Own your own business….the best investment

I enjoyed a coffee last week with a couple who have owned and operated a small suburban Coffee Shop & fast foods outlet for the last 8 years. They are now ready to move on, and already have their next venture underway. The Coffee shop has been good to them. They have purchased three investment properties out of profits and are funding the new project without any borrowings. They have built a good business – growing it through pleasant personal service, excellent food, cleanliness, and hard work. That said, they only open 6 days per week and 48 hours per week. Now they are ready to sell. Because they have grown the sales and profits they will make a substantial tax-free capital gain. Their story reinforces that owning your own business, gives you control over your destiny, independence, challenge, and the opportunity to earn a really high income and a real sense of achievement and satisfaction that an employee can never experience.

Bruce Rylance Benchmark Business Sales & Valuations