Supporting you as a small business owner

Like us, some of our clients are small to medium sized business owners. They enjoy the freedom of running their own business, being their own boss and building relationships with their clients who value the service they provide. With hard work and careful planning, self-employment can bring financial and lifestyle rewards. But without the certainty of a regular income, being a small business owner requires support so you can grow and prosper.

As a financial adviser, we can discuss ways in which you can manage your cash flow, set aside money for tax, grow your retirement savings, protect your income and set up a plan should you, or a business partner, exit the business for any reason.

Meet William and Isabella...

William and Isabella's lives revolve around raising their kids and running their small family-owned business.

William and Isabella have worked hard for what they have. They've always had a good cash flow budget in place and are constantly looking for ways to get ahead. With the amount of wealth they've built over the years, William and Isabella are now anxious about how to best protect it.

Protecting Business Income

Their main concern is protecting their business and income with their main priority to increase their personal savings and reduce their level of debt. Having a thriving business that is well protected into the future is central to their personal financial goals and funding their children’s education.

William and Isabella are concerned that if one of them becomes ill and needs to take time off from the business, the other one will not be able to manage on their own and will need to employ additional staff to assist them. This would be an extra cost to the business and would be disruptive to the smooth running of the business which may have an impact on their staff, they would hate for any of them to leave. The customers are used to the staff and have a good relationship with them, which aids in the business success.

Specialist Advice

William and Isabella were not sure where they should start and needed some specialist advice.

In seeking professional advice they were able to:

• review their current financial position and business protection plan
• assess the potential risks to their business if they were to suffer accident, illness or premature death
• tailor a business and wealth protection strategy that was suitable for them and their business
• be confident they could continue to pay expenses and the business could thrive without them if needed. They were pleasantly surprised to find out that if they needed to hire additional staff in their absence, there were business protection plans that could facilitate this.

With the knowledge and support they received, William and Isabella were confident they were more in control of their financial future.