How Owner-Managed Businesses Will Lead The COVID-19 Economic Recovery

In the financial planning architecture at Fi Plan Partners, we have many clients and friends that are involved in owner-managed businesses. With that being said, we must have an extremely high order of expertise in this area. In this vlog, you will hear from our Managing Director, Bobby Norman, and Ashley Page, the head of our Business Consulting team, which guides our business owner clients in any type of business transition whether it’s a purchase, sell, or property improvement.

Here are the 6 topics that are discussed in this vlog:

1. Around 99% of U.S. businesses have less than 500 employees 
2. Owner-managed businesses are responsible for 50% of all U.S. employment
3. They make up 40% of all U.S. revenue
4. These businesses are responsible for 50% of U.S. GDP
5. They’re typically more flexible, and effective, at adapting to the “new normal”
6. Owner-managed businesses are very community-oriented, both with loyalty to employees and with charitable giving

Coming out of the backside of the pandemic it is going to be crucial in the United States for owner-managed companies to lead us out. This vlog proves that these types of businesses are important in a time like now.

If you are a business owner or you know someone that is and have an interest in hearing about how other business owners are implementing their strategies and what is working, please reach out to us. We would love to hear from you and help you on your journey!

 

Bobby Norman, CFP®, AIF®
Managing Director
Wealth Consultant
Email Bobby Norman here

Ashley Page, JD, MBA
Senior Vice President
Wealth Consultant
Email Ashley Page here

 

Fi Plan Partners is an independent investment firm in Birmingham, AL, serving clients across the nation through financial planning, wealth management and business consulting. Fi Plan Partners creates strategies in the best interest of their clients using both fee based investing and transactional investing.

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.

Economic forecasts set forth in this presentation may not develop as predicted.

No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.

Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.

#463 Behind the Scenes #462 Economic Update