Financial Planning for Business Owners
Running a business is no small feat—you’ve got cash flow to manage, taxes to navigate, and your own future to think about. At Lucent, we are here to help you secure your business and personal wealth with financial planning that actually works.
Financial Planning for Business Owners Across the Midlands
When it comes to financial planning, business owners across the Midlands may find themselves caught between their personal and professional worlds. At Lucent, we get it. That’s why our financial planning service is built specifically for hard-working entrepreneurs like you, ensuring that your personal and business finances are seamlessly aligned.
From optimising tax to planning your exit strategy, we’ll help you grow, protect, and transition your wealth without the usual headaches.
Are Financial Worries GivingYou a Bad Night's Sleep?
Let’s face it: being a business owner comes with its fair share of financial challenges. If you’ve ever found yourself wondering how to balance your business and personal finances, or how to plan for the future while juggling day-to-day operations, you’re not alone.
Here are some common struggles we often see:
Balancing Personal and Business Finances
It’s tricky to make your business work for you personally without creating a tangled mess of taxes, investments, and savings.
Exit or Succession Planning
Whether you’re selling or passing the reins to someone else, not having a plan for your business exit could mean financial uncertainty when it’s time to retire.
Tax Juggling
Personal taxes, corporation tax, VAT—it’s enough to make your head spin, especially when you’re trying to make sure both your business and personal finances are tax-efficient.
Lack of Protection
Without key person insurance or income protection, your business could be in hot water if something unexpected happens to you or a crucial team member.
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Why Ignoring These Problems is a Recipe for Trouble
If you don’t tackle these issues head-on, you could end up paying for it later—literally. Here’s what could go wrong if you don’t get your financial planning sorted:
1. Missed Wealth-Building Opportunities
If your personal and business finances aren’t working together, you could be missing out on ways to grow your wealth or cut down on taxes.
2. Retirement Blues
Without a clear exit plan, you might find yourself working longer than planned or scrambling to figure out how to generate income once you step away from the business.
3. Higher Tax Bills
Without smart tax planning, both your business and personal finances could take a hit, leaving you with less to invest, save, or enjoy.
4. Business Vulnerability
If you don’t have the right financial protection in place, one unexpected event could spell disaster for your business, causing operational and financial strain.
Lucent’s Holistic Approach toBuilding Your Financial Plan
At Lucent, we take a holistic approach to financial planning, specifically designed for business owners.
Our goal? To make sure your business and personal finances are working together in harmony, so you can focus on growing your wealth and securing your future.
Here’s what's included in your financial plan:
Retirement Planning & Pensions
Whether you’re selling your business or passing it on to family, we’ll help you create a retirement plan that makes sure you’re financially secure. Business proceeds, pensions, investments—whatever it takes, we’ll help you figure out the best way to live comfortably in retirement.
Inheritance Tax & Estate Planning
We know how important it is to keep your legacy intact. Our estate planning service helps you integrate your personal and business assets, using trusts, business relief, and gifting strategies to make sure your wealth is passed on tax-efficiently.
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Investment Management
Growing your wealth isn’t just about business—it’s personal too. We’ll create an investment strategy that aligns with both your business and personal goals, so whether it’s surplus cash from the company or personal funds, your investments are working hard for you.
Cashflow Modelling
Need a clearer picture of how your finances will evolve? Our cashflow modelling tools give you a view of your business and personal finances over time, helping you plan for key milestones, like business expansion, selling the company, or retiring in style.
Tax Planning
We’ll craft a tax strategy that optimises both your personal and business tax liabilities. From structuring your income efficiently to using pension contributions and business relief, we make sure you’re not handing over more than you need to.
Financial Protection
Your business is your baby, so let’s make sure it’s protected. We help you set up key person insurance, income protection, and life insurance to ensure your business keeps running smoothly, no matter what.
Key Features of Our Financial Planning Service
Running a business is demanding—your financial plan should work as hard as you do. Our holistic approach covers everything from tax efficiency to succession planning. With tailored advice, ongoing support, and financial wellness guidance, we’ll help you secure both your business and personal future.
Here’s some extra features that come as part of our service:
Comprehensive Planning
We cover both your business and personal finances, making sure everything fits together to support your overall wealth-building strategy.
Tailored Solutions
Your business is one-of-a-kind, and your financial plan should be too. We tailor everything to suit your specific circumstances and goals.
Future-Proofing Your Wealth
Whether it’s planning for a business exit or retirement, we’ll help you develop strategies that not only grow your business but also prepare you for what comes next.
Financial Wellness
We know money causes stress. So that’s why our financial gives you complimentary access to wellness specialists to untangle the emotional knots that keep you awake at night.
A Simple, Straightforward Approach to Financial Planning
Financial planning doesn’t have to be dull or overwhelming. Planning for your future should be exciting, and we make sure that it is.
At Lucent, we keep things simple, engaging, and—dare we say—fun! It all starts with a relaxed conversation about you—your plans for your business, and your aspirations for the future. No jargon, no hard sell—just a clear, personalised plan to help you live life on your terms.
Here’s how our process works:
1. Getting to Know You & Your Business
We’ll outline how we work, understand your goals, finances, and risk attitude, and explain our terms of engagement—giving you complete clarity on the process from the start.
2. Building Your Bespoke Plan
We’ll craft a personalised life plan tailored to your goals, with detailed financial forecasting and recommendations—all based on our first meeting. There’s no cost for the plan at this stage.
3. Presenting Your Financial Plan
We’ll walk you through your personalised financial plan, explaining strategies, tactics, and costs. If needed, we can explore alternative scenarios and make adjustments to ensure it aligns with your goals.
4. Conducting the Research
We dive deep to build a strong financial plan tailored to your goals. Our research ensures your money works for you, and we decipher the small print to avoid any surprises.
5. Ongoing Support & Review
our ongoing service keeps your plan on track. We monitor products, adjust as needed, update you on fund performance and legislation, and help you stay focused through market fluctuations.
A Bespoke Financial Plan for a Fixed Price of £3,000
At Lucent, we believe great financial planning advice should come with straightforward pricing—no hidden fees, no nasty surprises.
Why Choose Lucent for Your Financial Planning?
Our financial planners, with the support of our wider team, work tirelessly to ensure our clients receive the highest standards of advice and care. We are proud of the reviews we receive on third party sites.
What Our Clients Say
We’ve helped hundreds of clients in Birmingham and across the Midlands achieve financial peace of mind, freedom, and happiness.
Here’s what a few of them have to say...
"Kate has made everything so clear and easy to understand and has put together a retirement and pension plan that supports my future wishes and ambitions."
"I'm really happy with their service! They took the time to understand my unique situation and goals, ensuring every recommendation aligned perfectly with my needs."
"From the very first moment of meeting, we were made to feel so welcome. We felt so relaxed and at ease. We felt staff were honest and trustworthy and talked in a way we understood."
"Steve understands our objectives, listens to our needs and what we require. He advises us how to best achieve our goals and encourages us to go ahead with our retirement. We are very happy with the current progress."
"Our primary concern was getting our pensions in order, Kate took a different approach and asked what we wanted from our retirement. This wasn't just financial planning, this was lifestyle financial planning."
"We have used Lucent for several years and found them outstanding advisors. Steve Rowe is an outstanding example of how a brilliant advisor can turn around even the most sceptical client."
"Keely has been excellent in explaining so we clearly understand our pensions and investment options. The outcome has exceeded our expectations, the service we have received from Keely Woods has been exceptional."
"We have been with Steve for over 10 years. We have got to treat him as a friend now. Steve has guided us through some tough times on the way to retirement, we have always trusted his judgement."
"Steve has also stepped in with advice that has saved a significant amount in taxation over the past year and helped me in readiness for retirement."
"Luke has listened and understood our needs and provided very thorough explanations of our options to enable us to make a very informed decision."
"From the very first moment of meeting, we were made to feel so welcome. We felt so relaxed and at ease. We felt staff were honest and trustworthy and talked in a way we understood."
"Steve I would like to thank you for your support, understanding and advice. You have provided us with clear and concise details enabling us to make informed decisions."
"They're Very Approachable"
Solihull businessman Tim was looking for a financial planner that was down-to-earth and could explain things in laymen's terms. Hear why Tim chose Lucent.
Ready to align your business success with personal wealth?
Lucent’s expert financial planning service for owner-managers is designed to help you make the most of your business and personal wealth. Contact us today for a free consultation, and let’s start securing your future.
- Do you want to align your business success with your personal financial goals?
- Are you looking for strategies to maximise tax efficiency as a business owner?
- Do you need help managing both business and personal wealth to secure your financial future?
- Are you interested in planning for a business exit or succession that aligns with your long-term objectives?
If you answer yes to the above, get in touch.
FAQs
Financial planning involves setting life goals, assessing your financial situation, and creating a strategy to reach those goals. It includes reviewing your income, expenses, assets, and liabilities to develop effective saving, investing, and money management strategies.
Financial Planners work with you to understand your financial and life goals and develop strategies to achieve them. The time to call for their advice is when need to make a complex financial decision or when you face a major life event such as marriage, the birth of a child, planning for retirement or the death of a loved one.
Business financial planning integrates your personal and business finances to ensure tax efficiency, sustainable investment growth, and long-term financial security.
We help you develop an exit or succession plan that aligns with your retirement goals. Whether you want to sell your business or pass it on, we ensure the transition is smooth and tax-efficient.
Key person insurance protects your business from financial losses if a key employee or owner is unable to work. It ensures that your business remains operational even if something unexpected happens.
If you don’t give us all the information, you’ll get a plan with holes in it. We need that information understand the extent of the problem, when we know that, we can plan effectively.
We offer most value to people with £500,000 in wealth (excluding physical property) or higher incomes.
Approximate guesses are fine. Numbers change daily anyway, so a rough idea is fine.
If you want to use your business to help you personally, then you will need to get agreement from other company directors. We find if more than 4 different directors, then their expectations are not aligned so is difficult to get agreement amongst you all. So it is best if you are all involved, but not a requirement. It depends how much control you have within the business to make decisions on payments / finance etc.
Once a year as a minimum, but we are open to you whenever you need us.
Depending on the complexity of your financial affairs, we can build your financial plan within a couple of weeks to a month.
Preferably, but we are also available on video call.
Still have questions?
If you've got a question we haven't answered, we'd love to hear from you.