Jim

Manufacturer | Targa Tasmania = Wealth activated

A conversation we often have with successful business owners is about what they hope for next. Building a business from the ground up has been their main focus, but now it’s time to start thinking about living more and working less.

For Jim, thinking about life away from his factory wasn’t easy. He still loves the business and the people who’ve helped him build it. But through many conversations, we’ve been able to give him practical advice on how he can maintain a stake in the business as owner, as well as planning for the travel that he and his wife have always wanted to do.

Jim’s journey has seen him purchase the factory he operates from in his Self-Managed Super Fund, as well as three adjoining factories within the family trust. He has a passion for classic cars and wants to weigh up his options for keeping the business and extracting cash to buy more assets. Simultaneously, he wants to bring in someone to help run the business so he can take more time away or sell outright to highest bidder in five years.

Our conversations have helped Jim to understand the commitment he needs to make to get to the point he wants it to be. With 65 approaching he wants a good 10 years of travelling and living overseas during the winter. He’s taken the first step already, racing in the Targa Tasmania rally – a long-held dream.