Menu

Financial Planning and Coaching

Why Entrepreneurs Need Financial Coaching and Plan Development

Financial coaching and developing a comprehensive financial plan are essential for entrepreneurs for several reasons:

1. 82% of businesses fail due to cash flow problems, according to a U.S. Bank study. Having a solid financial plan in place helps manage cash flow effectively and avoid these pitfalls.

2. A report by Guidant Financial in 2020 revealed that 63% of small business owners cite financial management as one of their biggest challenges. Professional financial coaching can provide the guidance needed to overcome these challenges.

3. 30% of small businesses consider lack of strategic planning to be a major reason for business failure, according to a study by the Small Business Administration. A well-structured financial plan can ensure that entrepreneurs are making informed decisions for long-term success.

4. According to the Federal Reserve, nearly 50% of small business owners apply for financing every year, and many struggle to get approved due to poor financial planning and weak credit. Financial coaching ensures you are prepared when seeking funding.

How Next Generation Wealth Can Help

At Next Generation Wealth, we specialize in financial coaching and plan development tailored specifically to entrepreneurs. With our help, you can:

Create a clear, actionable financial plan to manage cash flow, expenses, and profits, ensuring your business grows sustainably.

Understand the balance between personal and business finances, making sure you're paying yourself appropriately while reinvesting in your business.

Gain valuable insights on debt management and investment strategies to fuel long-term growth.

Take advantage of tax-saving opportunities, ensuring your business operates as efficiently as possible.


Our coaching is designed to give you the confidence and knowledge to make smart financial decisions, overcome challenges, and build lasting financial success for both your personal life and your business. Let’s work together to secure your financial future and take your business to the next level.

BOOK AN APPOINTMENT