The Business Builder
You've Built The Business. Now Build Wealth Beyond It.
Your business may be your biggest asset, but it shouldn’t be your only plan. At Alman Partners, we help business owners separate personal wealth creation from business performance.
Let’s meet Andrew: The Business Builder
Age: 51 | Location: Mackay
Occupation: Civil Construction Business Owner
Business Profit: $1.1m p.a. | Personal Net Worth: $3.2m
Current Situation:
Successful Business | Irregular personal investing | Relies heavily on future business sale value | Strong cashflow but limited diversification | Has accountant, lawyer and banker operating separately
Biggest Concerns:
Business concentration risk | Limited personal wealth outside the business | Asset protection | Succession planning | Retirement readiness | Cash built up inside business
What He Wants:
- Wealth independent of the business
- Financial security for family
- Clear succession strategy
- Exit planning years before retirement
“Most of my wealth is tied up in the business, so selling the business is probably my retirement plan.
I know my business inside out, but not necessarily my personal finances.”
Business owners face unique financial challenges that extend far beyond running the business itself. Professional financial advice can help you manage cash flow, build personal wealth, reduce concentration risk, protect your assets, and prepare for future succession or retirement. With a coordinated strategy and ongoing guidance, business owners can make more informed financial decisions and create greater certainty for themselves, their families, and their future.
How Alman Partners can support you & your business
Build personal liquidity and financial flexibility
Many business owners reinvest heavily into their businesses, often at the expense of their personal financial position. We help you create a strategy that supports both business growth and personal financial security by building adequate cash reserves, managing debt effectively, and establishing investment strategies outside the business.
Our goal is to help ensure you have the financial flexibility to navigate changing business conditions, seize opportunities, and maintain confidence during periods of uncertainty.
Coordinate strategies alongside your accounting team
Effective financial planning works best when your advisers work together. We collaborate with your accountant and others in your professional circle to ensure your wealth, superannuation, investment, and retirement strategies align with your broader financial objectives.
By taking a coordinated approach, we help you make informed financial decisions while ensuring your personal wealth strategy complements your business structure and long-term plans, helping you achieve your True Wealth.
Diversify wealth rather than relying solely on an eventual business sale
For many business owners, the business is their largest asset. However, relying entirely on the future sale of the business can create significant concentration risk.
We help business owners progressively build wealth outside the business through diversified investment strategies, managed portfolios, superannuation planning, and other appropriate structures. This creates additional financial security and helps reduce dependence on a single future outcome.
Protect personal and family wealth structures
Growing wealth is important. Protecting it is equally critical.
We work alongside your legal and accounting professionals to help ensure assets are held in appropriate structures and supported by effective risk management strategies, along with reviewing your succession considerations, and family wealth objectives to help safeguard what you’ve worked hard to build. We will also incorporate insurance specialists to ensure you are adequately protected with personal insurances.
Prepare years before a business transition
Successful business exits rarely happen by accident. Whether you’re planning to sell your business, transition ownership to family members, or prepare key staff to take over, early planning can make a significant difference.
We help business owners develop a clear roadmap for succession, retirement, and life after business ownership. By preparing well in advance, you can maximise your options, improve financial outcomes, and transition with greater certainty and confidence.
A successful business can create significant wealth, but relying solely on it for your future can leave you vulnerable if circumstances change.
Business Owner Financial Health Check
How Financially Prepared Are You Beyond Your Business?
Business Owner Financial Health Check
Business Owner Risk Radar
Identify Risks You Can’t See
Rate each area from 0 (needs attention) to 10 (well prepared), then view your risk radar.
Your personalised radar will appear here after you rate all seven areas.
An educational reflection tool, not personal financial advice or a measure of investment risk.
Build Wealth With the Same Intentionality You Built Your Business
Strategic advice to help business owners grow, protect and transition wealth.
Frequently Asked Questions
Business owners often focus heavily on growing their business, but personal wealth, retirement planning, tax efficiency, and risk management can be overlooked. A financial adviser can help you align your business success with your personal financial goals, ensuring you build wealth both inside and outside your business. Professional advice can help you make informed decisions about investing surplus cash, managing debt, protecting your family and business, preparing for retirement, and planning for an eventual business sale or succession. The goal is to create a clear strategy that supports both your business and personal financial future.
Cash flow resilience is the ability to withstand unexpected events without significantly impacting your lifestyle or business operations. A financial adviser can help business owners create financial buffers, manage debt effectively, build emergency reserves, and establish investment strategies that improve financial flexibility. By analysing both business and personal finances, an adviser can identify risks, reduce reliance on irregular business income, and ensure you have access to capital when opportunities or challenges arise. This can provide greater confidence during market downturns, economic uncertainty, or periods of changing business performance.
Relying solely on your business to fund retirement can create significant risk. Business valuations can change, market conditions may affect buyer demand, and not every business owner achieves the sale price they expect. Building wealth outside your business through superannuation, investments, or other assets can provide greater financial security and flexibility. A diversified approach helps reduce dependence on a future business sale and may improve your retirement outcomes regardless of what happens to the business.
There is no single amount that suits every business owner. The right investment strategy depends on factors such as your cash flow, profitability, growth plans, tax position, risk tolerance, and retirement goals. Many business owners reinvest heavily into their business, but concentrating all wealth in one asset can increase risk. Investing outside the business can help diversify your wealth, create additional income streams, and build assets that are not dependent on the success of your business.
Business and personal financial decisions are closely connected. Integrating the two involves creating a strategy that considers business income, investments, superannuation, tax planning, debt management, insurance, succession planning, and retirement objectives together. A financial adviser can work alongside your accountant and other professional advisers to ensure decisions made within your business support your broader personal wealth goals. This integrated approach can improve financial efficiency and help you achieve a more coordinated long-term plan.
The best use of surplus business cash depends on your business needs and personal goals. Common options include reinvesting in the business, reducing debt, building cash reserves, contributing to superannuation, investing in diversified portfolios, or funding future business growth initiatives. A financial adviser can help assess the trade-offs and identify strategies that balance liquidity, growth opportunities, tax efficiency, and wealth creation. The right approach ensures surplus cash is working strategically rather than sitting idle.
While financial advisers can work closely with your accountant to help structure your financial strategy in a tax-aware and efficient manner. This may include reviewing investment structures, superannuation contributions, cash flow strategies, debt management, business succession arrangements, and wealth transfer plans. By coordinating financial decisions across your business and personal affairs, a financial adviser can help improve overall financial efficiency, reduce unnecessary complexity, and ensure your strategy aligns with your long-term objectives.
The best time to begin succession planning is often earlier than most business owners think. Ideally, succession and exit planning should start at least three to five years before a planned transition, although earlier planning can provide greater flexibility and better outcomes. Effective succession planning goes beyond identifying who will take over the business. It includes preparing the business for transfer or sale, understanding your retirement funding needs, managing taxation implications, protecting family wealth, and ensuring a smooth transition for staff, clients, and stakeholders. For family businesses, intergenerational wealth planning is also critical to help preserve assets, manage family expectations, and facilitate the transfer of wealth to future generations. A financial adviser can help coordinate succession and exit strategies while ensuring your personal financial future remains secure before, during, and after leaving the business.
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