Assessing Market Trends
It’s important for small business owners to monitor market
trends to stay competitive and adaptable. Economic factors
outside your control - like inflation, interest rates, and
regulatory changes - can have a major impact on your
company’s bottom line.
We can help you navigate changes in the broader market and
explain any potential impacts on your company. Having
another person keep an eye on industry shifts and consumer
behavior might help you get ahead of the competition or at
least better prepare for possible roadblocks.
With our connections throughout the community and
through other business owners, we can even help connect you
to private financing & equity investments in your business.
As a small business owner, you face many unique financial challenges,
including managing your personal and business finances. Working with
Olistico Wealth is an investment in your company’s future. We can help
you navigate retirement and long-term financial planning, acting as a
strategic partner as your company grows. In short, as fiduciaries, we put
your interests and goals ahead of our own because when you’re
successful, we are too.
Bottom Line
Succession planning secures your business’s future and
safeguards your hard-earned legacy. Yet some small
business owners fail to properly plan for an emergency or
their eventual departure from the company.
A small business financial planner can create a
comprehensive succession plan to safeguard the financial
health of the business.
This could be as simple as a life insurance policy or more
complex, like a contingency agreement with another
business to buy the owner’s family out in the event of death.
Many ignore succession planning, but because the business
is most likely the owner’s most valuable asset, it needs a
plan to support it.
Creating a Succession Plan
RETROSPECT