PRATT Partners | Tax & Advisory’s Post

With end of financial year approaching, could succession or transition to a new business model be on your mind? #strategicsoundboard #executiverealitycoach In case you missed this article, lots of tips and insights from first-hand experiences. Enjoy the read on a cold winter's night in Melbourne AUSTRALIA https://lnkd.in/gQrXeNhn #businessmodel challenge the insanity of your norm before it's too late!

If you’re an advisor in the plateau phase of your organization's growth, Nate Lenz has some insights for you in Financial Planning on how to break through and get back to growing your business. Check it out. https://lnkd.in/eDd6Mx52

💡As we approach the new financial year, it's essential to reflect on the challenges and opportunities that have shaped the business landscape over the past 12 months. Undoubtedly, the market has exhibited considerable instability, posing unique challenges for businesses. Looking ahead, it's crucial to ensure that your business receives the support it truly deserves. In today's dynamic environment, loyalty alone may not suffice. It's imperative to engage in discussions with potential partners and service providers to explore the additional value they can bring to your business, whether through support, advice, or financial assistance. Don't shy away from change. Many of my clients have been loyal to other agencies for years, only to realise that they weren't receiving the best possible service or value. Dependence on tenure should not overshadow the importance of receiving top-notch support and guidance for your business's growth and success. As you navigate the new financial year, never settle for anything less than what your business deserves. Seek out partners who are committed to your success and are willing to go the extra mile to support your goals. Should you wish to discuss further or explore how we can assist you in the upcoming financial year, please don't hesitate to reach out.

Do you know how fast you can grow without running into financial problems? Understanding your sustainable growth rate is key to making sure you do not grow broke. Check out our blog for more info.

https://lnkd.in/e9xg6ysq A good article on the challenges with family businesses.

Planning to exit your family business? Consider these 5 critical questions. 1. Who will lead the business next? 2. Am I financially ready to exit my business? 3. What is my business worth? 4. What are the tax implications of passing down my business? 5. How should I communicate my plan with my family? Our latest blog post explores 5 key questions business owners should consider early in the succession planning process to navigate this complex process, manage risk, and avoid conflicts or confusion among family members and other stakeholders. https://lnkd.in/gqX85ANZ #BusinessOwners #FamilyBusiness #SuccessionPlanning #ExitPlanning #CEPA

This article from Financial Advisor magazine yesterday highlights the delicate balance in the options, decisions, and paths available to business owners in transitioning their business. https://lnkd.in/gwCNAKUG

Are you a business owner striving for efficient, long-term quality growth? In our recent blog post, we take a look at the importance of factors such as staff retention, innovation and how to make your business look attractive to clients and investors. You can find more information now: https://www.rfr.bz/lno1ptw #SevenHillsWealthManagement #FinancialPlanning #BusinessPlanning

Financial resilience is key in today's everchanging market. Learn the importance of maintaining updated cash flow forecasts and securing your business's financial future in our guide to help businesses to navigate the future: #businessadvice #businessstrategy

A recent financial advice market update has identified three factors that are holding businesses back from achieving their full potential, while a business consultant has shared where she commonly sees firms come unstuck. https://lnkd.in/gh4wAz-D