Spending years building a company of great value and selling for a retirement nest egg seems like an attainable goal. The reality is less small business owners plan for the future day of selling the business. Retirement remains a far of dream. In fact, almost half of small business owners are concerned they will not have enough money to retire, according to a Wells Fargo survey. However, a little planning can go a long way in retiring rich. Every decision you make today will add or subtract to the future value of your brand and business.
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As a small business owner I’ve dreamed of retiring by the time I was 45 since before I started my business. I do make a good living, but the amount of work that’s needed to run a business doesn’t leave me much time for any other interests. I’ve really made a priority of investing as much as I can in various areas so when I’m 50, I won’t have to work, and can hopefully sell my business or hire someone to do the day to day grunt work. It’s all about starting early. If I had known of the benefits of saving for retirement when i was in my late teens, I’d be a lot farther along than I am now.
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