Did you know that 80% of businesses fail in their first 5 years? Can recession, political turbulence, or even the global pandemic be solely blamed? The answer is no, they cannot. Instead, this demise can be attributed to various financial risks that business owners neglect to address.
Most people establish their own businesses to achieve freedom, pursue a passion or to receive the income they feel they deserve, but how many achieve that success? Why do such a large percentage of business owners shirk away from their finances, when understanding and conquering these risks is fundamental to their future? And can you imagine the personal impact that could have on you?
As humans, we have an instinctive urge to hide from the unknown; however, as business owners, the unknown is thrust upon us every day! Running your own company brings with it an abundance of complex obstacles that you are expected to understand; however, you often receive very little support to enable you to successfully do this, especially with regards to your money, which is such a fundamental part of business.
When it comes to the financial side of your business, hiding from your problems could lead to its demise, whether that is you not realising the true worth of your efforts, or you having to work longer and harder than you should. So, what should you be considering?
Chartered Financial Planner, Charlie Reading of Efficient Portfolio, and Chartered Accountant, Wayne Searle of ESP Business Solutions, have joined forces to bring you the ‘Building a Better Business Webinar’: A free, interactive talk that will give you the crucial steps all business owners need to take to achieve clarity, confidence and certainty over their finances.