3 ways to Create Wealth for SME Owners
Your business can be viewed as your cash flow generator.
It may not generate wealth for you and your family.
There are 3 ways for SME owners to generate wealth for themselves and their family:
- Build your business up, systemise it, hire a great team to run your systems and have it running without you. Then sell it
- Use the cash flow from your business to invest fully in the many pension products available to you. This is a tax efficient way to build your wealth
- Use the cash flow from your business to invest in property. Each property market is different and you will need to get local expert advice. The key concept to stick to with in property investment is to invest for a positive cash flow – not for expected capital appreciation!
For all of these strategies for wealth generation, get a very good tax advisor – taxation can hold back your ability to build wealth.
All of these strategies are working well for me.
Contact me to find out you can become wealthy over the next 10 years.