Business planning assistance from a local financial adviser
Business planning doesn’t stop after your first sale. For successful businesses, it’s an ongoing process. Flexibility is important to adapt to changes, growth and opportunities. With a little planning and a hand from a professional, your business goals can come within reach.
So, where does a financial adviser come into play? A professional can help you stay ahead of the game and protect you from threats to your long-term business goals. As a financial adviser in the local area, I am here to help you get the most out of your company.
Here are answers to four of the most common questions we help business owners address.
1. How should ownership be structured among business partners?
The most essential part of any business partnership is agreement among partners. This requires a carefully planned ownership structure based on capital contribution, business responsibilities or other factors partners have agreed on. A buy-sell agreement is highly recommended to also be signed to prevent conflict in the event of sudden changes in ownership.
2. What can I do to protect my business?
Business owners face many obstacles, but taking the right precautions can reduce these risks. Here are some tips for staying protected in case of unexpected circumstances.
- Have insurance coverage.
- Perform audits to comply with government or industry standards.
- Consult with legal professionals.
- Train employees for quality service.
3. How do I find qualified employees?
In today’s job market, attracting top talent is more competitive than ever. Differentiating your business from others in the field is essential. Offering a wide range of high-quality employee benefits can make your company stand out in a pile of job offers. The performance of your business depends heavily on what you can offer to attract those perfect-fit employees.
4. What is my business worth?
Knowing the value of your business isn’t only useful when you’re looking to sell. It’s also relevant for obtaining finances for expansion, acquisition or other capital needs. Your business worth is determined by considering company revenue, expenses, opportunities, stability, competitive advantages and other related factors.
A qualified financial adviser can help you with questions like these and other business planning needs. I am experienced in the business marketplace. I can analyze the unique needs of your company and help set you up for long-term success and protection. Help your business thrive and give me a call today.
* Securities and advisory services offered through MWA Financial Services, Inc., a wholly owned subsidiary of Modern Woodmen of America. Member: FINRA, SIPC.
Consult your tax advisor and attorney before making a decision.
