Video Series - Mistakes Business Owners Make And How to Avoid Them

Business Strategy | Small Business Planning

 Sara Gelsheimer By: Sara Gelsheimer

Starting a business can be overwhelming. Part of ensuring that you're poised for success is having a Certified Financial Planner at your side to make sure you've covered every aspect and protected yourself and your business to the fullest extent. Having the right financial advisor by your side means having a proactive partner who works with you to guide you towards achieving your business goals.

Senior Wealth Manager, Sara Gelsheimer created this video series which walks through the 5 common mistakes business owners make, and advises on how to avoid them.

#1. No Worst-Case Scenario Plan

#2. Bad Cash Flow Management 

#3. No Risk Mitigation

#4. Independence

#5. No Retirement Plan

Choosing an advisor that provides comprehensive financial planning — not just investment advice — can help organize and protect your business. 

Perhaps most important of all, hiring a professional frees you up to focus on the day-to-day operations of running and growing your business.

Next Steps:

Are you a Plancorp client?

If you're not sure where to start, reach out to your Wealth Management team

Not a Plancorp client? No problem.

Would you like assistance in determining where you can better organize your finances, especially if you're building your Financial Plan. Complete this simple 9-question Financial Analysis to get personalized guidance on areas in your finances to get organized.

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Already have an advisor?

Whether you already have an advisor or may be evaluating options, this complimentary eBook will help you evaluate your current situation, consider what might be missing and share insight on what you should expect from your financial team. We also invite you to check out our blog posts on Questions to Ask Your Financial Advisor and How to Find a Financial Advisor That Works for You.


This material has been prepared for informational purposes only and should not be used as investment, tax, legal or accounting advice. All investing involves risk. Past performance is no guarantee of future results. Diversification does not ensure a profit or guarantee against a loss. You should consult your own tax, legal and accounting advisors.

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Sara came to Plancorp in 2013 with a strong financial background and an even stronger commitment to financial education—particularly for women. A Wealth Manager and Founder of InspireHer (Plancorp's Women's Initiative), Sara is also a new mom. More »