Northwestern Mutual

Business Growth

Learn what financial planning strategies to consider as you grow your business.

Business Growth Strategies

As your business grows, your product line or service offerings are probably diversifying. You may be adding staff and—like many business owners—you may find it challenging to recruit and retain the best and brightest minds. You may also be bringing in partners and have concerns about allocating assets.

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At this stage in your business’s life cycle, consider the following financial planning strategies:

  • Risk Management: Review and update business plans you've made to protect yourself and better ensure business continuity.
  • Employee Benefits: Offer a qualified retirement plan and personal financial planning for all employees. Enhance your program with additional benefits to attract and retain key employees.
  • Business Succession: Take steps to calculate your business's value, choose a new owner and prepare a buy-sell agreement, which is a document that facilitates the smooth transition of ownership between you and a partner or key employee who will succeed you.
  • Personal Planning: Review and update your plans and coverage to help ensure you and your family are financially secure.

More on This Topic

Click the links below for more information.

  • Planning for the Success of Your Business

    Planning for the Success of Your Business

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  • Vision: Valore Partners Story

    Vision: Valore Partners Story

    Hear how Tim Bauer, Managing Partner with Valore Partners, kept his growing business on track when health concerns arose.

  • Forward Thinking

    Forward Thinking

    Meet entrepreneur Shaun Silva, who saw an opportunity to branch out his business and built a team to help him create a plan.

  • Feeling More Secure

    Feeling More Secure

    Hear why Kevin Harberts, owner of Kryton Engineered Metals in Cedar Falls, IA feels more financially secure than he did 20 years ago.

  • Group Disability Income

    Group Disability Income

    Learn how you, your employees and your business can benefit from group disability insurance.

  • Business Succession

    Business Succession

    To ensure your business passes successfully to its next owner, it’s important to begin planning now.