You’re the Owner, You’re the Boss of You
As a business owner, you may have partners and employees, but in the end, most decisions come down to you. You’re the boss.
In the bigger picture, that also means you’re the boss of your wealth management, preservation planning and succession planning.
In addition to working in your business, you’re in charge of working on your business, and then the eventual transition from your business.
But who has the time for that? How many more hats can you wear? That’s where I can help you achieve the financial goals for yourself and your business.
Everything Starts With a Plan
Working with business owners like yourself, I truly appreciate how everyone’s business is unique, with its own dynamics and challenges.
Some businesses are deeply entwined with family, while others are built on partnerships, or have employee ownership plans. And some are just the owner, with a group of employees. In the end, all decisions come down to one person. Sound familiar?
No matter how your business is structured, your financial plan should take into consideration multiple needs: your own, your family’s, the requirements of the business itself, and any partners or key employees who have a stake in the business.
I Can Help With a Plan That Addresses Both Immediate and Long-Term Objectives
Planning takes time. Considerations include taxes, accumulating capital inside or outside of the business, succession options, and so on.
In a nutshell, during this process I help business owners like you plan for financial efficiency. I often uncover tax-efficient ways to structure your finances that can help grow the value of your business, while minimizing risk.
Planning also addresses how to maximize an exit plan, even if it’s 10 to 15 years out.
One Third of Business Owners Assume That Their Children Will Take Over
While that type of transition is quite common, it can be complicated. The first obvious question: are the kids on board? Are they the ones to take the company to the next level? If so, is it a formal plan, or friendly dinner-table talk? I have found that many “plans” were actually just loose discussions, with few or no written details.
Of even greater concern, research shows that more than half of small- to medium-sized enterprise owners don’t have any type of business succession plan. You and your family deserve better than that. A real plan is written down and includes input from everyone involved.
How Do We Start?
Let’s start with a phone call, a coffee or lunch. We’ll learn about each other. You’ll tell me about your business and your plans, and I’ll tell you how I typically help owners like yourself, and how I work smoothly with their accountants and lawyers.
After that, if you have any questions about your business, please call me. I want to be the one who will get you an answer on an important tax question, or help you with renegotiating a bank line or looking at an insurance needs analysis for your business or yourself.
This is in addition to any financial analysis you may need which are part of my core competencies of providing portfolio management and wealth planning solutions.
What Do I Really Deliver? Peace of Mind.
Let’s face it, you have enough to do with the day-to-day operations of your business. You know you need a plan. The first step in getting it off your “to do” list, is to call or email. You’ll feel better the minute you’ve taken the first step. It would be my pleasure to help you.
