Business Planning

Why Is It That Some Companies Repeatedly Get Things Done While Others Continually Fail to Achieve Their Plans?

As a small business owner, you can put an amazing amount of time and energy into providing for your employees, trying to meet the needs of your customers or clients, and making your business a success.

But what about your personal financial situation?

Financial Planning is an extremely valuable service that many business owners take on themselves without the expertise to tackle the various components of the investment management and comprehensive planning:

Company Plan Benchmarking | Retirement Planning | Risk Management | Estate Planning | Succession Planning

Prime Portfolio Planning’s Process for Small Businesses Can Help Protect Your Personal Wealth.

        *Keith Galicia is a CEPA. He is familiar with the CEPA Business Planning Process but does not offer business valuation services.

Business Financial Planning Process

Prime Portfolio Planning subscribes to the EPI Value Acceleration Methodology. This process is a specialized approach focused on helping you, the business owner, effectively plan and execute your exit from your business. It involves several essential steps. First, it involves understanding your personal and financial goals, as well as assessing the current state of the business.

Next, a comprehensive exit plan is developed, considering factors such as business valuation, tax strategies, wealth preservation and estate planning. The process then moves to implementation, which might involve restructuring the business, optimizing its value, and creating a succession plan. We collaborate with legal, financial and other professionals to ensure a smooth transition.

Prime Portfolio Planning’s role in this process is to guide you through the complexities of exiting, assisting with estate planning and minimizing your Wealth Gap. The Wealth Gap is the amount of money you need to retire minus your current net worth.

Essential Financial Planning Considerations

  • Prime Portfolio Planning knows accurate cash flow projections enable better strategic planning for operational survival, investments and growth, liquidity and debt servicing.. When we provide financial planning for business owners, cash flow projections are an integral part of the plan.

  • We know running a business can be emotionally taxing, especially for long-term owners. An exit strategy can help provide relief from the stresses and pressures of ownership, allowing the owner to focus on other aspects of their lives.

  • Different exit strategies have varying tax implications. Prime Portfolio Planning can provide you with strategies that can help mitigate taxes and ensure that the business owner’s legacy is preserved.

  • Risk management holds significant value for a business owner due to its critical role in safeguarding the business’s assets, reputation and long-term success. Prime Portfolio Planning can provide you with an analysis that addresses: mitigating losses, business continuity, risk transfer and ownership transfer.

  • Many business owners have a significant portion of their wealth tied up in their businesses. We encourage diversification of assets, reducing the risk of relying solely on the business's success for financial independence in retirement.

  • Prime Portfolio Planning provides benchmarking for your company retirement plan. This allows owners to assess their company’s plan against others in their industry. Benchmarking provides a clear picture of where the plan stands in terms of efficiency, product offerings, price and other key performance metricS. This ensures they have the plan that aligns with the company goals.