Where Your Business Is vs. Where You Want It to Be
As a business owner or director, it’s important to take a step back and assess where your business is today versus where you want it to be in the future. Taking the time to align your business financial goals with your personal financial aspirations can make a significant difference for your future.
Here are some key considerations to help ensure your business supports both your professional and personal financial goals:
Your life now: Consider what is important to you
Life moves fast, and it’s easy to get caught up in the daily demands of running a business. However, pausing to reflect on what matters most to you—and your family—is essential.
Ask yourself:
- Does your business align with your long-term personal needs?
- Are there changes you could make now that would have a lasting impact on your future?
- How’s your work-life balance?
Thinking through these questions can help you identify gaps and opportunities to ensure your business supports your personal priorities.
Your life in retirement
How do you envision your life after retirement or once you’ve sold your business? It’s important to understand the current value of your business and how it fits into your retirement plans.
Consider:
- How much is your business worth?
- Will it be enough to fund the retirement lifestyle you want?
We can help assess the value of your business and determine how to bridge the gap between where you are now and the retirement you deserve. Don’t let the day-to-day demands of running your business keep you from planning for your future.
Your legacy
What legacy do you want to leave behind? This is more than just your business—it’s about your family, your values, and your long-term vision.
Reflect on these questions:
- Do you plan to sell your business?
- Does your family have the right protection in place for the future?
We offer intelligent cash flow modelling tools to guide you through every stage of your business journey. By defining what your ideal financial future looks like, we can analyse your current position and help you create a clear path toward achieving your goals.
You’re busy, let us help.
We understand how demanding running a business can be. That’s why we’re here to provide clarity and support. Let’s work together to ensure your business and personal financial goals are aligned, so you can move forward with confidence.
By Gregor Watt
Managing Director and Chartered Financial Planner
HJP Chartered Financial Planners
To find out more about Greg, click here
For more information, take a look at our Business Owner Advice Service
Accreditation
