Business Owners Need an Advisory Team – Freeing Them to Focus on Running Their Business
If you own a business, it's never too early to establish an advisory team who can help you manage your business while helping you avoid mistakes along the way.
A recent national survey indicates that more than 65% of all small business owners indicate they spend more time doing all the mundane tasks surrounding their business but not enough time to just run their business.
The solution is creating a team of trusted advisors who are there to help you manage your business while keeping you on the right path to financial success, avoiding the mistakes others make.
Who should be on your team
A qualified CPA who understands business, taxes, and gets you the most deductions
A qualified business banker who can help you with credit and funding your business
An independent insurance advisor ensuring you get the most coverage for your dollar
A competent business and estate planning attorney
A marketing consultant to help you stay ahead of the competition
Planning today, tomorrow, and the near future
Whether you are a plumber, real estate agent or you’re a dentist, the present economic climate dictates that you take immediate steps to protect your business and family. If your family counts on your business to provide the monthly income needed to maintain the lifestyle you’ve chosen, it’s imperative you have your team assist you with the following steps:
Develop a business plan for 6 months, 1 year, 2 years, and 5 years.
Address disability, life insurance, and your estate plan
Having a team of experts at your disposal can go a long way in helping you keep your business viable, profitable, and ultimately valuable when you decide to exit. Along the way, if you should you have an unexpected disability, illness, or accident that creates cash flow issues, the ground work you did with your team will help you over these hurdles. If, in a worse case scenario you are no longer with us, the estate planning and life insurance will be there to help your loved ones carry on because of the legacy you left.
It doesn’t matter how old you are, how smart you are, or how much money you may have, the truth is that being able to delegate these matters to your team will help you focus on running your business.
Stop lying awake at night wondering about your quarterly tax returns, how much life insurance is too much, or whether you need a Will or a Living Trust. Let us help you solve these and other issues so that you can do what you do best. Ask me about my team and let us help you get on the right track.