Business & Ag Wealth
Cash Management
If you're like most businesses, managing your cash - or "cash flow" - will be one of your most important and ongoing challenges. For new businesses, it usually takes awhile before you can determine the right balance between bringing in cash and paying it out to meet your obligations.
There are numerous factors that may affect your businesses' cash flow, such as but not limited to:
- seasonal fluctuations
- the length of time between getting an order and receiving payment
- the paying patterns of your main clients/customers
At Synergy, we help business owners every day with the cash flow management process, such as:
- providing sufficient operating lines of credit
- discussing cash management best practices
- paying attention to the warning signs related to your business

How to manage and increase your cash flow
Business Overhead Expense Coverage
As a business owner, everything depends on your ability to work. If you or a co-owner can’t generate income for your business because of an illness or disability, Business Overhead Expense coverage can alleviate financial pressure and help you meet ongoing expenses without worry while you’re unable to work. Coverage will pay:
- fixed business costs, such as salaries to retain employees
- fixed expenses like rent, property taxes and utilities

Does your business fit into your retirement plans?
Key Person Coverage
There are key people in every business — team members who are essential to how your operation runs. In a small business, losing a key person can mean serious consequences. A Key Person coverage can help keep your business running and protect your bottom line while you navigate the loss. Key Person policy will cover the costs associated with:
- hire or train an appropriate recruit
- protect profits by offsetting lost income from lost sales or losses due to a delay or cancellation of a project involving a key person

Attracting key people
Employee Benefit Program
Benefit plans are a great incentive when it comes to hiring and retaining excellent staff. We can customize a comprehensive employee benefits package that protects your employees and their families. It’s also tax-deductible, which means that taking care of your team takes care of your business, too. Our employee benefits programs can include:
- life and disability coverage
- health, dental and vision coverage
- group savings plans

Three key advisors are important to the success of your business:
Buy-Sell Funding
If you own your business with one or more people, it’s important to think about what you would do in the event of someone’s death, disability, illness or exit from the company. Buy-Sell Funding ensures all owners and their families, as well as the long-term health of the business, are protected from loss. Our Buy-Sell Funding will:
- assess your needs
- deal fairly with the remaining shareholders
- protect the interests of family members

4 situations where a buy/ sell agreement is useful
Business Succession Planning
Selling or transitioning your farm or small business is a complex and often emotional process. We can help make it as seamless as possible. Working with you and your team of professionals, we can create a road map for succession that protects your legacy and prepares you for the next phase of your life. We can help you:
- establish goals and expectations
- determine a timeline
- protect your assets and mitigate taxes
- implement the plan

Where does a farm family start succession planning?
Driving business growth in a rapidly changing and financially challenging environment is a very complex and sometimes daunting process. Make it a little easier by connecting with a group of local experts who know how to help and want to see others succeed.