Small Business Owners
It’s no secret that small business owners might just be the busiest people on the face of the planet.
Between balancing the responsibilities of being a business owner with the duties of family life, there’s not much time left to think about your personal financial situation.
With all your attention focused on doing what is best for your business, it’s easy to forget about your personal finances. Maybe you have a feeling that you could be paying less in tax or just want to know more about protecting yourself personally in the case of a financial emergency.
You want a way to make your personal financial planning simple and stress-free, so you can keep doing what you do best when it comes to your business.
After all, time is money and you don’t have enough of either to waste chasing unrealistic financial dreams that you have no idea how to make come true.
But with your business and personal financial circumstances so intertwined, where do you even start?
You can start by talking to your team of expert financial advisors at Veyron.
We’re business owners ourselves and so understand the worry that comes with juggling both your personal and business finances. We’ve also found with our clients that when you’re under the pump, your personal financial situation is usually the first thing that slips your mind.
Our team of experienced financial advisors take the stress out of the scenario by ensuring your personal financial situation is designed to help you meet your financial goals, needs and wants.
We make sure you’ve got your personal finances covered, so you can focus on helping your business grow.
HIGHLY RECOMMENDED BY OUR CLIENTS
Common Financial Mistakes
Many people become small business owners for a variety of reasons, including seeking a better work-life balance, wanting to work on their own terms or desiring to make a difference in the world around them.
But because there are a variety of reasons for becoming a small business owner, having a solid personal finance knowledge isn’t always a given.
With so much time and energy spent within your business, it’s easy for everyday personal financial mistakes to pile up into one big problem.
In our years helping small business owners, we’ve found and fixed these common challenges:
- Centering your entire retirement plan on selling your business
- Not structuring your business to reduce personal tax obligations
- Basing big financial decisions from outdated financial records
- Failing to protect yourself financially if something were to happen to your business
- Struggling to find a balance between business and personal financial planning
For many small business owners, the success of your business is tied-up with your personal financial circumstances and that of your family. When, for any reason, your business struggles, you and your family might feel added pressure.
By not building personal wealth independent of your business, you risk losing everything if something were to ever happen to affect your business’ finances.
Don’t worry, creating personal wealth is not as difficult as it sounds.
It’s entirely possible to meet your own personal financial goals, needs and wants while supporting your business to thrive.
Are you experiencing these challenges? We can help
At Veyron we take a holistic approach to your financial situation and create a financial plan that considers both your personal financial goals and those of your business.
We make sure that your financial plan is optimised to support you both now and into the future.
As small business owners, we know that it’s often the little things that get pushed to the end of the to-do list.
That’s why we do the hard yards for you and help you figure out the right way to take care of yourself financially.
One of the key areas that small business owners could improve upon is accounting. As a small business owner, you’re uniquely positioned to take advantage of certain financial strategies that can greatly reduce the amount of tax you’re obligated to pay.
We make sure that your personal financial circumstances are structured in a way that maximises tax reductions and lets you redirect more money towards meeting your financial goals.
We are also experts in protecting you and your family in the case that your business falters financially. We have hands-on experience helping you create and implement asset protection strategies that will ensure that you and your loved ones are able to weather anything that comes your way.
Veyron are dedicated to making sure that you’re looked after financially both now and in the future. That’s why we sit down with you to create a retirement plan that works independently from your business.
In our experience, small business owners may sometimes forget to pay themselves super. This can have negative implications further in your financial journey, all of which can be discussed with one of our financial advisors.
