WealthBeing
WealthBeing
Oct 14, 2020
Ep. 38 – Banking on your business: advice for owners and entrepreneurs, with Leslie Dheensaw
Play • 25 min

Being in charge of your own business means you’re also the boss of your own financial health. For owners and entrepreneurs – and anyone thinking about a new business venture – a traditional financial plans won’t be enough to build wealth. This week, Travis and Derricktalk to Leslie Dheensaw, Commercial Banking Advisorat Island Savings, about strategies to make and manage money as a business owner. 

1:00Money Problem:Travis’ friend Kurt had a big dream of owning his own business in Victoria, but wasn’t financially prepared to set-out on his own. 

2:50Expert Examination:Derrick, Travis and Leslie reveal the financial factors that help a business person thrive after the nine-to-five: 

  • How the type of business you own affects your financial choices. 
  • Earning an income thorough your business. 
  • Is key person insurance a necessity? 
  • Choosing the business structure that will protect your financial future. 
  • Tips for profitable partnerships. 
  • Funding your first steps as an entrepreneur. 

23:40–Weekly Financial Fix:With a little inspection, Travis’ tip this week will help business owners maximize their profit.. 

 

If you have an undiagnosed financial concern or want to better understand a financial subject, send Travis and Derrickyour question at islandsavings.ca/wealthbeing, or at wealthbeing@firstwestcu.ca, and we will consider it for a future episode. 

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