Most small business owners need help. They often get so caught up in the day-to-day routines of running a company that they fail to do any real planning for the future, according to bank advisors who have small business clients. Entrepreneurs are risk-takers, they’re optimistic and they usually have boundless energy. All prerequisites for the path they’ve charted for themselves. But they don’t plan well, surprisingly. In fact, according to advisor Josh 

Goodridge, most of his small business clients will tell him that they’ll be “doing this until they die.” Enthusiasm in spades, but not the best mind-set for business planning—or their own succession planning. Goodridge, who works at Cuba, Mo.-based Peoples Bank, says one of the most important things he can do to help small business owners is to paint a realistic picture of the future and not let them put their heads in the sand. And as a small business owner himself—he co-owns a restaurant/brewery—he has a  bird’s-eye view of their challenges. “They’re running 24/7 just to keep up. Just trying to plan lunch with them is hard.” They need someone to constantly remind them of their long-term financial needs, Goodridge says.

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