- Think about your personal goals as well as your business ones
- Do not have all your eggs in one basket
- Plan how much money you will need to take out of your business
When you launch your own business, or even leave a nine-to-five job to become self-employed, the list of things to consider seems endless. Getting your project off the ground and securing a regular income is usually at the top of people’s minds.
In the whirlwind that follows, featuring long working hours, conversations with clients, efforts to get funding and so much more, the long-term planning for your own personal finances often gets neglected. This can then remain the case even when the business has been up and running for a number of years.