THE CHALLENGES OF

WEALTH MANAGEMENT FOR ENTREPRENEURS

THE CHALLENGES OF

WEALTH MANAGEMENT FOR ENTREPRENEURS

John is an architect. At 48 years old, he is his own boss and manages a team of several employees. He usually arrives at the office at 7am to prepare his day and ensure proper task allocation.

At 9am, his first client meeting starts, followed by design work at 11am. For lunch break, he goes for a run and has a light lunch. Then, from 1pm to 3pm, he meets with partners todiscuss work progress. This is followed by accounting, billing, and human resources. To end the day, he has a team meeting to discuss ongoing projects. At 7:30pm, after visiting a construction site, John arrives home, has dinner with his family, checks his emails after putting his children to bed. Being an entrepreneur sometimes requires him to work on weekends, but it gives him a certain freedom to manage his time as he sees fit.

But does he really have enough time?

Yes, but not necessarily. In any case, not enough to manage all aspects of his life and his business. John must then compose, select, and delegate, particularly in finance. This is also a question of skills, because mastering all the tasks related to managing his wealth requires a certain know-how. It is indeed necessary to be able to act on several levels: save money, secure part of his assets, make another part grow, invest, prepare for retirement and the future of all family members, all while ensuring the sustainability of his business. These are all themes that require deep reflection in order to make the right decisions.

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