A financial wellness checkup is perfect any time of the year and is an opportunity to realign your financial strategy with your evolving business goals. It’s wise to schedule recurring time with your dedicated Stellar banker to help you and your business achieve your strategic goals and objectives. Make the most of your financial planning session by considering these key discussion points:
-
- Review the past to drive the present – This is the first step and will influence your choices over the next year. Review the last year of financial performance including your business sales, budgets and market performance. Use this information to identify your new year financial targets, including the key metrics that will drive business objectives. This information will support the strategy to accelerate and drive growth in the next fiscal year.
- Accelerate Business Growth – Take a strategic look at your business's evolving needs for the next year. Forecast the supply requirements to meet projected demand. Evaluate if your current facility can accommodate planned staffing increases. Invest strategically in tools, technologies, and resources critical for growth. Your Stellar banker can help identify tailored financing options that align with your budget and business objectives.
- Navigate the competitive landscape – Stay ahead of the competition that influences your business and financial goals. Your Stellar banker can be a valuable resource to keep you abreast of key financial baselines in your industry.
-
Review and adjust your financial blueprint – Whether running a large corporation or a small business, a well-structured budget is your roadmap to success. Periodically analyze and optimize your budget based on growth progress. A dynamic budget optimizes your cash flow, identifies growth opportunities, and minimizes your professional debt.
- Optimize your debt strategy – One in four U.S. small businesses depends on credit cards and payment plans as part of their financial strategy. When used effectively, credit cards can be a powerful tool to help grow your business. Your Stellar banker can discuss with you the right ways to use credit cards and explore bank-sponsored flexible financing options.
-
Meet regularly with your banker - Schedule recurring check-ins with your banker to track progress, measure results, and adjust your strategy. Stellar bankers have deep expertise in the local market and can suggest additional strategies to help you reach your goals. We are committed to supporting your business' success.
Connect with a Stellar banker for to discuss tailored business solutions.