Astrape Finance Inc.

06/04/2022

Join The Family Business Movement

21/03/2022

Test you Readiness to Do Business and more...

Linktree. Make your link do more.

26/11/2021

Astrape Finance sets small business owners on a path of sound financial planning and management to stabilise, then grow their businesses.

25/11/2021

12/09/2021

CSEC Principles of Accounts: $30 per session
CAPE Accounting: $35 per session
Online individual and group tuition available
Click the following link to register: https://docs.google.com/forms/d/1sBWhdNy105vHuV8zgS8mDzX3RwKob8l8CWlikhmGwTM/prefill

30/04/2021

22/03/2021

Melinda makes accounting simple to understand.

To get them ahead and prepped for their exams and future career, hire a tutor with 16 years experience in the accounting field.

Call or WhatsApp Melinda 1-246-848-5441 for further details.

(All prices stated in Barbadian Dollars)

16/02/2021

Refining our business processes to ensure our companies are built to last from generation to generation, will take time.

Whether you're a small or medium sized business, you're probably desiring to build a multi-generational business.

Succession plans are strategies implemented to aid in a smooth and systematic transfer of leadership to the next CEO, leadership teams or new posts; for example.

I would recommend that part of any business' succession plan include a financial plan (or system) to guarantee the financial success of the company operating in future generations.

Key components to look at could be:

1. An accounting system: Having financial reports available at your finger tips as a business owner, would help you greatly in making well informed decisions for your company. Future generations could analyse your company's past performance in order to charter their way forward financially. Having this system in place would place less of a headache on future generations to run the business.

2. Business reserves: We don't plan for them, but financial crises will pop up from time to time. I know we are all experiencing some challenges in this present pandemic. Some of us might have been well prepared and some of us might not have been prepared. However, I believe that one lesson we could all take away from this experience is that when things have blown over, we are going to build up our savings, so our companies could continue to run, even in a pandemic. Business reserves could also be set up for future investment opportunities. The future generation deserves to have a leg up in this regard.

3. Personal financial planning: The financial well being of your team does matter. Especially if your business is a family business, having a group pension plan in place for example, could assist them greatly actioning their personal financial plans, in particular for those who are long standing members of your team. When they finally complete their time with you, it would be good for them to have something tangible to leave with.

If you're ready to get your business' finances in order to guarantee the longevity of your company, consider setting up a complimentary call by contacting me:

1. Via telephone: 1-246-848-5441
2. Via email: [email protected]
3. Via the link: https://linktr.ee/moneymattersacademy