Are you a business owner or a job owner?

Are you a business owner, or does the business own you?

In my mission to help the local business community, I have teamed up with local radio station Stray FM to contribute to their Business Hub and provide business owners with advice drawn from my own experience. In the sixth episode, I discuss planning for the future. What are your plans for creating financial freedom or retirement? Do you actually own a business or do you own a job? Is your business an asset? Is it creating you a passive income?

Did you know that a business which runs without the owner on a day-to-day basis, is worth between 4 and 5 times the amount of a business which doesn’t. If your retirement plan is your business, then you need to look to grow the business so it works without you. If not, then you need to start generating enough profit from the business that you can re-invest that money into more income generating assets.

To listen to more episodes in my business podcast series, click here.