Business Owners

Dr. Bruce Baird, DDS, had a self-described “epiphany” when he started to divert from the conventional wisdom of trapping and gambling with his money in his 401K and the like and putting his cashflow through his own banking system. This gave him certainty over the growth and use of his hard-earned money, and it allowed him to improve his profitability and take advantage of new income-producing opportunities with much better economics than would ever be possible going down the beaten and recommended path.

Once you implement the Infinite Banking Concept (IBC) into your business life, you will realize that you keep all your cashflow. Once you pass it through your banking system, you have it for a lifetime. Yes, you must capitalize this bank, though it is no different than the process for starting up any new business venture.

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

Business owners have access to a lot of financial tools that employees don’t have access to; this is a great advantage, however it can be overwhelming too. Solid financial advice can relieve this.

Financial advice 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 work with us?

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

For a business owner, personal and business finances are connected. Therefore both sides should be addressed: Personal and Business.

What does Financial Advice for a Business Owner include?

There are 2 main factors when it comes to business owners’ finances: Growth and Preservation

Growth:

  • Cash Management- Managing Cash & Debt
  • Tax Planning- Finding tax efficiencies
  • Retaining & Attracting Key Talent

Preservation:

  • Investment- either back into the business or outside of the business
  • Insurance Planning/Risk Management
  • Succession/Exit Planning

What does Personal Financial Advice include?

There are 2 main sides your financial advisor should address: Accumulation and Protection

Accumulation:

  • Cash Management – Savings and Debt
  • Tax Planning
  • Investments

Protection:

  • Insurance Planning
  • Health Insurance
  • Estate Planning

How do you start?

  • Establish and define the financial advisor-client relationship.
  • Gather information about current financial situation and goals including lifestyle goals.
  • Analyze and evaluate 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 helping you get your finances in order so you can achieve your lifestyle and financial goals.
  • Feel confident in knowing you have a plan to get to your goals.
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