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How Can Entrepreneurs and Executives Prioritize Their Financial Objectives?

Everyone strives to be successful in their careers. You may spend long hours working hard to ensure the success of the company you work for or the one you’ve created. Success, however, is not only about what you produce at work and what you earn from that. Giving time to establish goals for your financial future will help you maintain financial security for the long-term. 

More often, career professionals work hard every day. They relate their income and future wealth to the compensation they receive from their jobs. There’s nothing wrong with it. However, if they want to achieve financial independence, they also must plan to maximize whatever they gained from their work for the betterment of their economic position.

Our collaboration with entrepreneurs and executives help us realize that although they may have different jobs and responsibilities, many of these individuals hurdle the same problems day in and day out. They are aware of the issues and in constant search for solutions to their dilemmas. No matter how highly successful these people are, many of them don’t give enough time and attention to the financial aspect of their lives.

Unfortunately, the unpredictability of life makes these career professionals unprepared for a specific threat that can wreak havoc to their finances. This threat may be a personal health problem, a company slowdown, or an economic slump. Also, they may encounter all these issues simultaneously. If such events happen, is there something that they can do?


Executives and entrepreneurs must maximize the compensations they earn from their craft. Maximization of benefits is crucial for them so that they can make full use of such rewards even at the start of their careers. Financial advisors advocate and assist them in planning, negotiating, renegotiating, and understanding the essential provisions of their employment agreements.

For example, a financial advisor can help entrepreneurs and executives in areas such as fixed and incentive bonuses, exclusivity, and changes and assignment of control, among others. In various cases, the income and forthcoming wealth of these executives pertain to the remuneration they receive. These individuals need planning to maximize their gains while reducing the risks related to having excessive wealth concentrated in one location. As they say, “Don’t put all your eggs in one basket.”


Goal setting is significant because it provides a way for the career professional to concentrate and structure his decisions for short-term and long-term ventures. Moreover, it allows him to design a scheme for the management of his resources. An investment portfolio has an excellent framework if the individual adheres to the following process:

  • creating and setting realistic goals
  • establishing return-on-investment objectives
  • diversifying the investment portfolio to manage risks and monitoring the performance of the investment

Moreover, the mechanism must include vital elements such as:

  • designing a policy statement for the investment
  • evaluating risk factors
  • establishing a suitable asset allocation
  • picking the appropriate investment vehicles
  • tracking and adjusting the investment portfolio, as needed


They are integral to the pillars of tax planning and for others. Reducing taxes is possible through conscientious and forward planning while fulfilling the tax burden. However, tax planning is a progressive, constant, and broad-based process. For estate planning, we are cautious about the two universal myths:

  • Planning your estate is only about taxation
  • It is only for the sick and elderly

A financial advisor advocates the principal goals of estate planning as complicated and essential for the wealth preservation of the career professional and his family. Aside from tax mitigation, an astute estate plan recognizes the systematic distribution of properties, continuity of income, asset protection, philanthropy, and security of the beneficiaries. Busy individuals find it challenging because they need to find time to concentrate on the management needs of their wealth. Aside from focusing intensely on the prosperity of their companies, they also must protect and plan for their financial well-being.

The setting of financial objectives is significant in the life of executives and entrepreneurs. As they continue to help the companies achieve success, they must also prepare for their financial freedom. Because of their busyness, they often neglect to plan for the achievement of their monetary independence. At the onset, they must have someone to help them interpret and negotiate their compensation contracts and prepare for tax and estate planning. To speak with us about your financial goals, you may contact us via phone or email.

Paces Ferry Wealth Advisors, LLC is a registered investment advisor with the U.S. Securities and Exchange Commission (“SEC”).  This material is intended for informational purposes only. It should not be construed as legal or tax advice and is not intended to replace the advice of a qualified attorney or tax advisor.

Zachary Morris

Zachary Morris, CFP®

Having traveled to over 35 countries, Zach is a believer in Ralph Waldo Emerson’s statement that Life is about the journey, not the destination. Being a CERTIFIED FINANCIAL PLANNER™ provides Zach the opportunity to help clients define and realize their journey, and co-founding Paces Ferry Wealth Advisors, an independent firm, allows the freedom to define the client experience along the way.