Silver Birch Living’s Post

Read what our Chief Financial Officer has to say about the balance between financial efficiency and human capital; and our case study at Bay Street Group. #BayStreetGroup #Success #Teamwork

While discussions on financial transparency within family businesses may often take a back seat, its significance cannot be underestimated. Why? Because a lack of openness regarding financial matters can sow seeds of suspicion, breed distrust, and foster resentment among family members over time. Just picture the unease that may arise when certain individuals feel excluded from conversations concerning the company's financial well-being or the distribution of profits. Here are several avenues to foster transparency within your family enterprise: 1️⃣ Regular Financial Updates for All Family Members Engaged in the Business: Consider quarterly reviews of reports, budget discussions, or even monthly updates on key financial indicators. 2️⃣ Embrace an "Open-Door" Policy for Financial Inquiries: Create an environment where family members feel empowered to raise questions or concerns about the company's financial affairs. 3️⃣ Invest in Education and Training Initiatives: Recognize that not everyone has a strong background in accounting or finance. Offer training programs to improve financial literacy among family members, empowering them to make informed decisions for the business's benefit. 4️⃣ Establish Accountability Mechanisms: Implement internal controls and routine audits to mitigate errors and deter misconduct. Consider enlisting oversight from an independent board of directors or an advisory board to bolster accountability measures. At Double Iron Consulting, we specialize in providing Independent Board Director services tailored to family businesses seeking to enhance cohesion among upper management. DM me or schedule a consultation today! #financialtransparency #familybusiness

Have you thought about working with a Financial Planner? Not sure where to start? Or how it works? The important thing to know is that not all Financial Planning companies are the same, so it’s a good idea to talk to two or three and decide if they are the right fit for you. At Oakmere, our core values of collaboration, aspiration, trust, empowerment, and commitment form the foundation of everything we do. We are also incredibly proud of our team and our culture. We are dedicated to empowering everyone we work with in an inclusive and collaborative way - it’s what we call ‘The Oakmere Way’. Click the link to discover what working with us would look like for you. https://lnkd.in/dGteHYgQ #oakmerewealthmanagement #financialempowerment #wealthmanagement #lifeplanning #investmentplanning #theoakmereway

Evelyn Partners has strengthened its presence in the South of England with the appointment of Matt Dickens as financial planning director. Dickens will be an essential part of the financial planning team and work mainly from Evelyn Partners’ Bournemouth and Southampton offices. He previously spent over a decade at The Ingenious Group, a specialist investment manager. Story by Darius McQuaid below: #financialadvice #financialplanning #finance #advisers #business

SCA (Vic) Roundtable: A collaborative conversation with industry experts. Theme: Strata Management and Financial Management.   Discussion topics include: Key financial management principles specific to strata management. Strategies for maintaining the financial health of strata communities. The difference between good and great financial management in Strata Management. Effective strategies for managing debt and the implications of different debt structures. The importance of setting proactive financial goals versus reactive budgets for optimal company performance. How Owners Corporations can balance budget increases to address the cost-of-living crisis with maintaining community support, transparent communication, and comprehensive maintenance plans. Plus your questions to the panel. Panelists: Adam Bentick, Senior Relationship Manager (Macquarie Group) Ben Commerford, Managing Director (Binks & Associates Pty Ltd) John Botha, Director (Highrise Strata Management) . When Friday 20 September 2024 9:30 AM - 11:30 AM Location CitiPower Centre (Junction Oval) Lakeside Dr, St Kilda Register now Members $98 Non-Members $198 https://lnkd.in/gbEzG6PQ

SCA (Vic) Roundtable: A collaborative conversation with industry experts. Theme: Strata Management and Financial Management. Discussion topics include: Key financial management principles specific to strata management. Strategies for maintaining the financial health of strata communities. The difference between good and great financial management in Strata Management. Effective strategies for managing debt and the implications of different debt structures. The importance of setting proactive financial goals versus reactive budgets for optimal company performance. How Owners Corporations can balance budget increases to address the cost-of-living crisis with maintaining community support, transparent communication, and comprehensive maintenance plans. Plus your questions to the panel. Panelists: Adam Bentick, Senior Relationship Manager (Macquarie Group) Ben Commerford, Managing Director (Binks & Associates Pty Ltd) John Botha, Director (Highrise Strata Management) . When Friday 20 September 2024 9:30 AM - 11:30 AM Location CitiPower Centre (Junction Oval) Lakeside Dr, St Kilda Register now Members $98 Non-Members $198 https://lnkd.in/gbEzG6PQ

Financial planning isn’t something that most people do on their own. As they say – teamwork makes the dream work, and your team should be made up of several different professionals who each bring a unique set of skills to the table. But who should be part of your financial planning team? Read the full article here where we take a look at four key players: 👩💼 CPA 👨💼 Estate Attorney 👩💼 Insurance Professional 👨💼 Financial Advisor https://buff.ly/3rn04R7 #financialplanning #Annapolis

We help senior living businesses leverage their assets for improved financial performance, all while maximizing existing resources at hand. #seniorliving #seniorservices #cashflow #businessvaluation #cashisking #profitability #financialplanning #seniorcare #seniorhousing #realestate

We’re reshaping the way advisers do business.

#Financialplanning isn’t something that most people do on their own. As they say – teamwork makes the dream work, and your team should be made up of several different professionals who each bring a unique set of skills to the table. But who should be part of your financial planning team? Let’s take a look at four key players. 👩💼 CPA 👨💼 Estate Attorney 👩💼 Insurance Professional 👨💼 Financial Advisor Let’s explore further here. https://buff.ly/3rn04R7 #finances #Annapolis #TuesdayMotivation