Financial Planning for SME Businesses
Specialized Financial Planning for Family-Owned Businesses
SMEs and Family-owned businesses are the backbone of Singapore's economy. This module equips learners with proficiency to effectively identify and address challenges faced by Family-owned businesses and provide bespoke financial solutions to address them.
Module Focus:
Operational risk management, creditor and debtor protection, business continuity planning, employee benefits and talent retention planning, succession planning and successor protection, exit planning for family-owned businesses.
GCE 'A' Level (2 'A's and 2 'O's) or Diploma + 3 years relevant working experience
📜 Part of Certification: This is a core module of the SCFP-HNWI certification program.
The Challenge
Owners of family-owned businesses face unique financial challenges requiring specialized planning strategies. Most advisors lack the corporate accounting knowledge and financial analysis frameworks needed to serve business-owning clients effectively.
The Solution
Apply corporate accounting principles and apply frameworks to facilitate analysis and needs quantification and structure suitable product propositions tailored to address challenges faced by family-owned businesses.
Key Outcomes
Understand corporate accounting principles
Apply frameworks for financial analysis to facilitate needs quantification and products recommendations
Implement effective strategies to meet business and owner's financial objectives
Develop and structure propositions for SMEs and Family-owned businesses
Structure bespoke insurance and investment propositions with personal wealth planning
What You'll Learn
Corporate Financial Analysis
- •Corporate accounting principles fundamentals
- •Financial ratios and framework analysis
- •SME financial statement analysis
- •SWOT Analysis for business assessment
Risk Management & Protection
- •Operational risk management for SMEs
- •Creditor and debtor protection strategies
- •Business continuity and keyman structures
- •Risk exposure management frameworks
Business Planning
- •Employee benefits and talent retention planning
- •Succession planning for family businesses
- •Successor protection strategies
- •Exit planning and structures for business owners
Product Solutions for SMEs
- •Insurance structures for business protection
- •Investment products for business goals
- •Bespoke propositions for SMEs
- •Integrating personal and business wealth planning
Who Should Attend?
Course Fee & Funding
Contact Us for Course Fee Information
This module is part of the SCFP-HNWI certification program. Contact us for detailed pricing and IBF funding information.
Funding:
This course has been accredited under the Skills Framework for Financial Services and is eligible for funding under the IBF Standards Training Scheme (IBF-STS), subject to all eligibility criteria being met. Participants are advised to assess the suitability of the course and its relevance to his/her business activities or job roles.
The IBF-STS is available to eligible entities and individuals based on the prevalent funding eligibility, quantum and caps. IBF-STS provides up to 70% course fee subsidy support for direct training costs subject to a cap of S$3,000 per candidate per course subject to all eligibility criteria being met.
Find out more on www.ibf.org.sg.
Frequently Asked Questions
Ready to Earn Your SCFP-HNWI™ Certification?
This module is part of the complete SCFP-HNWI certification program. Register your interest to secure your place in the inaugural cohort.