Essential Financial Planning Tips For Small Business Owners

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CHARLOTTE – Do you own your own business?  I feel like this is the start to an infomercial!  On a more serious note, business owners wear many hats and it can get very overwhelming.  If you are a business owner, you know what I am talking about.  Here are a few tips and strategies to help you:

Create a business plan: This is your roadmap, outlining your business’s goals, strategies, and financial projections. It can help you find potential challenges and opportunities. You should outline your marketing and sales strategies, including an analysis of your competition, pricing strategy, and marketing plan.

Create a budget: A budget is a financial roadmap that outlines your expected revenue and expenses. You must create a budget to help you understand your cash flow and identify areas where you can cut costs or invest more money.

Separate personal and business finances: Separating your finances can make it easier for you to track your expenses and prepare your taxes. When filing your taxes, you must provide a detailed accounting of your business expenses. If you mix your personal and business expenses, it can be challenging to provide correct accounting.

We’ve worked with small business owners for over 20 years and are happy to help.

Let us help you find your clarity of purpose! 

Information contained in this article was released by Dunham & Associates for use by your local Blueprint Financial Advisor. 

To discuss further, please contact me at (704) 817-4480 Option 2, or by email at

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