of their investment money, including for their retirement, on their own business.
After all, it’s the business they know best. The problem with investing solely in your own business is one of risk, because for every immensely successful business, dozens more either fail or return only modestly. That’s why financial planners Melbourne typically counsel business owners to diversify at least some of their investment money. The following are a few suggestions:

• Start with a written investment plan that takes into account- your business and will keep your finances steady through rough times.

Total Views: 118Word Count: 274See All articles From Author

Add Comment

Investing / Finance Articles

1. Overcome Your Financial Expenses With Car Title Loans
Author: Ethan Carter

2. Student Loan Scams And How You Can Save Yourself From Being A Victim Of One
Author: Alex Miller

3. The 6 Cryptocurrency Exchanges In India Which Can Be The Saviour Of The Economy
Author: coinbreze

4. Sbi Has Launched New Product On Real Estate Finance
Author: Stock Investor

5. Distribution Days: How To Track Market Weakness In A Confirmed Uptrend
Author: Marketsmith India

6. Expert Views On Gold And Silver Prices
Author: Stock Investor

7. How To Spot A Bullish Base-on-base Chart Pattern
Author: Marketsmith India

8. Busting The Investing Myth That Penny Stocks Can Lead To Marvellous Riches
Author: Marketsmith India

9. How Does Merchant Cash Advance Work For A Small Business?
Author: Sara Bond

10. Direct Lender Loans: Expensive But Efficient & Easy
Author: Novlik Nisudan

11. What Is The Similarity Between Teabag And Mutual Fund Investment Bag?
Author: Deep Gajbe

12. Apply For An Unsecured Business Loan & Fulfill Business Goal Or Requirement.
Author: sana poonawalla

13. Federal Bank Shyam Srinivasan About Current Environment
Author: Stock Investor

14. Granting Your Personal Loan- Reasons You Might Need!
Author: Sumit Dahiya

15. How To Apply For A Personal Loan – A Step By Step Guide:
Author: John Judge

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: