Most Business Owners Have Advisors. Few Have an Advisory Team. Ask a business owner who their advisors are and you’ll usually hear a list. A CPA. A financial advisor. An attorney. An insurance professional. A banker. Perhaps a consultant or valuation expert. Now ask a different question: “How often do those advisors talk to one…
The Best Time to Plan an Exit Is Long Before You Need One. Ask most business owners about exit planning and you’ll often hear the same response: “I’m not ready to think about that yet.” The problem is that exit planning is not something that begins a year before retirement. Or six months before selling…
Revenue Gets Attention. Cash Flow Determines Survival. Most business owners can tell you their annual revenue. Many know their profit margin. Far fewer understand the true health of their cash flow. Yet cash flow often determines whether a business can: Hire employees Invest in growth Weather uncertainty Take advantage of opportunities Sleep well at night…
The Client Doesn’t Care Whose Idea It Was. Business owners are not looking for competing experts. They are looking for solutions. They want clarity. Confidence. Direction. And they want to know the professionals they trust are working together in their best interest. Unfortunately, many CPA and financial advisor relationships never reach their full potential. Not…
Every Tax Decision Is Connected to Something Bigger. Many business owners think about taxes once a year. Usually sometime between January and April. The CPA gathers information. The return is prepared. The taxes are paid. Everyone moves on. Unfortunately, this approach often leaves significant planning opportunities undiscovered. At CPAGamePlan.com, we believe tax planning works best…
Most Planning Mistakes Are Not Technical Mistakes. They are communication mistakes. Business owners often assemble a team of talented professionals. A CPA. A financial advisor. An attorney. An insurance professional. A banker. A consultant. Each advisor may be highly competent. Each may genuinely care about helping the client succeed. Yet many business owners are surprised…
Your Business Is Not Separate From Your Financial Life. Many business owners think about business planning and personal financial planning as two different activities. The business has its goals. The family has its goals. The advisors focus on their respective areas. The plans exist independently. Unfortunately, real life does not work that way. Every major…
Success Doesn’t Happen by Accident. Most successful business owners spend years building their businesses. They develop sales plans. Marketing plans. Hiring plans. Operational plans. Growth plans. Yet many have never created a comprehensive financial game plan. Instead, financial decisions often happen one at a time. A tax decision here. An investment decision there. A retirement…