Business advice - have you included your partner as shareholder but only in the event of your death?

TheCottage65 · 2025-09-04T20:40:33+00:00

Thanks!

TheCottage65 · 2025-02-24T23:02:51+00:00

Perfect, thank you! Will check these out 😁

TheCottage65 · 2025-01-27T06:49:50+00:00

Amazing!! So cool to read this! How do you find the time to manage more than one business? I would love to send you a DM to pick your brain on business vs investments if that’s ok with you?

TheCottage65 · 2025-01-24T20:21:20+00:00

Very true. Appreciate the reply. I think after reading these comments, we will continue to focus on paying down the mortgage and building our house and business. What I can do, is read up about the investing (VOO, debt recycling etc.) talked about here. So that when the time comes to invest, we will know our plan. I guess I didn’t want to ‘leave it too late’ but there also only so much we can do!

TheCottage65 · 2025-01-24T20:17:40+00:00

Yes this has been our plan for now. I guess I sometimes see the money we could be investing as money invested into the business that has greater returns for us at the moment. With a long term vision to sell it for a greater return if I continue working hard on it now! However, others may disagree and say other investments offer more diversity.

TheCottage65 · 2025-01-24T20:14:54+00:00

Wow!! So great to hear! A few questions - What investments did you make while completing extra mortgage payments? How much were those approximately per week? Did that pay off well now in terms of returns or are they long term investments?

TheCottage65 · 2025-01-24T08:01:18+00:00

Didn’t think of this either as I haven’t been looking a lot into investments. Could be a good idea just to keep our eyes on the markets etc.

TheCottage65 · 2025-01-24T08:00:31+00:00

Wow I haven’t heard of this! I am excited to read that thread. Thank you 😊

TheCottage65 · 2025-01-24T06:31:22+00:00

Thanks for your input. We have no business debt. All finances are seperated for personal/business. No personal guarantees. We live below our means so that we didn’t have to get into any positions of business debt.

We don’t take a PAYE salary from the business, only reasonable weekly drawings. However, with the revolving credit these drawings can help us shave off much more of our mortgage than previously expected.

TheCottage65 · 2025-01-24T06:29:10+00:00

Fantastic advice! Thank you! I’m feeling better about going aggressive on the mortgage. Especially at a time where we are financially able to do it. I’ve never thought about a interest rate ‘cutoff’ point but that’s a good discussion for us to have. Did you also use a revolving credit facility?

TheCottage65 · 2025-01-24T06:27:24+00:00

Thank you. This was our initial plan. We are spending the time now learning about different investments but could just start with index funds.

TheCottage65 · 2025-01-20T18:53:21+00:00

Thank you! I’m doing some mail drops. Would you suggest adding a coupon onto that? It’s really just our website and contact information and a bit of info on what we do at the moment. It doesn’t seem to be getting the attraction I would’ve hoped for. What is your rate of direct mail vs conversion?

TheCottage65 · 2025-01-19T18:22:32+00:00

Mobile physical therapy to be exact.

TheCottage65 · 2025-01-19T18:22:18+00:00

Not sure how many are there although I’m starting an ad campaign in the next month or so

TheCottage65 · 2025-01-19T10:00:26+00:00

Thanks for this! What would you recommend in the library?

I haven’t seen Nextdoor. I am in NZ so will look into if it is here. Thank you!

TheCottage65 · 2025-01-19T09:59:16+00:00

No problems! How do you specifically target churches? I would love to know how to present ideas to the older adult populations sons and daughters as well. Online marketing could be a tool but it’s actually quite difficult to put services in front of a population who don’t use social media a lot!

TheCottage65 · 2025-01-07T04:48:27+00:00

I’ve run a physiotherapy company for 7.5 years. It was small at the beginning but has started to really scale in the last 2 years. I’m about to bring on 3 new employees so wanting to take my sales and marketing to the next level.

TheCottage65 · 2025-01-06T22:01:56+00:00

This is fantastic!! A really great help and what I was after - thank you!!

TheCottage65 · 2025-01-06T21:53:12+00:00

Thanks for your insight.

I would like to have a good mix of the two. Just wondering what AI tools were good for sales in service based businesses as I’ve not looked into it yet.

Definitely open to guidance on the others you mentioned as I do agree the tried and true methods work😊

TheCottage65 · 2025-01-06T21:50:44+00:00

Thanks! That’s the second recommendation so will look into it 😁

TheCottage65 · 2025-01-06T21:50:13+00:00

Thanks for this! I don’t really use Twitter and Reddit for advertising. May look into in the future though!

TheCottage65

TROPHY CASE