(780) 440-2299 info@cbawealth.com


Financial planning for business owners is often two-sided: personal financial planning and planning for the business.

Business owners have access to many financial tools that employees do not. Having access to these tools is a great advantage; however, learning about and understanding these tools can be overwhelming. A financial plan can relieve this.

A financial plan looks at where you are today and where you want to go. It determines your short, medium, and long-term financial goals and how you can reach them. For you, personally and for your business.

Why do you need a Financial Plan?

  • Worry less about money and gain control.
  • Organize your finances.
  • Prioritize your goals.
  • Focus on the big picture.

For a business owner, personal and business finances are connected. Therefore, your financial plan should address both. 



What does a Financial Plan for a Business include?

There are two main sides your business financial plan should address: 

Growth and Preservation

  • Cash Management – Managing Cash & Debt
  • Tax Planning – Finding tax efficiencies
  • Retaining & Attracting Key Talent
  • Investment – either back into the business or outside of the business
  • Insurance Planning/Risk Management
  • Succession/Exit Planning

What does a Personal Financial Plan include?

There are two main sides your personal financial plan should address: Accumulation and Protection

  • Cash Management – Savings and Debt
  • Tax Planning
  • Investments
  • Insurance Planning
  • Health Insurance
  • Estate Planning


    What is the Financial Planning Process?

    • Establish and define the financial planner-client relationship
    • Gather information about the current financial situation and goals, including lifestyle goals
    • Analyze and evaluate the current financial status
    • Develop and present strategies and solutions to achieve goals
    • Implement recommendations
    • Monitor and review recommendations – Adjust if necessary

     Next steps

    Talk to us about developing your financial plan for you and your business so that you can achieve your financial goals.