Businesses are threatened for a number of reasons, including lack of planning, poor management, inadequate funds, downturns in economy, debt overload, or the owner or a key person becoming disabled or dying prematurely.

A financial planner can show cost-effective solutions for many situations that could threaten a small business and the income of the owner. They can provide the business owner with income replacement strategies, retirement planning, business loan protection, buy-sell funding, tax advantaged investing and key person insurance for the loss of a key employee.

Financial planning can be used to protect the interests of a small business owner to ensure the continued operation of the business itself. It can provide security for creditors during a period of change. Proper planning offers assurance that the business can continue even if a key employee or the owner departs or becomes disabled.