To succeed in business, you need to ensure your skills are suited for your industry. I have talked to lots of small-business owners across the country, and these are the most-common reasons the owners I talked to opened their businesses.
When sales are strong and business is doing well, you may give little thought to retirement. When you do think about it, you may tell yourself that when you are ready to sell, you will get a good price and live comfortably off the proceeds. Perhaps. But what if you cannot get a good price for your business? Or worse: What if no one wants to buy your business.
You have spent long hours getting your business started, and you continue to work long hours to ensure it runs smoothly. You deserve to be well-paid for the work you do, so pay yourself what you are worth. There is another reason, though, for doing so. It is good business.