Build your financial security with OBT Financial Group – Lockyer Valley’s Business of the Year 2015 and specialist financial advisers to individuals, business owners and farming families on accounting, tax, business advice and wealth planning for over 30 years.
Staff and succession case study: manufacturing business Background We recently advised a manufacturing business planning to reward employees with bonuses and successors with shares in the business. The four directors believed their business to be an employer of choice and had been discussing employee bonuses and… Read More >>
CASE STUDY Business value gap – live cheap or die young?
We advised a client “David” (53), owner/operator of a successful business providing professional services to the building and construction industry. David had started thinking about retiring and believed all it would take is not getting out of bed to go to work. Until he spoke… Read More >>
Can you afford to sell your business?
A ‘Business Value Gap’ is the difference between the value of your business today and what you need it to be at time of sale. A shortfall can have a significant impact on your retirement plans and may force you to reassess your desired standard… Read More >>
Succession and retirement planning: how much is enough?
Consider the following: Only 1 in 15 (7%) retirees live on an annual income of $70,000 or more. Almost one million people have returned to work since retiring. Four in ten retirees maintain that you need the same or a higher amount of income in… Read More >>
Back to basics natural approach for future business sale strategy
Back to basics natural approach for future business sale strategy. Just as Anita Lyne makes it her business to nourish Gatton, Queensland with good food and wellbeing, so does OBT Financial Group make it theirs to ensure Anita’s business has all the right ingredients to run well.
Business process giving you the run around?
A business that runs on systems and processes, therefore reducing owner reliance, is intrinsically more valuable than one that places a significant operational reliance on owners. The pace at which technology is developing can be daunting, yet few properly understand the leverage it offers.
Really looking hard at your cost structure?
As boring as it may sound, your ability to analyse and control cost structures as a business owner will prove to be a valuable resource when preparing your business for sale. By analysing the cost of providing a service or producing a product enables you to identify under-performing… Read More >>
4 key questions about competition
Understanding what your customers want and reacting to their needs quicker than your competitors can give you a crucial advantage in a tough market. To be competitive, you must ensure the main focus of your business is on your customers:
10 things that will affect your future #3
Business Succession and Your Customers A key concern that is sometimes overlooked when considering succession is the impact that the change in ownership will have on customers. Addressing the concerns of your customers is critical to ensure that they are confident with the new business owner/s.
10 things that will affect your future #2
Life Balance “While you were working, your children grew up and moved out”. To ensure that this comical phrase doesn’t apply to you, the importance of a “Work Life Balance” is vital. It is also an issue that will become increasingly important to “Gen Y” employees seeking… Read More >>
