Everyone Counts on Small Business Owners

It's likely as well that you have a few more hats to wear spouse, parent or grand-parent, daughter or son, sibling, caregiver, or coach. In my case, I need a hat that says “Personal chauffeur for children” who play sports and need to be driven everywhere. 

Are you also the breadwinner at home? 

Do you earn the primary income on which your household thrives? Entrepreneurs are often big income earners and without their activity, it all falls apart.

The vendor doesn’t get paid. The client is unhappy. The debts increase. The mortgage is missed. 

We don’t plan to go off and have a heart attack. We don’t want to have a stroke. We didn’t intend for our body to fail us and develop cancer. We put protocols in place so there isn’t a workplace accident, and we didn’t think that driver was going to run the light. 

No one expects to be brought to their knees financially, but it happens, every single day. 

Planning for the potholes (or craters) on our journey through life is part of financial planning. If you wear a multitude of hats in your business and for your family, you know better than I do how many people are counting on you.  By putting the right types of protections in place that will protect your income and cash flow, (disability insurance or critical illness coverage) you are a better employer than most. You’re an even better parent or spouse.