Value: company balance sheet v personal balance sheet - Adrian Murphy
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Speaker Adrian Murphy Adrian will look to talk about the benefit of wealth extraction throughout the life of your business, the value of branding and, ultimately, your exit value. Are your personal and business objectives aligned in a way that relates to your exit strategy?
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Value: company balance sheet v personal balance sheet - Adrian Murphy
- 2. Value: Are you looking after your personal balance sheet?
- 3. Advising individuals and businesses to drive value
- 4. How do you create value?
- 5. Is the business your pension plan?
- 7. “In this world, nothing can be said to be certain except Death and Taxes” Benjamin Franklin
- 8. What’s your plan? Do you know your number?
- 9. Be honest with the life you want
- 10. Don’t let your business be your pension
- 11. Be open to alternative ways to extract value from your business
- 12. What’s my number? What does it ACTUALLY mean?
- 13. Thanks team@murphywealth.co.uk 0141 221 5353 8th Floor, 149 St Vincent Street Glasgow G2 5NW
Notas del editor
- Murphy Wealth looks after the individual’s financial needs and delivers on your personal objectives Murphy Advisory looks after the individual’s business to unlock its potential All geared around driving value whether that is to you as an individual or as business owner/manager
- How do you create value through the life of your business and how do you extract the maximum value when you exit the business? Some common misconceptions are….
- Single asset class investment is risky look to have amore balanced portfolio The business is flying now but that won’t always be the case – you need a fall back position Can’t necessarily access the value at the point you need it If you leave money in the business it becomes part of your cash flow which isn’t necessarily the most efficient way to use that asset Introduce ed….
- Aged 45 plus and is almost exclusively male (80:20). Married – could likely be divorced and now re-married. Two children of primary/secondary school age. High end cars like Range Rover Sport, BMW X5, Mercedes SLK, Porsche etc. Will take four family holidays a year – Winter skiing trip and a few Summer trips to Dubai, Spain (possibly Florida) where they will likely have a second property. Highly social, they will likely be heavy drinkers as a result and will frequently attending sporting events like Rugby internationals and football games. They will be challenging, high maintenance, demanding and difficult to pin down. Typically self-made, they maybe supporting other family members. Likely to live in the more affluent areas of Glasgow – Newton Mains etc. MD / CEO / partner / founder of SME businesses. They live to work and rarely ”switch off”. They will be driven (even aggressive) A mixture of University educated and non-University educated. High attitude (aggressive) to risk. Salary of £150k plus and will have a random selection of pensions, shares, ISAs , multiple business holdings, and the odd buy-to-let property.
- But there are reliefs available If you’re doing well / Make profit you pay tax Is the excess money on the business being used efficiently to generate a return? Diversify your income as well as your assets. Multiple income stream reduces risk so why put all your eggs in one basket What do you need to do to maximise the value you create
- What’s your magic number? What do you need to live the life you want when you retire What's the real value of that number is? Selling your business for / you need for your retirement – why? When do you want to retire Do you have a plan to deliver it You need to think about it today and not when you want to sell
- Probably the most important thing to consider at this stage, is the life you want to lead. Frequently this is where planning goes wrong as your future gets based on the lowest amount of capital and income you can live on. It’s obviously important to have income to cover life’s essentials, but is the minimum level of income really going to provide you with the life you want? You worked hard for a long period of time, so isn’t it time to think about enjoying yourself more? So, be honest with the life you want as there’s a chance it might just be available to you.