Financial Advice for Business Owners
Financial Advice for Business Owners
Are you self-employed or a small business owner?
Many small business owners went into business seeking freedom, a better lifestyle or because they wanted to run their own show but don’t understand how to do financial planning. As such, it is only to be expected that small business owners make financial mistakes that can prevent them from enjoying the sustainable and scalable growth essential to becoming their own boss.
Small business owners often have busy & complicated lives. They are required to succeed in a variety of responsibilities from managing staff, monitoring cash flow, to developing client relationships. This may leave very little time to consider their own personal or long-term financial goals. Having a financial planner to take care of financial details can ensure you have enough cash flow to meet your personal living expenses & free you up to focus on making your business successful.
Our service is truly specialised – we work only with private business owners & their families.
Financial planning for business owners varies from the needs of individual advice.
Newcastle Advisors understand small business owners' needs & can work with you to put in place a strategy that will protect your interests and all other parties involved.
If your business is your life, then you need a financial planner who understands both.
As a business owner, your personal wealth fundamentally depends on your business success.
Your business and your personal life are tied up in all sorts of ways.
For example:
To live the lifestyle you want, your business needs to be making sustainable profits while not consuming every minute of your time.
To enjoy a prosperous retirement, you need to have a plan in place either to hand over day-to-day management of the business, or to prepare it for sale.
You need to ensure your personal assets are quarantined from business risks.
You need to plan around the possibility that you may suddenly become unable to run the business.
