To Make Your Business Work For You, You Need a Financial Planner That Understands Business Owners
As a business owner, your personal and professional finances are often deeply intertwined. Managing cash flow, growing your business, and planning for your future can feel overwhelming without the right strategy. At Bloom, we specialise in financial planning tailored for business owners, helping you optimise your cash flow, structure your finances tax-effectively, and secure your wealth—both within and outside of your business.
Currently, over one-third of our clients are business owners, and this number is growing because we see the whole picture. By working with your other trusted professionals, such as your accountant, we develop a clear, tailored financial plan that aligns your personal goals with your business operations.
Breaking Down Your Finances
Optimising Your Financial Position
To properly optimise a business owner’s financial plan, we start by thoroughly analysing your overall position—personally and professionally. We often find opportunities to implement tax-effective and debt-minimising strategies using structures you may already have, such as trusts and companies. This approach allows us to grow your asset value reliably over time.
Debt minimisation forms an important part of our advice, as 69% of our business owner clients carry debts exceeding $1 million. Having a clear plan to manage and reduce debt not only relieves stress but also frees up cash flow for investments or future opportunities.
Structure Your Business Well & Reap the Benefits
Separating your business needs from your personal finances is critical for success, but there are synergies to leverage as well. By structuring your business well, you can reduce liability risk while creating new financial opportunities.
At Bloom, we’ll help you:
Our financial planners will work with you to avoid rushed or pressured decisions and ensure your business is working as hard for you as you are for it.
Running a business is rewarding but comes with its challenges and risks. We know the fears shared by many business owners:
Adequate insurance cover can ease nerves and prevent financial burden in the event of illness, injury, or death. We also ensure you have sufficient liquidity to manage irregular cash flow.
Debt can be stressful and a drain on cash flow. We’ll assist you with a clear, structured plan to reduce debt smartly and sustainably.
Many business owners feel they’re not doing enough to secure their financial future. Our experienced adviser help refine your financial plan, giving you confidence and peace of mind.
Asset Allocation and Wealth Priorities
For many business owners, growing wealth and achieving long-term financial security are key priorities. With the average net worth of our business owner clients being $7.2 million, we see a strong preference for investments in shares and managed funds. These options align well with liquidity needs and suit time-poor individuals because they can be easily managed or outsourced.
Our tailored approach ensures that you are growing wealth in a way that works for your lifestyle, while also addressing your need for flexibility, control, and risk management.
Let’s Start Planning
Whether you’re expanding your business, planning for retirement, or managing the everyday challenges of ownership, Bloom’s financial adviser are here to help. We’ll guide you to leverage your business better for your personal objectives while protecting what you’ve worked so hard to build.
Take the first step towards optimising your business and personal wealth today.
A financial adviser can help a business owner in many ways, including developing comprehensive financial strategies, managing cash flow, succession planning, investment planning, tax planning and risk management. This includes helping you to set and work towards long-term goals, such as expanding your business or achieving a secure retirement. Most importantly, they will provide ongoing support and advice to help you navigate challenges and achieve your personal and business goals.
It’s important to choose an experienced financial adviser to ensure you get the right expertise for your unique needs.
A financial plan for a small business is a comprehensive strategy that outlines your business’s financial goals and the steps needed to achieve them. It includes budgeting, forecasting, cash flow management, and investment strategies. A financial plan helps you control expenses, set targets for business’s growth, and ensure you have the resources you need for long-term success. A well developed financial plan also connects your personal goals with your business goals, creating a balanced approach to achieving your overall goals.
Financial planning is important in business as it provides a clear overview of a business’s financial situation and helps you set realistic goals and strategies for future success. It helps you with investments, budgeting, tax planning, risk management and overall long-term planning. Having a well thought out financial plan is a smart way to navigate challenges and stay adaptable in a constantly changing business environment. It’s important to view financial planning as an ongoing process that should be updated regularly.
A small business financial adviser is a professional who provides specialised financial guidance tailored to the unique needs and operations of small businesses. Each small business operates differently and has its own potential for growth. A small business financial adviser helps by understanding these unique aspects and offering personalised strategies for budgeting, risk management, cash flow management, and overall financial planning to support your business’s success and expansion. Normally a small business owner will utilise the service of an accountant and small business financial adviser, to relate the business plan to the personal financial plan.
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