Small Business Planning

10 Signs You're Ready for a Business Expansion Strategy | Pursuit


Financial Planning For Your Small Business Can Optimize Your Personal Financial Plan


As a small business owner, you put an amazing amount of time and energy into providing for your employees, trying to meet the needs of your customers or clients, and making your business a success. But what about your personal financial situation?

  •   Do you have enough cash flow?
  •   Is your asset/liability ratio balanced?
  •   Do you have sufficient insurance coverage?
  •   What does your retirement and succession plan look like?
  •   Can better tax planning and preparation impact your annual returns?
  •   Is charitable planning important to you? How about saving more for your heirs?
  •   Might an investment portfolio analysis help your potential for returns and income while reducing your portfolio risk?

By taking a comprehensive look at your business planning, taxes, investments, and retirement needs, a financial advisor for business owners can help you clarify your goals, make informed decisions, and build the future you envision.




Customized Solutions for Your Unique Financial Situation

What business owners need to know.

  •   Are your revenues, costs, profits, and profit margins healthy?
  •   Have you recently done a strategic business assessment?
  •   Are you tracking expenses, payroll, and tax obligations efficiently?
  •   Where can you gain access to capital to help you grow your business?
  •   What are your retirement and business succession options?
  •   Is your business adequately insured to cover all risks?
  •   How much liquidity do you have or need?

We work closely with you to build a holistic plan that considers everything from tax and risk management, to business succession and retirement, and everything in between. Our financial planning for business owners includes coordination with your legal and accounting advisors to your business and personal financial plan, supported by all your resources working together on your behalf.





Here Are Some Typical Pitfalls to Avoid:

  1. Paying themselves more than they need
  2. Using their business account for personal expenses
  3. Not taking advantage of low interest rates and depreciation, when available
  4. Not having the correct corporate structure
  5. Not having a succession and tax plan
  6. Using liquid funds to make illiquid purchases
  7. Not having the appropriate retirement plan or any retirement plan.
  8. Not having adequate bookkeeping support
  9. Not delegating or hiring a financial professional
  10. Not having appropriate insurance plan



The list detailed here should not be considered a complete detailing of the subject discussed. The list should be considered informational and subjective in nature. It is not intended to be construed as professional investment or financial planning advice.

Neither Momentum Independent Network Inc. nor its representatives offer tax advice. This material is not intended to replace the advice of a qualified tax professional. Before making any financial commitment, consult with your tax adviser.