Don't forget: pay yourself!!!

[Lesli]

An excellent point:

Owners neglect personal finances

Many small-business owners, intent on building or expanding their companies, neglect their savings and investments, or they funnel all their money into the business and figure that they'll catch up later in the stock market or with retirement accounts.

But that attitude can turn into a costly mistake, because creating a personal investment portfolio can actually be part of running a company, with benefits to the owner and the business itself.

I think many of us, when coming up with business plans, can forget to pay ourselves. "Oh, I'll just take the lion's share of the profit when things take off," we may reason.

...not such a good idea...

(says the woman who hasn't opened an IRA yet )

 

[imported_HadleyHost]

Thanks for that, time to invest more lol