How Wealth Advisers Can Help Small Business Owners
by Startacus Admin
To be a small business owner in a modern global economy can throw up some difficult problems. That said a sensibly managed small business can thrive and in this scenario the owners of the business may be well advised to capitalise on their success.
The Definition of Success
If your business is turning a profit, then it could be argued that it a successful business and if you continue to put in the hard work it has a great opportunity to grow. If as a small business you can achieve a gross profit of 20% or more, then you may want to start to think about how you can make that profit work for you. A basic rule of thumb is to use a sweep account, this is where you transfer your surplus capital into an account that pays an interest rate on the money. Whilst this is a sure fire way of making a return on the money, the return is likely to be very low and may not even keep up with the rate of inflation. So how can that money be made to work a little bit harder?
Get a Little Help
It is a common mistake to think that it is only people and businesses that are hugely successful can benefit from the services of a wealth advisor. In fact it couldn’t be further from the truth, wealth advisors deal with individuals and businesses from right across the spectrum of wealth and can offer a range of packages that can help you to build capital. It may be that you are looking for extra income or you are looking to secure capital for the future, either way a good investment company will be able to put together a bespoke investment package to suit you.
What’s on Offer?
There are a number of options when it comes to investing your capital and you should try to match one of these options to the goals you are looking to achieve. So, for example, if you are looking to make a long-term investment that will accrue money over time, it may be that you opt for a fairly conservative investment portfolio with little risk attached to it. Alternatively you may be looking to supplement your income and in this case you may want to consider a more adventurous portfolio and accept that this carries more risk. The good thing about using a wealth advisor is that they can talk you through all of your options and the risks involved and this means you have a greater chance of getting what you want from your hard earned cash.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.
.jpg)
With the UK facing a clear digital skills gap, Amy Caton, Digital Talent and Impact Senior Manager at BT Group shares some insights on what businesses should do to close that divide.
The lowdown on Berlin-based Beazy and its innovative solution that helps teams to plan, produce and deliver creative content and helps businesses to connect with talented content creators.
Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.
Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.
.jpg)
Kingussie High School scoops first place for Junior and Senior categories at this year’s Growing Future Assets Competition.
The lowdown on Manchester-based Arctic Shores and its innovative recruitment solution to help candidate potential count as much as skills and experience.
With the demand for tattoo removal now greater than ever, specialist NAAMA Studios makes a bid for a further £11m in funding.
By combining machine-learning with zero-party data, new tool launched by MarTech startup Qudo ends the ‘era of assumption’ for marketers.
Want to be your own boss and earn some money whilst travelling? Here are a few ways to do just that...
Published on: 28th June 2016
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Neurodiverse learning and training platform Neve shares major six-figure investment opportunity 22nd Mar 2023 Glasgow-based This is Milk seeks investment for Neve Learning, its cloud-based Ed-Tech platform that has inclusivity and accessibility at its core.
- Huckletree opens new London hub for tech companies pioneering Web3 solutions 16th Mar 2023 Huckletree's new Web3 HQ aims to put London’s West End at the forefront of Britain’s tech superpower ambitions.
- OpenSponsorship making its move into the music sector 16th Mar 2023 Leading sports marketing platform, OpenSponsorship announces move into music sector, the first new vertical industry for the trans-Atlantic martech business.
- Scottish Highlands Home to the Next Generation of Future Female Investors 15th Mar 2023 Kingussie High School scoops first place for Junior and Senior categories at this year’s Growing Future Assets Competition.
