Business owners looking to grow the profits.


Arc Shape2

The challenges experienced when looking to grow your profits:

  • The owner is always looking for ways to save taxes by taking deductions that can hurt the value.
  • Profit Loss statements and Tax Returns are not current or accurate.
  • Most money is reinvested into the business without knowing the expected increase in profits and value.
  • There is too much emphasis on revenues and not enough on the business profitability.
  • Money is spent on employees for salaries and bonuses but they do not actually motivate and engage them.
  • The owner randomly takes money from the business through distributions and maybe a salary.
  • The business is not organized to make strategic and definitive decisions to maximize the profits and value of the business.

Our Process to Proactively Control These Challenges:

Meet to Learn About Your Business, The Plan, and Help You Dream

Business owners often struggle with knowing what they want from their business. You spend so much time, money, and invest your life into building a successful business. How does all that work together when you want to get out of the business and work on other hobbies or work on your own terms? We spend time to talk about what steps you have taken, organize your thoughts on what you truly want to accomplish, and lay out the next steps for us to work together.

Work with a Personal Financial Assistant to Organize Your Business and Personal Finances

Your finances might look like the junk drawer in your business. How do you make efficient financial decisions when all the pieces of your business and personal finances live in different places? You will receive one on one time with a financial assistant to organize all your finances into one spot.

Review and Adjust to Protect the Risks in Your Business and Personal Finances

As you build up assets, grow your business, and go about your daily life, there are an abundance of risks present. Often you might find there are risks that you didn’t even know about or how a specific risk impacted your ability to grow and sell the business. We touch on the purpose for certain insurances, documents, and how to take that step to get you fully protected from most unknowns.

Structure and Implement a Plan on How to Get Your Business to Save for You

You might find that the business checking, or savings account, has a lot of cash building up inside. The initial reaction most people have is to pay off a personal debt or maybe expand the business. Your business should not be the source of your wealth for retirement but the main contributor to build up your wealth. Inside your business there exists dead cash and new business profits. We want to help you get clarity on what should stay in the business, what should be taken personally, and how the business value can be increased the right way.

Determine How You Want to Eventually Sell Your Business
What is your plan to get out of the business in the future? Many wait until the last moment because they are now burnt out but the long you wait the less options there are. When we can plan these things in advance you can decide how you want to leave on your own terms.
Review How You’re Engaging and Growing the Business through Your Team
Have you considered offering perks and benefits to your team? If you do, how would you categorize them when you think about recruiting new talent, rewarding your team based on what they can control, and retaining those that can change the culture or cause the business profits to decline if they left? We spend time with you to understand and implement these plans.
Collaborate with Other Professionals
There are many financial decisions to make and as your business grows there is the need for someone to handle your taxes, an attorney to create compensation agreements, insurance agents to sell you insurance, and the list goes on. When making decisions each person needs to be aligned with your overall plan and as we guide you the goal is to bring these people on the same page.
Review, Update, and Adapt.
Life changes. Your Reasons for Planning change. We need to proactively meet to review, discussion, and talk about what has happened but most importantly your plans for the coming 6 months to a year.

Contact us today to get started!