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4 Reasons Business Owners Need A Holistic Business Advisor

Succentrix Business Advisors is a full-service business advisory company that also provides accounting, bookkeeping, payroll, and domestic and international tax preparation services. Succentrix Business Advisors also offers specialty services that include tax resolution and business valuation.


What is Holistic Business Advisory? It means reviewing your business for the big picture — short- and long-term goals combined — rather than just going day to day or ignoring distant future needs.

Everyone knows running a business takes tireless dedication and commitment, and you may or may not know from experience that having an advisor to collaborate with can help make your job easier. Small business owners are in need of holistic business advisors now more than ever. An advisor that can help focus on small businesses current financial situation and assist with planning for the future. An advisor who provides multiple services that cater to small business owners and who can provide knowledgeable expertise and resources outside your comfort level so you can focus on what you do best.

Here are four reasons why working with a holistic business advisor is a smart choice for your business and how Succentrix Business Advisors can help:


Managing Risk If you have yet to develop a retirement plan for your business, or if you are not sure your chosen plan is the right one, you are most likely missing tax-saving opportunities.

It is critical to prioritize your retirement savings, but offering retirement benefits to your employees has been proven to work as a retention and recruiting tool while simultaneously providing tax advantages and other incentives as a bonus to you as the business owner. A Succentrix Business Advisor can help design a retirement plan for your business, fulfill their fiduciary services to mitigate any risk you might ensue and help select and monitor the performance of your benefits provider. When setting up these plans for yourself and your employees, there are numerous misconceptions about the time and costs and the monitoring and reporting on the savings growth. Our advisors can help you invest now for financial security when you and your employees are ready for retirement.

Operational Support A Succentrix Business Advisors can review your company’s revenue, any internal and external expenses, current debt and more to provide you with a road map like a business financial plan to help improve your company’s overall profitability and day-to-day processes to improve efficiency. As a business owner, you have your strengths and set of job duties. It is imperative to seek outside advice to help prepare contingency plans and operational strategies to maintain profitability.

Succession And Estate Planning Business owners must collaborate with an advisor with experience with estate tax strategies and a succession structure to preserve the value of the business in the event of unforeseen circumstances.

Succentrix Business Advisors can assist you with a proper plan to help clearly transfer your assets to your heirs to avoid unnecessary conflict in moments of grief. Whether you need advice on gifting strategies to pass down assets or a business to your heirs or if you’re looking for tax-saving opportunities— our advisors can oversee and recommend strategies that will not only benefit you as the business owner but whomever you identify as next in line. With everchanging tax law changes, it’s imperative to have a financial advisor who not only understands the ins and outs of business financials but also taxes to ensure you’re not missing any opportunities to save more of what you earn. Unfortunately, we cannot see into the future, but we can plan for it. There are numerous ways to unexpectedly lose a top leader in your business, such as sudden death, illness, market conditions, etc., that can leave your business hurting, or worse—failing. It is important to outline any key leadership roles and responsibilities in your succession plan to keep the company operating. This can be the difference between whether or not your company stays afloat during trying times.

Collaboration Is Critical Whether you are a seasoned business owner or just starting, embrace collaboration and seek outside advice regarding running and growing your business. Our advisors are ready to consult on your complete business financial picture and assist with planning for the future. No matter how focused and experienced you are on your own business, there are opportunities you could be missing without the perspective and knowledge that comes from advising.

The information provided here is not investment, tax or financial advice. Feel free to consult with a Succentrix Business Advisor for advice concerning your small business situation.


SUCCENTRIX BUSINESS ADVISORS "Your full-Service, Cloud-Based Accounting & Tax Professionals." Accounting, Bookkeeping, Payroll, Tax Preparation, Tax Resolution, Business Valuation, Business Advisory


Wehring, Charlene. “Council Post: 4 Reasons Business Owners Need a Holistic Financial Advisor.” Forbes, Forbes Magazine, 5 Aug. 2022,


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