No doubt all your thoughts and energies are devoted to making your business successful, but spare a thought for what will happen when you retire. Your business might be the sort that you will be able to sell when it comes to retirement. This means you could have a lump sum that you can invest to give yourself an income to live on.

But with lots of self-employed people this is not so; if they retire, the business retires too, because their skills are essential to the success of their enterprise. Even if you hope that you will be able to sell your business on retirement, there is no certainty of this, and you should show some caution in relying on it. You may be forced to retire earlier than you had intended because ...

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