31 minutes | Feb 23rd 2021

Understanding Key Person Risk in Your Business

Every business has risks. Identifying the cost to your business from losing one of your key people is the first step in protecting your business from loss. Jim Mills from Merit Wealth identifies the major risks to your business from losing a key person. How do you identify the impact? How do you create a plan to financially protect your business from the loss resulting from death, disablement or trauma?Explore these issues around risk management and learn how you can protect your business.Jim Mills is the Principle Advisor and Managing Director of Merit Planning Hills Pty Ltd, established in 2008. The Merit Planning team are financial strategy and wealth advisors, with a focus on working with small to medium business owners. They are passionate about ensuring Australian business owners see the benefit of their hard work in the form of significant personal wealth accumulation. In this ever changing economic and legislative landscape it is important to have a partner with a focus on active strategies that align with your strategic goals - both from a business and personal perspective.Jim is well known across the financial service industry with over 25 years experience, previously holding executive positions in large financial institutions. He is backed by a team of qualified advisors and outstanding service personnel focused on seeing Australian businesses thrive. Jim holds a Bachelor of Business, Diploma of Financial Planning - RG146, Stock Broking, Estate Planning, SMSF specialist & Tax Financial Planning qualified.http://www.thebusinessbehindyourbusiness.com/https://www.meritfp.com.au/https://pretiumsolutions.com.au/Connect with us on our socials:Facebook     LinkedIn     Twitter     Instagram
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