Three Reasons for the Self-Employed to Consider a Certified Financial Planner Relationship

Self-employed individuals and owners of small businesses face a unique set of challenges when it comes to wealth management and investment planning.

• Managing two budgets with different timing needs can be daunting. Cash management strategies that contemplate the timing of inflows and outflows on the business and family side, as well as future tax obligations become mission critical for building financial stability and avoiding crunches.

• Oftentimes the most rewarding decision a business owner can make is to make a substantial investment in his or her business. Building your personal balance sheet properly can enable these “hockey stick” types of investment when they present. Said differently, building your personal balance sheet is tool that enables the health of your business.  Your personal finances shouldn’t compete with your business for resources.

• Time often becomes a constraint for successful business owners. One of the most difficult regrets to face is that of misallocated time. Done well, though, financial planning becomes an important tool to help you manage time across the life of your business to avoid time regret.

Do you own your own business or thinking of starting one? Let’s us share how we engage with clients to help optimize cash-flow, balance-sheet and time. Schedule an Introductory Call with one of our team, we would love to hear from you.