Here’s a little preview of my next focus area. I have been compiling research (and continue to) about the habits of small business owners in southwestern Indiana. I’m not finished with my special report yet, but I thought it may be beneficial to begin to expand on some of the anecdotes, experiences, and obstacles we’ve uncovered as we’ve embarked on this process.
I’ll be discussing each of these mistakes at length over the next few months.
- They don’t groom a successor.
- They don’t maintain adequate liquidity.
- They feel a false sense of security by being out of the stock market.
- They spend the money in a short-sighted manner.
- They “forget about the grandkids”
- They don’t clearly separate business and personal assets.
- They keep their head in the sand.
Stay tuned . . .
UPDATE — HERE IS MY SPECIAL REPORT ON THE 7 MISTAKES SMALL BUSINESS OWNERS MAKE WHEN THEY INVEST IN THEIR OWN BUSINESS
As an advisor, coach and local leader, Jeremy Overton has spent the last 12 years educating and motivating individuals, families, and business owners who are interested in having a greater impact on their communities, the people they love, and the causes they support. You can connect with him on: Google+