At times you may have substantial sums of cash on hand. You may also want to talk to a certified financial planner to arrange to put a portion of your profits to work for your retirement. As a business owner you are entitled to various tax-deferred investment strategies that can make a difference in your economic situation for years to come. Be sure to start taking advantage of them early in the life of your business. Every year of investment has an impact on your overall return later.
Money is of major importance in being a profitable, professional woodworker.
It is a significant measure of your success and can mean the difference between long-term comfort and mere survival. By the Taunton Press Inc. - All rights reserved. E-mail us and let us know what you think. No part of this publication may be reproduced in any manner without permission of the Editor. What is safe for one woodworker under certain conditions may not be safe for others in different circumstances.