
Business and Succession Planning: Financial Advice for Small Business Owners
When you’re a small business owner, your financial life can be complex. There’s a lot of financial risk in business planning. Entrepreneurs often invest their entire lives – both time and money – into their business. They may have every penny accounted for when it comes to their company; however, many times, they neglect their personal finances. What are their plans for retirement? Can they sell their business? What happens when they’re ready to hand the reigns over to someone else? Well, here’s some financial advice for small business owners.