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In a new partnership, clearly defined and understood financial and business plans can be great assets. With plans in place, both you and your partner(s) will have a financial roadmap that you agree on, a plan you can use when making future decisions. You’ll also both clearly understand what you are trying to achieve through the business and the partnership.

A financial plan for you and your partner will help you stay on course and avoid the kinds of obstacles that can challenge the partnership and put strain on the business. A qualified financial planner and advisor with experience in partnerships will be a great asset to your new business.

Building a culture of success inside your company often involves helping employees deal with the day-to-day challenges that can carry over into their working lives. Almost three of every four Canadians are holding large levels of debt1 and according to Statistics Canada, the average Canadian now owes $1.65 for every dollar of disposable income earned.2 There is a very strong link between having a benefits and savings plan and being financially prepared. In fact, individuals with both a workplace benefits and a retirement savings plan are over 50% more likely to be financially prepared than those without plans.3

As a new business owner, you want to keep your good employees and attract the best new candidates in order to plant deep roots and grow your company. There are entry level group benefits and workplace savings programs available that can keep your costs low while making your business an attractive place for workers to start… and stay. Ask your advisor how to make group benefits part of your business plan and regularly review.