Business Financial Advising - Initial Workshop Session Overview

Transcription

1 Business Financial Advising - Initial Workshop Session Overview Time REGISTRATION Session 1. BUSINESS / PRACTICE - PROFILE o Market o Definition o Size Business / Practice o Value Drivers o Assets o Income o Transfer Value o Equity o Options 3Rs Drivers of Business / Practice Wealth o Ready o Risk o Return Industry / Profession Environment o Geography o Size of Business / Practice o Type Principal Dependant Micro SME Large Professional Family o Regulatory Influence Franchise Network Owners / Principals o % held o Controller / Gate Keeper o Advisers o Benefit Entitlements o Client Engagement Principal(s) Advisers Other influences Profile 8:30am 9:00am 9:40am

2 Session 2. MORNING TEA Session 3. Session 4. BUSINESS / PRACTICE OVERVIEW Particular Circumstances o Framework Control Asset and Liabilities Benefit and Entitlements Income Capital Combination o Financial Management Needs and Objectives Appropriate Strategy o CAB Rule o Your Practice CAB Rule o Your Practice Outline Particular Circumstances BUSINESS / PRACTICE FRAMEWORK Entities Single Entities Multiple Entities Particular Entities o Senior Executive o Family Business o Profession o Franchise o Financial Planning Practice Principal Structures and Family o At a Glance Snapshot Particular Circumstances BUSINESS / PRACTICE LIFE CYCLE Opportunities / Threats Phases and Characteristics o Start Up o Growth o Maturity 9:40am 10:20am 10:20am 10:40pm 10:40am 11:20am 11:20am 12:00pm

3 o Decline Background Other Factors o Business / Practice Life Cycle Business / Practice Phase Maturity / Transition Session 5. LUNCH Session 6. Session 7. BUSINESS / PRACTICE RISK MATRIX External Internal Assessment o Opportunities o Threats Risk Mitigation o Business Risk Barometer o Phase I to IV Characteristics and Threat Mitigation BUSINESS / PRACTICE FINANCIAL REQUIREMENTS Revenue Gross and Net Profit % of Principal Influence Cash Flow Validity Business Value o Tangible o Non Tangible Assets Assets / Liabilities Debt to Equity Ratio Finance Facilities Non Cash Expenses Other o Business / Practice Report Writer o Business / Practice Liability Funding Checklist Initial Ongoing o Expense Analysis BUSINESS / PRACTICE FINANCIAL FUNDAMENTALS o Purpose o International Accounting Standards o Jargon 12:00pm 12:40pm 12:40pm 1:40pm 1:40pm 2:20pm 2:20pm 3:00pm

4 Session 8. AFTERNOON TEA Session 9. o Timing o Financial Department o Record Keeping Understanding Financial Statements o Balance Sheet o Assets / Liabilities o Income Statement o Cash Flow Statement Finance o Debt o Equity o Obtaining accurate Financial Statements o Substantiating Liability Funding Requirements o Timing BUSINESS / PRACTICE PRINCIPAL S WEALTH EXTRACTION Principal s Need and Objectives o Income and Capital Needs o Principal Personal Requirements o Business / Practice as a % of Total Assets o Expenses Profile of Business / Practice Decision Makers Timing Planning Personal Financial Planning Requirements o Wealth Extraction and Timing o Wealth Preservation and Asset Protection o Estate Planning o Estate Business Wealth Transfer Planning o Business Overview o Report Writing Facility o Meeting Schedule BUSINESS / PRACTICE NEEDS AND OBJECTIVES Business Growth Planning o Equity Funding o Debt Funding Business Continuation and Preservation Funding o Debt Reduction o Revenue Replacement o Executive Retention and Rewards 3:00pm 3:40pm 3:40pm 3:50pm 3:50pm 4:30pm

5 o Asset Protection Business Succession Planning o Events Retirement, Illness and Death o Strategy Keep, Sell, Liquidate o Business / Practice Overview o Issues to Consider o Business / Principals Financial Planning Requirements o Action Requirements o Report Writing Facility o Specific Strategy o Document Requirements Schedule Session 10. BUSINESS / PRACTICE ADVISING / DEVELOPMENT MARKETING Advising / Development Marketing o 7 Point Business Review Checklist o Clients o Referrals o Client Workshops Review and Reengagement o Marketing Checklist o Review and Reengagement Checklist 4:30pm 5:10pm