Financial Planning Tips for Entrepreneurs

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Financial Planning Tips for Entrepreneurs

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Financial Coach Jackie Mitchell answers the following questions: • Should entrepreneurs be concerned about the various types of financial planning like: estate planning, educational planning, insurance planning, and retirement planning? • How can these things directly affect their business? •. Is putting money back into an entrepreneurs business a better investment than putting funds into a retirement plan for later on? • If they take this route what happens to their financial security in the event the business fails? •. Should entrepreneurs be concerned with Asset protection as a component of their financial plan? •. I understand that there are at least seven key components to a good financial plan and they are: * Budgeting and taxes * Managing liquidity * Financing large purchases * Managing your risk * Investing your money * Planning for retirement and the transfer of your wealth * Communication and record keeping •. Which of these can a financial coach help an entrepreneur with?

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