Secured Retirement, Inc.
I am Gary Hobday of Secured Retirement, Inc. When you open up a new business, become involved with your community. I strongly urge all new entrepreneurs to join their local chamber of commerce and to become involved.
I also encourage you to join a service organization such as the Rotary, Kiwanis, or the Lions Club. You'll know by your participation in the chamber which club is the one you want to be a part of. You will become known as someone who's willing to do something for the community.
Whether you are a single entrepreneur or plan to have some employees, looking to the retirement future is very important. Don't make the mistake of thinking that, "I'll sell my business in 30 years, and that'll be my retirement." That's not looking and planning ahead. Who knows whether your business will have any value at that point in time?
As a new business owner, take the opportunity to meet with your accountant or financial advisor and look at the possibilities of putting a retirement plan into place. Not only are you going to be saving for the retirement future, you may also gain tax-deductible credits against your taxable income.
To retain quality people, offer a retirement plan such as a 401(k) or an IRA plan for the smaller business. There are people who are looking to hire your key people. Make sure that you have the benefit package that's going to keep them working for you.