13 Tips for Saving and Investing While Owning a Business

13 Tips for Saving and Investing While Owning a Business

1. Invest in your business.
2. Have liquid assets.
3. Be conservative when investing in a physical space.
4. Give your business a stress test.
5. Consider buying an existing small business.
6. Look at a business as a separate entity.
7. When investing, take the risk in running a business, not picking stocks.
8. A diversified portfolio reduces the risk.
9. Have a mix of passive and active investments.
10. Consider a Simplified Employee Pension or profit-sharing plan.
11. Rein in the tax-deductible expenses.
12. Don't forget the basics.
13. Ask for money before you need it