136 – Unlocking Opportunities: Navigating Business in Uncertain Times
April 23, 2024
There’s so much uncertainty in the world and it can feel hard to confidently lead your small business when the path ahead is unclear.
Today we’re joined by Jim Mills, the managing director of Merit Planning Hills, to look at some strategies to help guide businesses during difficult times.
Jim looks at some of the factors that affect businesses, including:
- Economic fluctuations
- Interest rates
- Government policies
- Global events
We uncover strategies that businesses can use at any point to offer greater clarity and increase chances of success, including:
- Regular collaboration between business owners and their trusted advisers, like financial planners and accountants
- Focus on maximising wealth accumulation and tax efficiency
- Attention to superannuation contributions and investment diversification
Jim also reminds business owners to think outside of the day-to-day success of their business and look at accumulating personal wealth throughout their time of running a business. This is key to enjoying the fruits of your labour during retirement.
Jim Mills is the Principle Advisor and Managing Director of Merit Planning Hills Pty Ltd, established in 2008. The Merit Planning team are financial strategy and wealth advisors, with a focus on working with small to medium business owners. They are passionate about ensuring Australian business owners see the benefit of their hard work in the form of significant personal wealth accumulation. In this ever changing economic and legislative landscape it is important to have a partner with a focus on active strategies that align with your strategic goals – both from a business and personal perspective.
Jim is well known across the financial service industry with over 29 years experience, previously holding executive positions in large financial institutions. He is backed by a team of qualified advisors and outstanding service personnel focussed on seeing
Australian businesses thrive. Jim holds a Bachelor of Business, Diploma of Financial Planning – RG146, Stock Broking, Estate Planning, SMSF specialist & Tax Financial Planning qualified.
Jim’s LinkedIn
