If you don’t know your out, how can you design your business to give it to you?

If you don’t know your out, how can you design your business to give it to you?

One of the main issues I see with business owners (and I did this myself) they do not view their business as an investment. Crazy right! It gives an income and has an asset value people will be happy to pay for, yet we think of it not in these terms. Probably because we work in the business so it becomes more like a job we get paid for not an investment that needs to be put under management.

Let’s change that so you get the rewards you deserve.

One of the main issues I see with business owners (and I did this myself) they do not view their business as an investment. Crazy right! It gives an income and has an asset value people will be happy to pay for, yet we think of it not in these terms. Probably because we work in the business so it becomes more like a job we get paid for not an investment that needs to be put under management. When you change your thinking to your business being an investment then you can start to make decisions around things like, what type of return do I want on this investment, each week, each month, each year? What capital appreciation do I want from this investment? What manager would be right to look after my investment? If it was property or shares these are you basic questions you would ask, wouldn’t you? So why not apply the same logic to your business? And when you do, you view, your ideas, your strategies, your structures, your objectives, your passion all change – for the better 🙂 So now lets design the end game, let’s design your business, let’s design what you want it to look like to give you the returns and capital growth and lifestyle you want.

How much do you need so you can choose to retire if you want to?

How much will you need?

The first step is to make a list off all your spending you currently do and ask what parts may decrease or increase to give you the lifestyle you want.


Suggested Items To Get You Going.

Annual Spend Rates; Electricity; Water; Gas; Vehicle Registration; Servicing; Fuel; Food; Dining Out; Holidays; Presents; New Clothes; New Car; Hobbies; Memberships and Clubs; Boats; Plane; Sport; Books; Haircuts.

This list is not complete and you can add to it your personal needs and wants and this way you will have a figure you need each week. Now with this figure you can add up your income sources e.g. rental property income etc and deduct from your annual total. What ever the annual total is left this is the figure I work on to earn from the sale price of my business. E.g. if it was $50,000 per annum, at a 5% return rate that would mean I need $1 million I then add on 30% as my buffer and taxes that I will need to pay to get my final amount. NOTE: This is not advice and you MUST consult your finance professional to work out what is right for you.

If this is for you, join our Business Club and watch the video on this post and get our When Is Enough Enough Planner. Our Business Club is run for Business Owners everywhere. Membership is just $2 which helps us cover the costs of running this project. For more information on this and many more business discussions and strategies join our Business Club on Patreon, we hope to see you there 🙂 Become a Patron!

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