CASE STUDY: BUSINESS OWNER

Geoff loves his business nearly as much as he loves his family, in fact his wife Sue sometimes thinks it is even more. It’s not just the succeeding he says, but the striving for success that makes it so rewarding.

Like many business owners Geoff had not really considered life after business till he heard us speak at one of out small business events. Whilst he made sure that his family never went without, any surplus cash the business generated was ploughed back in the hope that the business would continue to grow.  He had made no real contributions to super for himself for years, and was only paying himself enough to keep the family afloat – just.

We began by examining Geoff’s business cash flows, and observed that there were a number of areas impacting on the day to day cash flow, including collections and stock control. We also made some recommendations in connection with pricing which will have long term impacts on the ability of the business to fund the personal needs of Geoff and his family. Encouraging Geoff to increase his prices was one of the more robust conversations we have had with a client!

The most important part of our work here was recommending that Geoff pay himself appropriately, including setting aside money into superannuation. As Geoff had a long term goal to purchase business premises, we encouraged him to maximise his contributions to the extent allowed by his cashflow, and worked on projections which would allow him to accumulate sufficient funds to use some of his superannuation money to achieve this in five years time.

WHAT HAPPENS WHEN YOU WORK WITH INNOVUS

INITIAL ENQUIRY

Send us an email and one of our team will be in touch to introduce ourselves and to find out how we can best help you.

LEARN MORE

GETTING TO
KNOW YOU

Let’s sit down and have a coffee and talk about what you want to achieve and how we can help.

LEARN MORE

FILLING THE GAPS

Time to get serious and collect some hard data so we can get to work

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IT'S SHOWTIME!

Now it’s time to show you what we have done and to explain how our recommendations will work for you

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WELCOME TO
THE FAMILY

Now that’s a wrap! You are officially part of the Innovus family. We need to decide on ongoing services, so the party ain’t over yet!

LEARN MORE

 

LEARN MORE ABOUT YOUR MONEY

Paul is your personal advisor and wants to share some of his insights after 40 years in financial planning with you.
Read some of our thoughts on finance, business and personal growth here.

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WHAT HAPPENS WHEN YOU WORK WITH INNOVUS

INITIAL ENQUIRY

Send us an email and one of our team will be in touch to introduce ourselves and to find out how we can best help you.

GETTING TO
KNOW YOU

Let’s sit down and have a coffee and talk about what you want to achieve and how we can help.

FILLING THE GAPS

Time to get serious and collect some hard data so we can get to work

IT'S SHOWTIME!

Now it’s time to show you what we have done and to explain how our recommendations will work for you

WELCOME TO
THE FAMILY

Now that’s a wrap! You are officially part of the Innovus family. We need to decide on ongoing services, so the party ain’t over yet!