Typical Client Situation
Paul and Kathryn are small business owners. They have been accumulating savings from their successful business. However, their lack of time meant their personal affairs were not being adequately managed. We can become their ongoing sounding board and advisors to help them understand where they are headed with their money.
By putting your cash flow from your business into proper investments now, means that your ideal life becomes less reliant on business success as you get older.
How We Can Help
- Analyze your current levels of taxation and how to become more tax efficient
- Review your business plan and cash flow statement to determine the overall health of the business
- Create or review your current business valuation and offer several exit strategy options for leadership
- Help the client understand how accumulating wealth within the business becomes part of their overall wealth portfolio. We use MoneyGuidePro to show the client how their assets are allocated.
The Bottom Line: The most important piece of financial advice for business owners is that they should focus on their business and let professionals deal with financial and investment matters.