Navigating Financial Waters as a Business Owner

2A Huntsman Place,Asheville NC 28803

13 July, 2022

Description

As a business owner, your company is likely a very significant source of your net worth and income. Creating a plan for your personal finances can be very challenging in this situation particularly as you consider how to achieve more balance both personally and financially. Together, Ken Kaplan and Al Davis have worked with hundreds of business owners facing this challenge. In this session, they will share considerations and strategies for business owners to achieve greater financial and personal balance including: Valuing the business in your personal financial planningDiversification strategies to reduce risk and increase financial rewards to owners (hint: you don’t have to sell!)Financial and lifestyle considerations for exit options including selling all or part of ownership to family, employees, or an external buyerGetting clear on goals for qualify of life as a business owner – now and in the futureThis 90 minute session will include ample time for Q & A as well as a networking session to follow. Registration includes the presentation, Q & A, networking time, and beverages from Hi-Wire Brewing. About the Presenters Al S. Davis, CFP® As Davis Financial Planning’s Senior Financial Planner, Al provides coordinated financial planning to clients who own businesses or have other complex needs. He started the company in 2010 out of a desire to provide a more comprehensive and flexible approach to supporting people in achieving their financial dreams. Al is passionate about financial planning as a tool for people to live a life they love and as a career path for new graduates or career changers. In the financial services industry in western North Carolina since 2000, he began his career as a small business client manager and Asheville senior banking executive for Bank of America working closely with small businesses and their owners. Al has been a CERTIFIED FINANCIAL PLANNER™ since 2007, three years before starting Davis Financial Planning. Ken Kaplan, CPA Ken is the Managing Partner of Kaplan CFO Solutions. Following more than 30 years of experience as a Controller, CFO, and COO —with companies of various size and industries —Ken launched a fractional Chief Financial Officer model, embedding CFO’s into businesses throughout North Carolina, Tennessee, and beyond. Through Kaplan CFO Solutions, Ken has been able to do what he loves most: take the stress of financial management off his clients’ plate. His team of CFOs understand the level of trust they are given through each client engagement, and take their responsibility seriously in building financial foundations for a confident future. Ken and the Kaplan CFO team guide organizations aspiring to reach their next level. Engagements create the sustainable framework necessary for businesses to transition —whether in transition of growth, diversification, or a corporate-sale.