small business financial advisor Orange County

small business financial advisor Orange County

How important is financial planning for a small business? A neat business plan achieves more excellent results because it meets the financial obligations of each stage and determines the choices that will propel you to higher income. Financial planning is an excellent tool to benchmark your journey to know precisely what to expect and how to prepare yourself for a positive cash flow projection

Most Important Factors Needed To Manage Small Business Financial Planning

  1. Income report – The statement will tell you how much loss and profit you have in the business, so we can figure out how to adjust the operational expenses, revenue streams, and your overall earning potential.
  2. Balance sheet – This data shows you the possible future of your business by breaking down where you stand at the moment. We will consider assets, liabilities, and equity in the balance sheet.
  3. Personal plan – A business’s essence lies in the strength of the people behind it. We play the role of your financial advisor, so we can look at the forecast of different values that come with your business. Sometimes, we will drill down to the absolute numbers of your accounts to map out the right amount of assets, capital, debt, and sales that influence your numbers. Our goal is to make a precise cut prediction of your cash flow, income and sales, so we can create realistic short and long-term goals that mature with minimal challenges.

Tips We Use For The Financial Planning Of Small Businesses

Clarify The Goals

Small business owners tend to have limited capital and will be intertwined with the company’s income at the beginning. The lines between personal and business cash flows are blurry; hence, you need an experienced financial advisor to work in your favor and expand the business.

Explore Alternative Capital Resources

The most brutal block for a financial plan for small businesses is that they have limited capital to secure more significant ROI. Most people exhaust their savings accounts or max out the borrowing potential to start a small business. Our job is to look outside of your limited options, so we can identify alternative sources that will boost your business. Often, we find options that you overlooked were just as great as any mainstream source of capital and potentially more rewarding in the long run.

Focus On Bettering The ROI

Many small businesses fail because they are unable to generate enough revenue to cover small expenses. The consequence is that owners will dig their accounts again to cover rent, employee salaries, and operational costs like the water bill or an online subscription fee.

Our small business financial advisor Orange County focuses on bettering your ROI to improve the cash flow and make sure the business pays for all related costs. After a while, it gets easier to find ways of adding the return to earn a decent income.

The business owner has a lot of obligations when trying to expand their earning income. Let us help you map a smooth transition at each growth stage, including business succession, retirement planning, or a sale to another individual or business. Book a personalized consultation on the importance of financial planning for small businesses and financial planning tips.

Standing Oak Advisors
714-451-8216
small business financial advisor Orange County
1440 North Harbor Blvd.
Fullerton CA 92835 US

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