“Consider your situation
I own and operate a medium-sized online manufacturing business along with one business partner. While my partner takes care of marketing, I provide the professional knowledge of the products we sell. Without my expertise, the business would soon fold.
My wife and I have two children and, after purchasing our family home last year, I knew we had reached a point where we needed to protect our family in the event that something should happen to me, and ultimately the business.
At first, I thought that insurance and estate planning were optional and I was looking for someone to talk to. I was referred to Dobbrick Financial Services by a friend and have been very happy with their service. They were happy to discuss alternatives and to offer suggestions regarding our situation.
Plan for the worst
After my first meeting with Ryan, I was certain that we needed a business succession plan as soon as possible. The way my business is set up and runs, if I were to become permanently incapacitated or if I were to pass away, it would be a very stressful situation for both my business partner and my family. It would necessarily result in a fire sale-type arrangement, which would also be very costly for all involved. There is no possibility that my business would have survived if something were to happen to me, and I hate to think where that would leave my family.
Implementing the business succession plan was easy. After a few face-to-face meetings, all of the work was handled by DFS.
Find someone you can trust
If you are a business owner, you should consider business succession planning, or at least talk to someone about your options. I would definitely refer DFS to family and friends to guide them through this process”
Online manufacturer – Brisbane, Queensland