Financial Planning for
Small Business Owners
Building a business takes countless hours of hard work. Now it’s time to make sure that hard work pays off. We help business leaders in the Toledo and Oregon, Ohio area navigate the unique financial challenges of owning a small business and build wealth beyond their companies.
Your Partner in Business and
Personal Financial Success
Your Partner in Business and Personal Financial Success
We work with small business owners who are leaders in their communities. These entrepreneurs understand that most of their wealth is tied up in their business and need strategies to diversify their concentrated wealth, plan for succession, and build financial security for their families.
Maximize Your Business Value and Plan Your Exit Strategy
Building a business takes countless hours of hard work. Whether you’re planning to sell, transfer to family members, or develop a succession plan, we help you structure strategies that help maximize value while minimizing tax implications.
- Business valuation coordination
- Exit strategy development
- Tax-efficient succession planning
Build Wealth and Financial Security Beyond Your Business
Having most of your wealth concentrated in your business creates risk. We help you develop strategies to diversify your assets, generate investment portfolios outside your business, and build multiple income streams.
- Concentrated wealth diversification strategies
- Investment management beyond business assets
- Cash flow optimization planning
Maximize Benefits for You and Your Employees
Offering competitive retirement benefits helps attract and retain quality employees while providing significant tax advantages for your business. We help design and implement 401(k), SEP-IRA, and other retirement plan options that benefit both you and your team while optimizing your tax situation.
- Corporate retirement plan design
- Tax planning and projection strategies
- Employee benefit optimization
Build Wealth That Works
As Hard As You Do
Build Wealth That WorksAs Hard As You Do
Let’s make sure your financial future is just as strong as your business. We’re here to help you navigate the path from business success to lasting financial freedom.
Building Your
Business Owner Financial Blueprint
We understand that business owners have financial situations that require specialized attention. Our process is designed to address both your business and personal financial goals while providing the flexibility you need as an entrepreneur.
STEP
1
Understanding Your Complete Financial Picture
We begin by examining both your business and personal finances to gain an understanding of your complete financial situation. This includes reviewing your business cash flow, personal assets, current benefit structures, and long-term goals for both your business and your family’s financial security.
STEP
2
Creating Strategies That Work for Business Owners
Based on our assessment, we develop integrated strategies tailored to your business needs. This includes wealth diversification planning, retirement strategies that work with irregular income, tax planning that considers both business and personal implications, and coordination of succession planning.
STEP
3
Executing Your Plan with Professional Coordination
We help implement your financial strategies while coordinating with your existing team of advisors, including your CPA, attorney, and business consultants. As your business evolves, we provide ongoing support and adjust strategies to align with changes in your business and personal situation.
Financial Planning Sample Scenarios
for Small Business Owners
Financial Planning Sample Scenarios for Small Business Owners
Small business owners face complex financial decisions that require balancing business growth with personal wealth building. The scenarios below represent typical situations we encounter with entrepreneurs who need to diversify concentrated business wealth, plan strategic exits, and manage irregular income patterns.
Manufacturing Business Owner Prepares for Exit
The Situation
David*, 57, owns a successful manufacturing business worth approximately $3 million that he has built over the past 25 years. With 85% of his net worth tied to the company, he sought to diversify his wealth and establish a retirement exit strategy within 10 years.
The Challenge
- Heavy concentration of wealth in a single business asset
- Uncertainty about business valuation and optimal exit timing
- Need for systematic wealth diversification without disrupting business operations
- Desire to provide competitive employee benefits while maximizing owner benefits
How We Help
- Implemented systematic annual distributions from business to diversify wealth over time
- Coordinated with business valuation professionals to establish baseline value and growth projections
- Structured investment portfolio outside the business focused on growth and tax efficiency
- Designed a profit-sharing 401(k) plan that maximized owner contributions while providing employee benefits
- Developed a 10-year timeline for gradual business transition and wealth transfer
*Names used in these examples are not real clients. Scenarios presented for illustrative purposes only and not based on actual events.
Restaurant Owner Balances Growth and Security
The Situation
Maria*, a 53-year-old restaurant owner, successfully operates two locations but struggles to balance business reinvestment needs with personal financial security. Her irregular income made traditional financial planning challenging.
The Challenge
- Unpredictable seasonal income variations affecting personal savings
- Deciding between business expansion and personal wealth building
- Managing cash flow during slower business periods
- Creating retirement savings despite business capital needs
How We Help
- Established a systematic savings plan during peak revenue months to smooth income fluctuations
- Created a business emergency fund separate from personal emergency reserves
- Implemented SEP-IRA to maximize retirement contributions during high-income periods
- Developed a business growth plan that balanced expansion with personal financial goals
*Names used in these examples are not real clients. Scenarios presented for illustrative purposes only and not based on actual events.
