26 Jun 2012

Study finds small business owners need to plan for the future

The life of a small business owner can be very different from that of a regular paid employee. There are many financial factors to consider and manage when running a business, but a recent study finds owners may not be thinking of their own future as much as they should.

A report by Statistics Canada finds just 74 percent of small business owners are saving up for retirement, according to The Financial Post. This is in comparison to normal employees, 85 percent of whom have some kind of savings plan in place. This discrepancy may be explained by the complexity of planning for the future of a company, but also may be due to owners simply having little time to deal with such matters.

Regardless, small business owners may want to sit down with a financial planner to ensure they have a solid retirement strategy. This may also be a good time to evaluate the business in general and try to find places where money can be saved. For example, using a self storage facility with cheap rates may be able to help small business owners free up some space in their building and hang on to important documents. Workspace storage is another smart investment, as those who don't need a storefront can rent climate-controlled space with internet access for an affordable price.

From Toronto's leading self storage facility comes Jiffy Workspaces for small businesses, start-up offices for multi-services, eBay Power Sellers and merchandising businesses. These air conditioned incubator spaces are available with internet and can serve as a fully-functional workspace. Storage-on-demand is a great feature for any start-up businesses that needs seasonal or monthly storage to match their business office needs and only Jiffy Self Storage offers this unique service.

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