How Business Owners Should Invest Differently

How Business Owners Should Invest Differently

As a business owner, you often face a very different set of financial risks than your non-business owner counterparts. When it comes to investing, there are two major considerations you need to remember. First, keep your powder dry. It’s an old sailor’s term that I like to use to describe the need to keep enough money in your personal and professional finances to weather life’s storms.

The other consideration is that you probably have a high concentration risk. In other words, most of your net worth is tied to your business. For the purposes of this article, let’s assume you have enough dry powder. Let’s also assume that you are like the majority of business owners and face significant concentration risk. With these things in mind, we want to answer the question, “Why should business owners invest differently?”

A huge red flag

#Business #Owners #Invest #Differently

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