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As a professional financial adviser, I’m often asked “what do I need to take into account when selling my small business?” Selling a small business can be a complex process, but with careful planning and execution, you can maximize your chances of success.
As a professional financial planner I spend my days talking with adults about their investments, spending habits and savings plans. As a dad, something that I try to do (and often don’t succeed) is to teach my kids about money. A recent example was that I actually had cash in my wallet (you remember those plasticky things that have a 5, 10, 20, 50 or 100 on them??) and used it to pay at a supermarket. As the change came out of the self-serve machine, Miss 6’s eyes opened wide and was like “what is that?” …………. Uh ohhhh, I’ve not done my job too well in that department!! She thought that all our money was “in your phone dad”!
Do you ever have times in life where your stomach ‘knots’ and you really can’t understand why? I know I do!! In those situations, I find myself ‘processing’ the feelings/emotions with someone to work through and understand what’s going on. I often see this with clients, particularly those who are looking at retirement. It’s an anxiety/concern/uncertainty that has probably never surfaced before, as most of us only retire once.
The 1970’s were known for flared pants, safari suits, big hair, vinyl records, disco and stagflation. As a child in the 70’s I can remember most of those things I’ve just listed, except stagflation. But then again, all I really wanted to do was ride my bike faster than my mates, play test cricket for Australia and stay out of trouble at school. The economy to me back then was the bit of pocket money I would get for a few jobs around home.
Financial Planning Week is an opportunity each year for the community to understand a little more about what a professional financial planner does, and what benefits they can provide. Here at Goldsborough, we have a 30-year history of providing quality advice, service and support to many thousands of clients over that journey. Many have been clients for well over 10 years for some of the reasons that recent research(1) conducted by the Financial Planning Association confirmed.

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As a professional financial adviser, I’m often asked “what do I need to take into account when selling my small business?” Selling a small business can be a complex process, but with careful planning and execution, you can maximize your chances of success.
Humans are naturally overconfident. We overestimate our own ability compared to others. One of the most often quoted studies showed that 93% of drivers rated themselves better than the median. We also know that men usually rate themselves as better drivers than women. However, the data shows the opposite. Men are four times more likely to be involved in a fatal car accident. Men also pay more for car insurance.