Many small business owners put all of their time and energy into the business, and this often means they neglect both their personal and business finances. Business owners may also be too busy with the day-to-day running of the business to look at a wider financial plan for the business itself. This could mean that the business loses focus and direction.
Finance advice for a new business
If you are new to owning a business then a financial adviser could be invaluable and compensate for your lack of experience. Having a financial plan and knowing that you are making the right financial decisions for your business will help you to succeed. There may be opportunities to grow sales and cut costs that can be identified by a financial adviser at Four Wealth Management.
Book a no-obligation meeting
What is a small business financial adviser?
A financial adviser helps people to make more of their savings and investments and save tax. A small business financial adviser does this too but with a focus on the challenges that are faced by small businesses.
A small business financial adviser can help you to maximise your business capital and to create a financial plan to help you to forecast expenditure and profits.
As a small business owner, it is important to be aware of the financial decisions you make and how they affect the success of your business. A business financial adviser can help you to make informed financial decisions.
How can a financial adviser help your small business?
Having a financial adviser to help manage your small business finances will help you to grow your business. Having the correct financial advice can help business owners to make the right decisions for their business. Having a financial plan tailored to your business needs will help you to make sure you are on track.
A financial plan will help you to identify new opportunities, minimise financial risk and manage cashflow.
Book a no-obligation meeting now
Can a business financial adviser help with personal finances?
At Four Wealth Management, our financial advisers can provide advice on all areas of both personal and business finances. For example, pension planning, retirement planning, inheritance tax planning and investment management.
Financial advice can be particularly beneficial for business owners and those who are self-employed as they are not eligible for auto-enrolment pensions and they have to prepare and save for their retirement on their own accord.
How a financial adviser can help with a business exit plan
Even if your business is relatively new or you are still young, it is important to have a business exit plan in place from an early stage.
Planning in advance will enable you to get the most out of your business and set goals for you to achieve.
Even though it might be difficult, you do need to consider what will happen to your business when you choose to leave. It is also important to have a plan in place in case of the unexpected such as in the event of your death or if you get unwell and are unable to run the business anymore.
Having a business exit plan in place will give you more control over when you exit and allow you to make the most from your business.
A financial adviser at Four Wealth Management can help you to consider your options and let you know the tax implications of different exit plans.
Book a no-obligation meeting or call us on 0117 973 0500
Book a meeting with a small business financial adviser
A savvy small business owner understands that delegation saves a lot of time and is rewarding. Therefore, a small business owner will strongly consider working with a financial adviser to make sure that all of their finances are in order for their peace of mind.
With the right financial advice, you will have the confidence to make sound decisions for your business, so it can reach its full potential.
Book a no-obligation meeting or call us on 0117 973 0500
The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.
Exit planning may include the referral to a service that is separate and distinct to those offered by Four Wealth Management and St. James’s Place.
