A successful small business that can stand the test of time is one of the best ways to achieve financial security, or even wealth.
While it’s true most businesses that are started do fail, the ones that can establish a profitable model, sustainable over the long run, can provide their owners with both money and purpose.
The time always comes though, sooner or later, when even successful small business owners have to call it a day and retire.
Whether through a desire to spend time on other things or due to age, every small business owner needs to be able to fund that portion of their life - which means they’ll need some form of pension.
Many business owners put all their money into their firm, with a view to firstly keeping it growing and ultimately selling it to fund their retirement .…