In a recent feature for Forbes, Megan Kearney explores how small business owners can protect their wealth by diversifying beyond their companies. With many entrepreneurs having most of their net worth tied up in their business, she highlights the risks of being overly concentrated and the importance of spreading assets more strategically.
“Your business may be thriving, but if it’s your only investment, you’re leaving yourself financially vulnerable.”
In the article, Kearney and McKenna share three key strategies: balancing your investment portfolio with equity allocation, building alternative income streams outside the business, and maintaining liquidity for flexibility. These steps help owners safeguard their personal wealth while continuing to grow their companies.
If you want to build financial resilience and long-term security, this is an essential read.
Read Megan’s full article on Forbes: How To Diversify Financially As A Small Business Owner
