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4 Ways a Financial Advisor Can Help Your Business

Advice from a financial advisor can add real cash returns over time. Using their knowledge and experience, financial advisors strive to provide the coaching, recommendations, and empowerment for you to find financial stability.  The primary values of a financial advisor are:

  1. Financial Education

  2. Financial Strategy

  3. Financial Planning

  4. Financial Protection

Hire a knowledgeable advisor to teach you how to manage, grow, and protect your financial assets. This can be done for your personal life as well.

A good financial advisor can help you get in touch with your real money situation. They can help you chart a course of spending, investment, and protection that results in a healthy cash flow and significant savings.  You can engage a financial advisor for a particular situation or period, or for ongoing advice to address many facets of your financial position:

  • Business Financial planning.

This can help you define your money “big picture,” manage your cash, or evaluate the true costs of inventory, personnel, equipment, space, production, etc.

  • Risk management.

A good financial advisor can help you to define elements or situations that are risks to your financial well-being (like low-return investments, lack of a cash gap plan, or inadequate insurance), they can make recommendations to fix these problems.

  • Investing.

You can receive guidance on how to invest your capital for desired returns over a defined period.

  • Setting goals.

Examples can include defining what your business (and your) money targets must be on a monthly or yearly basis to sustain and grow your needs. This typically includes assisting with your short- and long-term financial goals.

  • Business services.

This financial assistance can include calculating the feasibility and breadth of employee benefits. Additionally, assisting in choosing the right insurance and maximizing tax deductions are other valuable services.

  • Personal financial planning.

A great financial advisor will helping you plan for the day you will sell or pass on your business. They will help you setup life goals like charitable giving, travel plans, or health care. Other services include debt reduction, estate and trust planning and tax deductions.

Benefits from Engaging a Financial Advisor

Consider the many benefits of working with a financial or stock advisor:

Improved net worth

… through savings on taxes, fees, and lower interest rates, plus higher returns on investments, as well as higher profits due to better operations and customer service.

Increased peace of mind

… knowing your true financial picture and what to expect with your retirement will not only simplify your life but also provide a priceless advantage. It can also help you make the right choices when financial winds abruptly change (such as stock market fluctuations or political upheavals).

financial advisor

Maximized value

… by finding way to make your money work for you, and by avoiding those mistakes that can crush a business. Example: Knew a businessman who shipped a prototype machine across country, but neglected to fully insure it. The expensive item was damaged, which led to the business closing within months.

Reduced risks

… advisors can help you avoid the dangers and pitfalls that come with, say, poor cash flow, lack of insurance, or insufficient planning.

Having a knowledgeable advocate

… what you don’t know can really hurt you. A financial advisor will keep up-to-date for you on changes to laws, regulations, taxes, standards, or other legal requirements, and can go to bat for you when needed.

Increasing your business’ resale value

… if your company has been operating according to a healthy financial plan and strategy, then selling your business should be a breeze.

What does a financial advisor charge? It can be done on a per-transaction basis, or it could be a flat fee.


Depending on how much you use a professional financial advisor, the value to your business and personal life can be substantial, and help you to avoid many costly missteps. For more information about running your business in the financial realm, check out this blogpost Interpret Your Financial Statements.


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