and i still get emails from gambling companies saying, come back in. here s 100 free spins. this is about preventing the harm and preventing the exploitation of people like me who should have been asked questions about my affordability, who shouldn t have been sent free bets. it s 18 years since the last big change in gambling law. there were no smartphones back then, and many agree the law needs to catch up. there ll be an announcement soon and there s been intense lobbying on all sides. reformers are hopeful the industry will now be forced to pay a percentage of what they make, a so called statutory levy to fund education, treatment and research. reformers also want new affordability checks to make sure gamblers can afford to lose what they spend. the levels will probably be decided after a consultation. and the government is looking at tightening controls on advertising and marketing around sport. and when it comes to football sponsorship, it looks like the government isn t planni
Many business owners find the bulk of their wealth within their businesses. However, planning for a successful future often means wrangling financials outside the business too. This is especially important when markets may not be as favorable to small and mid-sized businesses as they have been in the past. Here are three things to consider to help you build value outside of your business.
1. Know your Business’ Real Value
Before you begin strategizing about the best way to build value outside your business, it’s a good idea to know what your business is actually worth. In many cases, business owners use rules of thumb, comparisons to competitors, or good ol’ fashioned wishful thinking to estimate company value. And it’s not uncommon for business owners to overestimate their company’s value.
However, using inaccurate estimates of business value can make it difficult, if not impossible, to create a strong plan to build value outside the business. After all
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A question business owners often ask about planning for a successful future is, “How do I know the plan my advisors are building is right for me?” It’s a good question, and one that we want to help answer for you today by explaining the process of planning for a successful future.
This plan is your plan
The most important thing to know about planning for a successful future is that you are in charge of determining what you want your plan to do.
This doesn’t mean that you need to come up with every element of the plan. Your advisors do the nitty-gritty work based on what you want. What it does mean is that you are in charge of the following: What you want the plan to achieve. What “success” means to you.
For example, if your goals include “Leave my business in 10 years with enough money to never have to work again while traveling the globe with my spouse,” your Advisor Team will craft strategies to