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.
Ignite returns to Newcastle, home to its inaugural accelerator programme, to launch a 3-month funded, pre-accelerator programme for up to 20 early-stage businesses.
The free online tool to help you save money on your mortgage, the easy way.
"If you want to teach a nation to read: Just turn on the subtitles". This simple advice might just help make kids become proficient readers...
The innovative N. Ireland based startup that'll help you save both time and money when importing...
Urban Massage announces new on-demand wellness services and immediately raises over £2.5m in investment via equity crowdfunding platform, Seedrs.
The innovative app which is creating a better way for law firms to communicate with their clients...
London-based startup Ugenie is aiming to allow businesses to efficiently engage & monetise their customer community via an affordable tailored mobile hub.
Thinking of entering and expanding your business into the US market? We chat to Michael Burke, Partner in the Washington, DC office of Arnall Golden Gregory LLP.
The FinTech startup which is on a mission to fix car leasing and make the entire process easier than ever before.
Early-stage startup CityRadar is a SaaS platform that aims to tracks, analyses and increase consumer spend in the hospitality, tourism & travel business sectors. We found out more...
Published on: 28th June 2016
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Trezeo looks to the crowd to target full UK launch 27th Jun 2018 Trezeo, a fintech startup focused on delivering financial stability to the self-employed, targets fully launching its income smoothing business account product in the UK.
- CliniShift awarded upSTART startup pitch title at Digital DNA 2018 21st Jun 2018 CliniShift wins the upSTART startup pitch title at Digital DNA for 2018, battling off against 24 other disruptive UK, NI and Irish startups.
- Launchpad, the award-winning incubator/accelerator building high tech startups in Cornwall 21st Jun 2018 Launchpad, an innovative, post-graduate incubation & acceleration programme developed by Falmouth University that aims to create new digital businesses to meet identified market demand in just 12 months.
- Lloyd's Lab begins global search for tech talent 21st Jun 2018 Over ten weeks, tech startups will be given the unique opportunity to work with Lloyd’s market experts to shape the next big innovation.
