Business Planning

When you are full of ideas for starting a new business, all you can see is what’s going to happen tomorrow. The thought of having their vision turned to reality often blinds new entrepreneurs to that all-important question: Does it all makes sense financially? While passion is key to turning vision into a functional business, prudent financial planning is critical to ensure that reality comes to fruition, and continues to survive and thrive!

WHY FINANCIAL PLANNING IS IMPORTANT FOR BUSINESS OWNERS

Just as even the savviest of pilots can’t always fly blind all the time, so too is the case with business owners. Meticulous financial planning, for the short-term, in the intermediate period, and for the long-term horizon, is vital if a business is to succeed.

Without sound financial planning, even the best of business ideas could soon falter and perish. Business financial planning is extremely important for any venture to succeed, expand and flourish in the long run.

WHAT WE CAN DO FOR YOU

Here’s how our Business Financial Planning solutions can help you:

  • Business plans: To help ensure the ongoing viability of your business, you’ll need help putting together a sound business plan – for the short, intermediate and long-term. We can help create that pan for you.
  • Contingency planning: Emergencies and unforeseen situations can arise anytime during the life of the business. It takes savvy financial advice to help ensure you have the financial safety net to successfully weather the business through such events.
  • Asset acquisition: Whether you choose to own an asset outright for your business, or insure its use through other means, will depend on the financing options available to you. We can help you make financial decisions whether you buy versus rent, versus lease decisions that work for your finances.
  • Debt management: Should I consider borrowing against business assets? Or should consider refinancing? Or would it make sense to dispose-off some assets to finance debt? These are every-day decisions that we help business owners make.
  • Business expansion and diversification: When it comes to expanding and diversifying your business, you’ll find us right beside you when evaluating financial proposals and financing options to fund those initiatives.
  • Employee retention: No business is ever successful without satisfied employees. We’ll work with you to help offer attractive remuneration, compensation and benefits packages to your employees, that will motivate them to consider making a long-term career with you and your company.
  • Succession planning: What happens if something untoward happens to you? What if you wanted to step down, or take a less active role in the business? Is there someone groomed and primed to assume the mantle of leadership and succession?
  • Retirement, Estate and Legacy planning: And when it’s time for you to call it quits, we’ll be right there to ensure you are able to enjoy the fruits of your hard work. Through careful planning, we’ll not only make sure you enjoy a comfortable retirement, but that your legacy passes seamlessly to your next generation of successors.

 

Separate from the financial plan and our role as a financial planner, we may recommend the purchase of specific investment or insurance products or accounts. These product recommendations are not part of the financial plan and you are under no obligation to follow them. 

This website may contain articles or information that is a general discussion of federal tax laws and strategies that may benefit a taxpayer. It is not intended for, nor can it be used by any taxpayer for the purpose of avoiding federal tax penalties. Financial professionals do not provide tax or legal advice. Taxpayers should seek the advice of their own advisors regarding any tax and legal issues specific to their situation.

Waypoint Wealth Group is affiliated with North Star Resource Group. North Star Resource Group is independently owned and operated. North Star Resource Group and Waypoint Wealth Group offer their own suite of products and services entirely independent of Securian.

Certain individuals associated with Waypoint Wealth Group are registered with and offer securities and investment advisory services through Securian Financial Services, Inc. ("Securian"), a registered broker-dealer and investment adviser, member FINRA/SIPC. Individuals registered with Securian are authorized to offer only those securities and investment advisory services that have been specifically approved by Securian. FINRA's BrokerCheck contains additional information about registered individuals and also indicates whether they are registered representatives and/or investment advisor representatives. You may also refer to their individual bio pages on this website to find their registration status. Not all registered persons are registered as investment advisor representatives.  Only registered persons who are registered as investment advisor representatives use titles "advisor" or "financial advisor" and provide advisory services. For further questions about which individuals associated with Waypoint Wealth Group are registered with Securian, as well as information about which securities and investment advisory services such individuals are authorized to offer on Securian's behalf, please contact Securian at 1-800-820-4205.

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