We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

You're a successful entrepreneur and business is booming. Though it may be tempting to invest all your profits back into your business, it's wise to put some aside for retirement. Here's why. The benefits of diversification apply to everyone Unless carefully managed, the very traits that make you a winning business person — innovation, risk-taking, optimism — can be a recipe for retirement disaster. Everyone knows that the key to long-term investment success is a diversified portfolio. But my business is doing well Reinvesting profits into your business may offer excellent returns, and the tax benefits can be very appealing. You've likely convinced yourself that as your golden years approach, you'll be able to sell your business for a hefty amount of capital and ride contentedly into retirement. But study after study show that only 20% to 25% of privately owned businesses ever get sold. The value of a small business often comes down to the owner's skills, network and customer relati...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.