SJP Advice for businesses

What makes a business successful often lies in the knowledge, experience and skill sets of the key people in the company.

They steer the business in the right direction, make the tough decisions and ultimately drive the profitability of the company. Taking a degree of risk is an inevitable part of creating a successful business. However, there are some risks which can be planned for in order to reduce or eliminate entirely.

Financial planning for entrepreneurs in Singapore

Entrepreneurs and business owners often find themselves juggling personal financial wellbeing with the demands of their growing businesses. Rather than viewing them separately, you can instead integrate the two in a holistic approach in your financial planning to ensure a solid foundation for long-term growth.

Comprehensive financial planning services

Cash flow and liquidity management

Many promising businesses stumble not because of a lack of profitability but due to poor cash flow management. Without a clear understanding of your incoming and outgoing funds, even a profitable business can face unexpected challenges. A firm grasp of your cash flow lets you confidently maintain day-to-day operations and seize growth opportunities that align with your financial reality.

Effective cash flow and liquidity management empower you to navigate your business with greater confidence. You'll be better equipped to manage daily operations, meet financial obligations, and strategically plan for future expansion.

Budgeting and Forecasting

Strategic resource allocation can be the difference between a thriving business and one that struggles to stay afloat. A robust and accurate financial forecast provides the visibility you need to allocate funds effectively, helping you secure smoother operational planning and informed decision-making.

A clear budget and accurate forecasts will provide the clarity you need to confidently scale your operations, adapt to changing market conditions, and make informed decisions about the future direction of your business.

Risk management and insurance planning

Business liabilities, economic downturns, potential exposure of personal assets—there is a lot riding on your business. Unbiased risk management provides valuable insights into potential vulnerabilities that could impact your financial wellbeing.

With a comprehensive risk management and insurance plan in place, you can navigate the entrepreneurial journey with greater peace of mind. You'll have the confidence that your business and personal finances are protected from unforeseen events, allowing you to focus on growth and innovation.

Tax planning strategies

Business sustainability often hinges on the ability to reinvest profits and fuel future growth. Effective tax planning can help you reduce your tax liabilities, freeing up valuable resources to invest back into your business.

Strategic tax planning can significantly enhance your cash flow, providing you with more resources to invest in your business, pursue new opportunities, and achieve your long-term objectives.

Retirement and succession planning

For many entrepreneurs in Singapore, their business is their lifeblood, and continued success is intrinsically linked to their personal financial wellbeing. Planning for retirement and eventual succession is crucial for securing your long-term financial security and the legacy of your business.

Through our business consulting services for retirement planning, you can focus on the present while building a lasting legacy for the future.

Investment management

Effective investment management is essential for maximising returns and minimising risks, both personally and for your business. Our financial advisers help entrepreneurs navigate the complexities of the investment landscape, helping them ensure the financial strategy aligns with their overall goals and ambitions.

Key things to consider

Key things to consider-1
Get in touch

How much would it cost to replace the required expertise, experience and technical know-how of a key individual in the company?

Get in touch
Key things to consider-2
Talk to us

Are there any existing business loans or credit facilities which are due to be paid? If yes, how would this payment affect the company’s overall profitability?

Talk to us
Key things to consider-3
Download here

Complete protection for your loved ones, download the brochure here.

Download here

Why St. James’s Place?
 

Award winning wealth management
Award winning wealth management

We’re a wealth management business that puts long term-term relationships and advice that clients trust at the heart of everything we do. Since we started trading in 1992, we’ve grown rapidly to be the largest company in our sector in the UK, with £190.2bn* of client funds under management.

*Data correct as at 31 December 2024.

Our guarantee
Our guarantee

St. James’s Place guarantees the suitability of the advice given by members of the St. James’s Place Partnership when recommending any of the wealth management products and services available from companies in the group.

Our clients
Our clients

Our clients consist of individuals, families and business owners spanning all age ranges and across the affluent and high-net-worth markets in the UK and Asia.

Secure your next chapter

As a business owner, you know you don’t leave success to chance. 

We provide the proactive expertise you need to align your business and personal finances. Through our advisers, you'll have access to our specialist network, covering every aspect of your financial needs with a single point of contact.

Contact us today