New Haven, CT (WTNH) – You might be surprised to hear that there has been a record 31% increase in the number of new businesses that have been formed in Connecticut since COVID 19 hit. Now, if you’re a new business owner, there are some very important financial planning strategies that should be on your radar screen.
CT Style’s Rachel Lutzker was joined in the studio by Ben Fuchs, Founder of Fuchs Financial, to talk about new business owners, and creating a sound financial strategy. The most important thing, Ben recommends, is to create a plan.
Fuchs Financial can guide and help educate clients as part of their practice. In this interview, Ben discusses some of the issues they can help with:
- If you’ve started a new business, and taken on debt to do it, what should you know about debt-to-income ratio, or DTI?
- What about loans? Are bank loans the right answer? Are there other options?
- What are some strategies for deductions to minimize taxes?
- How can Fuchs Financial help small business owners?
- What financial strategies should be on their radar screen?
Fuchs Financial is offering a free booklet on strategies for small business owners, and people can
call or visit their website to get this. (860) 461-1709
Fuchs Financial is offering a FREE, no-obligation consultation, and all you have to do is visit their website to make an appointment. Learn more at www.fuchsfinancial.com
You can also learn tips about retirement online through their virtual-learning center www.fuchfinancial.com/virtual-learning-center/
Disclosure: Investment advisory services are offered through Foundations Investment Advisors, LLC (“Foundations”), an SEC registered investment adviser. The content provided is intended for informational and educational purposes only. The views, statements and opinions expressed herein are those of the individual speaker(s) and not necessarily those of Foundations and its affiliates. The information contained herein does not constitute an offer to sell any securities or represent an express or implied opinion or endorsement of any specific investment opportunity, offering or issuer. Any discussion of performance or returns is not indicative of future results. Each individual investor’s situation is different, and any ideas provided may not be appropriate for your particular circumstances. Foundations only transacts business in states where it is properly registered, or is excluded or exempted from registration requirements. Registration as an investment adviser is not an endorsement of the firm by securities regulators and does not mean the adviser has achieved a specific level of skill or ability. No legal or tax advice is provided. Always consult with a tax professional. All rights reserved.