Financial Planning

Financial Planning 101 for Entrepreneurs

FINANCIAL PLANNING > A vital part of providing for your loved ones in the event of trauma, disability and/or even death. It allows you to have comfort in knowing that your loved ones are looked after during a time that you are unable to provide. Think of it as a “Blueprint” of how you would like things to happen in your absence! Here I sit with 13 years of experience in the Financial Planning industry; a New Entrepreneur, making my way alone in the Business Landscape for the first time. As a result of my background, I often find myself answering a ton of questions as to why we need to pay for financial planning and its perceived benefits. What I've learnt is that people don't like to pay for things they cannot see, feel, smell or eat . . . but believe me when I say: Financial Planning is crucial!

Financial Planning 101

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Top questions to ask your accountant

Top 5 questions to ask your Accountant

Number 1: How often should we meet?

The answer to this question should be glaringly obvious to your accountant. At least once a month! Your accountant is your first business advisor you have. They are the first ones to assist you in starting your business, running your business and ensuring that you run your business as legally sound as possible. They should know the value that a monthly meeting has for your business and should make themselves available to meet with you to discuss your previous months’ financial performance at a minimum.

Number 2: Can we arrange for a fixed monthly fee that includes all possible costs?

Many accountants only charge their clients whenever work is to be completed or when it has already been filed with the authorities. Although this might be a great policy to abide by, it is not very forgiving on your cash flow. You might just receive an

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