Some of you who are newer to Sage Wedding Pros may not have read all of the posts from our earlier days. There’s some great info on here, if I may say so myself. Weekly, I’ll have a little round-up of the week’s posts from one year ago.
A year ago this week, we talked about protecting yourself financially. We also presented a Industry Insider, Whitney Speir, Co-Owner of Brown Sugar Design.
Protecting Yourself: The Emergency Savings Plan
Small business owners are so very passionate about their work. They put all of their energy into their operations. However, I get a little scared when I see these hard-working people not safeguarding their personal needs and assets. Even though you don’t have the benefits offered to you by an employer, you should have a savings plan, a retirement plan, an insurance plan, and financial professional to help you with these.
This week, we are going to focus on the safeguarding of your “now”, your future, your well-being, and your sanity… in other words… your personal financial plan.
Protecting Yourself: The Retirement Plan
Stacy Willoughby, Financial Advisor for Waddell & Reed says “It’s easy when you are working for a large company to contribute to a retirement plan that they have set up. It doesn’t have to be that different when you are in business for yourself. Actually, you have more choices available to you as the business owner. You can choose the investment company, level of service, and type of retirement plan that works best for you.”
Protect Yourself: Insurance for the Small Business
There are a number of crazy things that can happen to you and your business. We could play the “what if” game for hours but the bottom line is that you need to be properly insured to make certain that no one sues your pants off and to protect yourself from a catastrophic event. This is as important for home-based businesses as it is for owners of businesses that have an office or retail space.
Protect Yourself: Working with a Financial Professional
You are a professional and expect engaged couples to hire professionals. Why wouldn’t you do the same for your personal finances? This goes along with the idea that you would never operate on yourself because you are not trained to practice medicine. Why would you try to manage your personal finances if you haven’t had this training?
Insider to Insider: Whitney Speir, Owner Brown Sugar Design
A few weeks ago I wrote about knowing your competition. I told you to hug your competitor because he or she can be your greatest ally in knowing the specific niche for your business. This week, I introduce to you one of my FAVORITE competitors: Brown Sugar Design. Whitney and Jonathan Speir are co-owners of the invitation business and their work is exquisite! They have elegance and beauty in everything they produce. And they are really sweet too… sorta like brown sugar. Here’s my interview with Whitney… enjoy!
by Michelle Loretta
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