The Standout personal risks for SME business owners all relate to planning for the future

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The Standout personal risks for SME business owners all relate to planning for the future

Would you be able to manage financially if your income dropped by 15% for six months? Are you free from financial stress?

These are some of the personal risks that SME business owners are managing, to some degree.

Have you taken action to make yourself financially independent? This includes having a formal plan to achieve your financial and lifestyle goals; understanding what you need in assets, or net worth, to be financially independent; and maximising your superannuation returns.

Recent research shows the standout personal risks for SME business owners all relate to planning for the future. Would you agree?

Also, If you need an accountant in Auckland – feel free to reach out.

Murray Phillips

About the Author

Murray Phillips is the founder of Insight CA and The Cash Out Catalyst. A former multinational CFO, Murray now works alongside established New Zealand business owners – bringing CFO-level thinking to businesses that have outgrown their accountant but aren’t ready for a full-time hire.