Home Financial life Here’s how an advisor can help your business

Here’s how an advisor can help your business

0
157

By Jillian Stinson
Managing the finances of a business is sometimes difficult. How about asking for help? Find out how an advisor can help you.
Having your own business is both rewarding and satisfying. But it is also very demanding at times. Especially when you have to work and manage finances simultaneously, and that’s not to mention the restrictions of the last few months. Small and medium-sized businesses have had to face the worst effects of the pandemic. Fortunately, an advisor can help them.

Help for business owners during COVID-19.
What are the benefits of working with an advisor for small business owners?
Many entrepreneurs turn to an advisor to manage their finances and their business. With the right advisor by your side, you’ll get support for:

make sound financial decisions;
maximize your investment opportunities;
prepare a plan based on your short and long term goals;
plan your retirement;
find ways to save more.
What is business owner insurance for?
An advisor can help you choose business insurance to protect you:

you;
your associates;
your employees;
your company.
Business owner insurance promotes the sustainability of your business. This way, you can stay afloat even if an essential crew member leaves the ship. Or, the insurance can be used to finance the buyout of participation in the event of the death of a partner.

Here’s what you need to know about business owner insurance
Take, for example, the case of Peter, owner of an art gallery in Vancouver. Peter wondered what would happen to his business if he or one of his associates became unable to work. One of our advisors, BradPashby, explained the advantages of this insurance.
“I didn’t know about business owner’s insurance,” says Peter. But Brad made me realize how important she is. He explained that she could save my gallery if something happened to one of my associates or me. »
On the other hand, Melanie runs a recruitment agency in New Westminster, British Columbia. The insurance allowed him to have peace of mind despite the work stoppage of his associate, Jacqueline, suffering from cancer. The two women called on Shawn Peach, a SunLife Financial advisor. Shawn guided them on how this assurance could ease their situation.

“He was able just to lay it all out when we felt overwhelmed,” Melanie says. It reassured us. It was a tough situation, but thanks to him, not financially. »
Your business is changing; how can you adapt your plan?
Melanie also found that Shawn could help her and Jacqueline adapt their plan as their agency grew. When they started their business, their needs were modest. But their customer base and membership have increased, which has made their finances more complex. With Shawn, they reviewed their plan to make sure it continued to fit their needs and goals.
How to find a financial advisor for your business?
Want to work with an advisor? Meet several of them, then choose the one that inspires you the most confidence. Most now offer virtual dating. Find an advisor.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here