Doing business?

Financial planning services are provided by Bendigo Financial Planning LimitedDoing Business

There are over 800,000 businesses in Australia, and at Bendigo Bank we recognise that no two businesses are exactly the same.

Regardless of whether your business is big or small, just starting out or already up and running, there is always room to improve efficiency, minimise risk and provide employee benefits.

Your local Bendigo Financial Planner recognises that like most business operators, you're likely to be very busy. So they'll seek to develop and implement a financial plan designed to provide financial security and help you achieve your business goals.

How can we help you?

Investment management: We can work with you to maximise your investment opportunities.
Debt and cash-flow management:  We'll help you explore different approaches and strategies to find the right balance.
Superannuation: We'll help you navigate your way through the minefield of information and options to find the right solution for you and your staff.
Tax management: Your Bendigo Financial Planner can work in partnership with you and your accountant on tax-effective investment strategies.
Income, asset and key person insurance: We'll provide advice on the best way to protect you and your business should you become injured or ill.
Business succession planning: We can help you arrange your business plans to make sure the next stage of your business' journey is securely in place.
Wills and estate planning: Often avoided until it's too late, let your Bendigo Financial Planner assist with the finer details.

Let a Bendigo Financial Planner help you achieve exactly what you need.

Think long term

Financial planning is not just about retirement. A business financial plan should also address various risks and make provision for handling situations that may occur when you least expect it.

Too often, a business financial plan is regarded as a nice to have, rather than a must have.

If you're like most small business owners, your business is your financial future. Any spare money is probably reinvested in the business with a view to it funding your retirement. Naturally there are inherent risks involved with this – not least of which is an assumption that the business is able to be sold and that the market will be buoyant when you do.

When you develop a financial plan for your business, it's important to ensure your assets are protected. It should also be seen as an opportunity for business partners to agree on the work/ reward balance and any buy/sell arrangements.

If it's well planned and implemented, your business financial plan should provide the foundations for business continuity, and tie-in with your personal financial plan. It should also be a collaborative exercise, involving you, your planner, your business banker and accountant.

  • Your business banker should determine the appropriate day-to-day financial tools
  • Your Bendigo Financial Planner will look at the future and consider what you are going to need
  • And your accountant should look at past financials to ensure you're paying only the tax you need to. The key to successful planning is to plan early. You should also make the time to regularly review your plan to ensure it continues to meet your objectives and any changing circumstances

Make an appointment with a Bendigo Financial Planner.

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