business advice
BUSINESS WOMEN SCOTLAND 25
Financial expert
Linda Gilbert offers
her advice...
Linda Gilbert is a Chartered Financial Planner
and Director of Munro Partnership
Email Linda with your financial queries
e: [email protected]
Think of savings as part of your business plan
and include pension savings in expenditure
projections. Save what you can feasibly afford to
without the savings being too detrimental to your
business or lifestyle.
Think of savings as a positive action, not a chore.
Think of it as a means of providing a quality of life you
may not be able to afford at a later date, if you hadn’t
tucked the money away in earlier years. Relying on
your business or business assets to be in a fit and
ready state to sell, or to have the luxury of a willing
buyer at the time when you wish to retire, can be a
risky strategy. Also more often than not, particularly
with small business owners, they themselves are the
business, therefore there could be nothing to sell at
the end of the day.
Likewise many business owners do not have an
appropriate exit strategy in place and may need to
continue working far longer than planned or indeed
health may dictate otherwise.