Banking advice for self-employed professionals

Set your business up for success

When making the leap to self-employment, there are a number of steps to take to ensure your business starts out on the right foot. A professional Business Banking Advisor can help you chart and navigate a financial plan for success. 

Starting your own business could very well be your dream or even the natural progression of your career. Whether you’re an architect, lawyer, dentist, business consultant, physiotherapist, web designer – the list goes on – there often comes a time when you feel ready to spread your wings and become your own boss.
Making the leap to self-employment can feel life-changing. There’s a lot to do in getting a business up and running, while still finding the time to actually do the work that your clients are paying you for.

While you put your focus on finding clients and serving their needs, it’s important that the key pieces of running your business don’t get lost. You may be an expert in your field, but you may not be as well versed in financial matters such as cash flow, credit, investments, wealth and asset protection. In many instances, you may not even realize what it is that you’re missing until it’s too late.

When considering highly specialized matters of law, accounting, and finance, it’s best to look to the experts in their fields to help your business grow as efficiently and profitably as possible. With a hectic schedule and business demands, you may not have the time to sort through the array of resources available or run through a selection process of lining up the service providers that you need. Having a Business Banking Advisor you trust can help you sort it out.

Get to know a Business Banking Advisor

Business Banking Advisors are experts at understanding the financial operations of your business. They can help you with areas such as:

• Cash flow management to ensure you have access to funds when you need them.
• Financing to make borrowing money and planning for repayment of loans easier and manageable.
• Risk management to identify and minimize areas of potential exposure.
• Assembling a business advisory team of experts in insurance, tax, accounting, and law, matching your business with people who have experience in your field or industry.
• Wealth and asset protection solutions to ensure you and your business are covered during any unforeseen events.
• Succession planning to help you plan for the future of your business, ensuring what you’ve built will carry on once you’re no longer involved in the business.

A Business Banking Advisor will sit down with you to review your business plan and your current financial and legal status. Once they have a good understanding of your business and financial profile, they will be able to set up a solid financial framework to support the growth of your business.

Whether you are already running a successful business or are just taking those first few steps to branch out on your own, it’s always the right time to connect with a Business Banking Advisor.

Our BlueShore Financial Business Banking Advisors can help with your business so it gets on – and stays on – the road to success. Meet BlueShore’s dedicated team of Business Banking Advisors or contact us to set up an appointment today.