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Ken Coulthard, CFP®
Program Manager, Financial Advisor
Southeast Financial Wealth Management
5110 Maryland Way, Suite 100
Brentwood, TN 37027
Phone: 615-371-3737
Fax: 615-377-0090
TollFree: 800-521-9653, Ext 2317
September/October 2025
Team up to Create a Financial Strategy for Your Business
As you know, managing a successful business requires that you focus on all things financial. That's because the bottom line dictates almost everything you can or can't do to move your business to the next level. But creating a solid financial strategy takes time, something that may be in short supply for many business owners. That's why working with a professional planner can help.
The Big Picture
An overview of your company's finances can start you on the right track toward growing your business. Reviewing revenue, assets, capital, inventory, etc., gives you a snapshot of how your business is performing. Understanding the financial health of your business can show you which areas are thriving, and which areas may need attention.Why Use a Professional to Plan?
Having someone you trust to take over your business's finances will allow you to focus on growing your company. A professional planner will know the latest trends that affect how your business is run and help you find ways to cut costs that you may not have considered. Arguably, the most important task a planner can undertake is working with you to create a strong financial strategy that will move the business forward.First Steps
Your first steps should include creating a balance sheet and a cash flow statement. A balance sheet lists your business's assets, debts and liabilities. Subtracting your liabilities from the total value of your assets shows you the net worth of your business.A cash flow statement summarizes the sources and uses of cash in your business. Using data from the balance sheet and cash flow statement can help you project future earnings and determine where you want the company to be in the future. Together with your financial professional, you'll then be able to formulate a plan for growing your business and the steps you'll need to take to work toward your goals.
A financial strategy should also include tax and retirement planning and options for managing risk. Your financial and tax professionals can be a valuable resource.
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Ken Coulthard is a financial advisor with, and securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Southeast Financial Credit Union and Southeast Financial Wealth Management are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Southeast Financial Wealth Management, and may also be employees of Southeast Financial Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of, Southeast Financial Credit Union or Southeast Financial Wealth Management. Securities and insurance offered through LPL or its affiliates are:
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