Planning For Retirement As A Business Owner

A training part of the Enterprise Uganda's Business Recovery Series that was put in place with the goal of encouraging and guiding entrepreneurs on how to recover from the economic challenges caused by the Covid-19 Pandemic. It is a series of courses taught by business leaders and shakers that will assist you in rebuilding your business following COVID-19. The weekly 1-hour online courses will provide entrepreneurs with actionable advice that they can implement right away.
Mary K
Odongo

Planning For Retirement As A Business Owner

It’s never too early to start planning for retirement. Even if you’re just starting out as a business owner, it’s important to make time to think about where you want your career to go and how you will support yourself financially when you no longer have an active role with your company.

Whether you own your business as an individual or with partners, putting in place a plan for when you can no longer actively work with the company is essential. Working with financial advisors, estate planners and other professionals that can help you create a solid retirement plan is recommended. Here are some tips on how to plan for retirement as a business owner :

  • Decide on your exit strategy
  • Decide on what you want to do after you retire
  • Plan for taxes
  • Create an asset portfolio and invest in it
  • Planning For Retirement As A Business Owner

 

You can watch the full interview on the Enterprise Uganda YouTube Channel: https://youtu.be/a1UF1T7fdFw

Note: The Enterprise Uganda Business Recovery Series Zoom Sessions are conducted every Thursaday of the week.