When you work for yourself, it’s easy to be caught up in day-to-day tasks and challenges. But even a little forward planning can massively improve the chances of achieving your personal ambitions, both for your business, and life after your career may be winding down. Securing your self-employed future may be quicker and easier than you expect.
You’ll often be advised to create a self-employed business plan, and it’s often a requirement when you’re seeking funding. But it’s easy to overlook how much your work and personal life are intertwined when you work for yourself. Do you still want to be working on your business in 10, 20 or 30 years? Or are you aiming to sell up, and retire on a reasonable pension?
It’s surprising how quickly time can pass when you’re running your own business. It’s never too late to improve your self-employed future, but starting early gives you more time to build up savings, assets, and pensions. You may want to continue working indefinitely, but planning for the future gives you more freedom to shape exactly how that looks.
To help you find information quickly, we’ve split our guides and advice into three sections, covering future planning, maximising your returns, and when you’re starting to wind things down. But even if you’re not looking to sell your business at the moment or pass it on to someone else, it’s worth thinking about your end goals to shape your current objectives.