When it comes to business establishment, Collective Financial Partners has plenty of runs on the board
Over the years we’ve launched and grown several businesses that have developed and matured into the successful collective we are today. We’ve also stood alongside many clients who have taken an idea or a passion and created a profitable enterprise.
But that’s not to say business establishment is an easy path to making money. There’s a lot to consider. So, it makes sense to reach out for guidance from an experienced team with a lived experience of launching businesses.
Around 20 per cent of businesses fail in their first year and around 60 per cent will go bust within their first three years. According to a study by the University of Technology, Sydney, commonly cited reasons for business failure are, in order of frequency:
Collective Financial Partners are your trusted advisors here to ensure that from the outset, your business is set up for success. We work beside you to develop the right structure for your business and provide the financial and management structures to avoid becoming a failure statistic.
We have the experience and know-how to give your business the best possible start.
When you engage Collective Financial Partners to help with the business establishment you can be confident all bases will be covered.
We will help you establish the right structure for your business, develop your business plan, complete a risk management strategy, take care of your business and taxation registrations, establish budgets, help you understand financing options, and establish invoicing and payment systems.
We will set up an appropriate record-keeping system, help you understand obligations to any employees you may bring into the business, and most importantly, be on hand to answer any questions you have about any aspect of business establishment.
Lastly, we’ll connect you with business insurance professionals to implement appropriate policies for your new business.
To start the ball rolling on your business launch, contact our team.
Collective Financial Partners is a Hunter-based financial advice business managed by a team with over 80 years combined experience in financial services.
This information has been provided as general advice. We have not considered your financial circumstances, needs or objectives. You should consider the appropriateness of the advice. You should obtain and consider the relevant Product Disclosure Statement (PDS) and seek the assistance of an authorised financial adviser before making any decision regarding any products or strategies mentioned in this communication.
Collective Financial Advice Pty Ltd ATF Lake Macquarie Group Trust ABN 14 710 648 652
Corporate Authorised Representative No. 1286336
Alliance Wealth Pty Ltd | ABN 93 161 647 007 | AFSL 449221
Copyright 2021 Collective Financial Partners
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