How a financial adviser can help your small business

Whether you’re preparing a start-up or managing a small business, you should consider meeting with a financial adviser if you do not already have one.

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If you are new to the idea, the Financial Conduct Authority has an easy, accessible guide to finding an adviser.


So, what services can a financial adviser offer small businesses? If you have not given it much thought, you may be surprised by the number of ways that such a professional can make your life easier, and ensure that you do not breach any legal or regulatory requirements.

You may be too busy with the day-to-day running of your business, and consequently, find it difficult to plan future financial issues. A financial adviser will be able to prepare projections aimed at growing your business, limiting risk and identifying future investments.

With advances in technology impacting on the financial sector, financial adviser software, found at sites such as, is revolutionizing the relationship between client and adviser, speeding up communications and helping with advice to influence day-to-day decision-making.

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In the early days of a business, there are a lot of decisions to make, and by employing a financial adviser, you will be able to lean on the experience of someone who recognizes the path your company needs to take. This will lead to reducing initial costs and moving towards profitability as quickly as possible. You will also free up time to dedicate yourself to other aspects of the day-to-day management of the company.

Advisers will also be able to help to future proof the company in a number of ways. They will have the tools to make your vision a reality and will be able to advise on future technological and market developments in your business sector.

They will also be able to offer advice on business succession, an issue often overlooked by business owners until it’s almost too late.

Your personal finances can also be planned alongside those relating to the business. The two are often closely related. Pension provision, for yourself and members of staff, will also be something you will want to address as early as possible and an independent financial adviser will be able to point you in the right direction and recommend appropriate products.

If you do not have a financial adviser, search for one now.