You are closer to your business than anyone. But you may be too close to see the big picture. That's when having a fresh perspective can help find opportunities and put a plan in place to take advantage of them.
Questions to ask yourself
When you’re planning your next move, it’s a good idea to start early. But there’s a lot to consider. Start by asking yourself these three questions:
Am I ready to expand?
Same market, same returns? If growth has slowed, you might want to think about branching out. Sometimes the real reason your business isn’t growing as fast as you’d like is that you’ve tapped out your existing market. Is it time to innovate? Or diversify into new areas?
Should I raise more capital?
Sometimes businesses need extra support to reach the next level. Have you considered a joint venture, launching an IPO, divestment, or a share issue? What’s the best source of capital to fund your company’s growth?
Is it too early to involve my family?
The short answer is no. Showing your children how you built your successful business will ingrain respect for and understanding of money early on. And 17 of the top 100 fastest-growing businesses in the UK are owned or run by the founders’ children*.
How can wealth management help?
Very simply, we help you draw up a financial blueprint for your future, so you know you’re on track to meet your goals.
And when you choose UBS Wealth Management, you get a trusted partner who can guide your financial decisions for years to come.
Great investment advice doesn’t exist in a vacuum. Our service takes into account all your financial needs, from wealth planning to investing to banking. We call this your total wealth solution.
If you want to know more
*Fast Track's Profit Track 100 Report 2015
** Fast Track's Profit Track 100 Report 2015