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Posted by GTC Financial on 28.05.2024

Do your kids really want to take over your business?

Generational succession - handing your business across to your kids or family - sounds simple enough but, many families end up in a dispute right at the point when the parents, business, and children are most vulnerable. It’s important that generational succession is managed as closely and diligently as if you were selling your business to a stranger to avoid misunderstandings and disputes.

If you are looking to hand your business to your children or relatives, there are a few key issues to think about:

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Topics: Business Planning, Succession

Posted by GTC Financial on 23.04.2024

10 Strategies to Boost a Business's Cash Flow

We sometimes see businesses which are healthy, growing, reputable, and stable… but their cash resources are limited. And that’s an impediment to operations running smoothly and ensuring long-term success.

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Topics: Business Improvement, Business Planning, Cash Flow

Posted by GTC Financial on 8.03.2024

Best Practices in Tax Planning for Business Leaders

Here are some guidelines to help business leaders manage their tax affairs in conjunction with their Accountants. Effective tax planning helps minimise tax liability, ensure compliance, and improve cash flow. 

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Topics: Business Planning, Tax Planning

Posted by GTC Financial on 23.01.2024

5 Ways to Get the Most from Goal-Setting (and Goal Achievement)

Most leaders acknowledge the value of setting goals and measuring their progress. But many of those same leaders complain of not setting the ‘right’ goals OR say they have trouble achieving the goals. 

Here are 5 methods to help you make goal setting (and goal achievement) a more productive exercise.

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Topics: Business Improvement, Business Planning

Posted by GTC Financial on 10.10.2023

Succession: What does it take to hand your business to the next generation?

What is the end game for your business? Succession is not just a topic for a TV series or billionaire families, it’s about successfully transitioning your business and maximising its capital value for you, the owners.

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Topics: Estate Planning, Business Planning, Succession

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