Planning for Your Financial Future as a Small Business Owner with Ariel Ward

In this episode, we delve into the world of financial planning as a solo business owner. Our guest, Ariel Ward, is experienced in helping small business owners navigate the complex world of finance to make smart decisions that ensure both personal and business success. With a focus on providing permission, managing risks, and strategic planning, Ariel explores timely topics like business budgeting, retirement planning, insurance, and estate planning. She also sheds light on the challenges faced by business owners around paying themselves, investing in their business, and finding balance between business growth and personal financial goals. Join us for insight on how to navigate the financial landscape of being a solo business owner! For additional resources, information, and a full transcript of the episode, visit our website. To access our podcast disclosure information, visit this page.  What You'll Learn in this Episode: Balancing paying yourself, contributing to retirement plans, and investing in the business How Ariel guides clients through tough decisions The importance of tracking business spending, analyzing returns, and making strategic decisions How to contribute to your retirement savings and get your kids involved, too Finding the balance between business and family needs Why you must monitor return on investment (ROI) as you forecast business growth Insurance policies all solo business owners should have Things to think about when creating your business structure Who you should have on your team to keep business growth on track What to consider around using a line of credit to grow your business Resources Mentioned on the Show: Retirement Plans for Self Employed People 5 Ways Business Owners can Protect Themselves Financially by Ariel Ward I'm Self Employed. How Do I Save for Retirement? by Ariel Ward The Financial Archetype Quiz Stay Connected: Connect with Ariel Ward on LinkedIn or reach out to her at [email protected] Join the Abacus community by connecting with us on Facebook, Twitter, Instagram, and on LinkedIn Connect with Mary Beth on Twitter, Instagram, and on LinkedIn Connect with Neela on Twitter, Instagram, and on LinkedIn