Growing your business

 

Challenges

  • maintaining market share
  • internal processes and procedures
  • growing the business
  • attracting and retaining employees
  • shareholder issues

 

Risks affecting the family and business

  • death or disability of owner or shareholder
  • loss of key personel due to death, accident or illness 
  • changes to the economic environment
  • transition of ownership to family or internal management
  • insufficent funding of retirement

 

Solutions to consider:

  • Term life insurance
  • Whole Life (Permanent) Insurance
  • Long Term Care Insurance
  • Critical Illness Insurance
  • Key person insurance
  • Individual pension plans, RRSP, Tax-free savings accounts

 

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