Client Solutions

Business Owners & Professionals

 

Business Owners & Professionals

My work is my life. How is financial planning different for me?

As a small business owner, you face a unique set of financial challenges. Your personal and business situations are closely linked and a successful personal circumstance depends heavily on how well your business does.

Our team has specialized expertise in helping small business owners like you plan and coordinate your financial affairs to ensure that you are well on track to the life of your dreams – on your own terms!

A winning financial game plan is not glamorous, it’s just common sense. For more information or to set up an appointment to discuss your dreams, please feel free to contact our office.

 

Case Studies

Oprah – corporate investments

Oprah’s corporation had an awesome year. She drew out her salary as recommended by her accountant, but for the first time ever she had a large amount of cash remaining in her business – much more than she needed to run it. She asked what she could do with it other than letting cash sit idle at the bank.

We set her corporation up with an investment account so that any time she has extra she can invest it just like she does her own RRSP. That has the added benefit of acting as an emergency fund. If a business gets bad, she always has the option of selling the investments and replenishing the corporate bank account.

Popeye and Olive – PHSP

Popeye and Olive owned a small business with a handful of employees. They wanted to set up some sort of health plan for themselves and their employees but weren’t a fan of traditional insurance health benefit plans. They were concerned about both the cost and the maintenance required.

We explained how a Private Health Services Plan (PHSP) was much more flexible and would work very well in their situation. They were in full control of their budget and the administration could be almost non-existent.

After the initial setup was complete, they were very pleasantly surprised by the result. Employees found it very simple to make claims and were appreciative that the company cared about their health. The only administrative component for the business was to set up new employees as they came along and to maintain a positive balance in the spending account which was easy to do with an automated monthly transfer.

NOTE: The case studies above are based on true events. Names have been changed to protect privacy.