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.

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.

  • 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.

  • Providing an Emergency Lifeline

    Providing an Emergency Lifeline

    Learn how entrepreneur John Sheaffer kept his business afloat during tough times.

  • Grow and Protect the Value of Your Business

    Grow and Protect the Value of Your Business

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

  • Protecting Income

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    Protecting Income

    Learn how to help your employees and you protect your most valuable asset – the ability to earn an income.

  • Achieving Retirement Readiness

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    Achieving Retirement Readiness

    Learn about choosing a retirement plan that can impact the financial well-being of your business and employees.

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    What's Your Business Worth?

    What's Your Business Worth?

    Find out the five steps to a favorable valuation.