Managing a business can be demanding. Business owners must be able to wear multiple hats, as well as delegate and switch gears on a moment’s notice. It seems there’s never a shortage of things to do, which is why many business owners welcome Joe Bonnett’s experience. Here are some areas where he can help:

RISK MANAGEMENT: Risks vary from business to business, but identifying and assessing risks is critical to finding solutions.

INVESTMENT MANAGEMENT: Business owners are experts with respect to their products and services. But they may not have time to research and choose appropriate investments.

RETIREMENT PLAN DESIGN: “Off the shelf” solutions generally ignore the needs of businesses. Yet, retirement plans can be an important part of your employees overall pay package and may be more cost effective than raising salaries. They just need to be tailored to your company.

EXECUTIVE COMPENSATION: It’s important to retain key people. Bonnett Wealth Management can help set up a variety of incentive plans, including phantom stock plans and supplemental executive retirement plans.

SUCCESSION PLANNING: Many private companies have multiple family members and several generations of family working in the business. This can bring special challenges that require the help of succession planning specialists.

EXIT STRATEGIES: Your business represents a large portion of your total net worth, so it’s important to plan for selling or gifting it. Exit plans, however, can get complicated, necessitating the use of a network of specialists who can find good solutions.