There are many reasons to start a small business. They may include being passionate about the work, a desire to work for yourself, or a need to give something back to society. Successful business owners also want to retire using the money they generate from their business. In my case, this became the focus of my investment strategy. It wasn’t always, but this last “great recession” changed my mind.
Look at any place where small businesses exist and you are bound to see a variety of businesses experiencing varying degrees of success. Some are struggling to keep the doors open, while others seem to be defying the odds. If you’re a small business owner, you might even be wondering how they do it. You appear to be operating in the same economy, with possibly the same offering, but they do it better. They have IT, but what do they have?