Women Small Business Owners

It&#8217;s been said that &#8220;<i>failing to plan is planning to fail</i>.&#8221; This is an eternal truth when it comes to money, and especially so for women business owners. &#160;Why? &#160;Because for most, their business generates more than half of their household&#8217;s income and a significant portion of total net worth.&#160;&#160;Effectively planning and then allocating business income/capital are critical to the attainment of financial security. &#160;Since women are prone to certain financial risks at higher rates than men (e.g., longevity, lower lifetime earnings, disability, caregiving), planning is even more important.
In general, the state of retirement preparedness among business owners is troubling. &#160;According to a recent study of 400 business owners by BMO Harris Wealth Management, three in four participants had less than $100,000 saved in retirement funds. Fewer than one in 10 had accumulated more than $500,000, which would be considered insufficient for many.
Compounding the consequences of inadequate preparation is the possibility of early retirement due to unforeseen circumstances.A recent study from the Employee Benefit Research Institute found that almost half of Americans retire sooner than they planned. Of these, 56% cited health changes, disability and family caregiving as primary reasons. Just 24% stated they were able to afford earlier retirement and 10% said they wanted to do something else.&#160;&#160;Lesson learned? &#160;When planning for retirement (as with anything else), it&#8217;s important to consider both the upside and downside possibilities.

Welcome to Gowdy Financial Group, LLC., where we empower female business owners to take control of their financial future.

Our dedicated team of financial coaches is here to guide you every step of the way, helping you navigate the complex world of finance with confidence.

We understand the unique challenges and opportunities that female entrepreneurs face. We believe that financial success is within reach for every woman, and we are committed to providing you with the tools, knowledge, and support you need to achieve your goals.

Our financial coaching services are tailored specifically to the needs of female business owners. Whether you're just starting your entrepreneurial journey or looking to grow and expand your existing business, our coaches will work closely with you to develop a personalized financial plan that aligns with your vision and aspirations.

Here's what you can expect when you choose Gowdy Financial Group as your partner in financial coaching:

1. Comprehensive Financial Assessment: We'll begin by conducting a thorough analysis of your current financial situation, including your business finances, personal finances, and future goals. This assessment forms the foundation of your customized financial plan.

2. Personalized Financial Roadmap: Based on our assessment, we'll create a detailed financial roadmap that outlines actionable steps to help you achieve your objectives. This roadmap will cover essential areas such as budgeting, cash flow management, debt reduction, investment strategies, and retirement planning.

3. Expert Guidance and Education: Our experienced financial coaches will provide ongoing guidance and education to enhance your financial literacy and decision-making skills. We'll demystify complex financial concepts, teach you valuable money management techniques, and empower you to make informed financial choices.

4. Accountability and Support: We understand that staying on track can be challenging, especially when juggling the demands of entrepreneurship. That's why our coaches will hold you accountable and provide continuous support as you work towards your financial goals. We'll celebrate your successes and help you overcome any obstacles along the way.

5. Community and Networking: Joining Gowdy Financial Group means becoming part of a vibrant community of like-minded female business owners. We organize networking events, workshops, and webinars where you can connect with other entrepreneurs, share experiences, and gain valuable insights. 

Take the first step towards financial empowerment and schedule a consultation with our team today!

Together, we'll unlock your full potential and set you on the path to financial success. Gowdy Financial Group is here to support you every step of your entrepreneurial journey.