Financial planning for business owners is often two-sided: personal financial planning and planning for the business.

Business owners have access to financial tools that non-business owners may not have. While this can be an advantage it can also be overwhelming.

A financial plan can help ensure that the decisions you make are aligned with your financial goals.  The struggle business owners often have with managing money, is trying to save for the future, while needing to spend money today.  A financial plan allows you to achieve your financial goals, as it looks at where you are today and where you want to go, personally and for your business.   


Why do you need a Financial Plan?

  • Worry less about money and gain control
  • Organize your finances
  • Prioritize your goals
  • Focus on the big picture
  • Save money to reach your goals  

For a business owner, personal and business finances are connected. Therefore, both sides should be addressed: Personal and Business.  


What does a Financial Plan for a Business include?

There are 2 main areas your business financial plan should address: Growth and Preservation.


  • Cash Management - Managing Cash & Debt
  • Tax Planning - Finding tax efficiencies
  • Retaining & Attracting Key Talent  


  • Investment - either back into the business or outside of the business
  • Insurance Planning/Risk Management
  • Succession/Exit Planning  


What does a Personal Financial Plan include?

There are 2 main areas your personal financial plan should address: Accumulation and Protection.


  • Cash Management - Savings and Debt
  • Tax Planning
  • Investments  


  • Insurance Planning
  • Health Insurance
  • Estate Planning  


What's the Financial Planning Process?

  • Establish and define the financial planner-client relationship.
  • Gather information about current financial situation and goals, including lifestyle goals.
  • Analyze and evaluate current financial status.
  • Develop and present strategies and solutions to achieve goals.
  • Implement recommendations.
  • Monitor and review recommendations. Adjust, if necessary.  


Next steps...

  • Talk to us about helping you get your finances in order so you can achieve your lifestyle and financial goals.
  • Feel confident in knowing that you have a plan to achieve your goals.