Managing Growth

How Owners Can Protect What They've Earned

Content type: Video

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It’s important for business owners to take steps now in protecting their earnings and lowering their financial risk in the future. Watch this video to learn more. Read More about How Owners Can Protect What They've Earned

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Be Prepared

Growth is good. But managing a business through growth means dealing with lots of complexity. How much should you reinvest? Is your business sustainable? Deepen your expertise in financials and processes while you manage your way to success.

Have a Plan

Update your business plan annually. Don’t rely on your start-up plan to carry you through a period of growth. Use your plan internally to allocate resources, as well as to help secure bank loans or raise investor funds.

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Manage Your Capital

Consider your family’s needs before expanding, selling or buying a business. Make sure your capital can support both your business plan as well as your retirement plan. Expect that the payback on your investment may take longer than you think.

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Create a Customized Investment Strategy

If your business is your primary investment, consider the implication for the balance of your portfolio. Factor your personal financial plan into any decisions you may make about investing to grow your business.

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