Many business owners rely on the eventual sale of their business to fund their retirement. While in many cases this works out okay, most business owners do not realise the tremendous risk they are taking by putting all their retirement eggs in one basket.

These days, most people can expect to be retired for 20 to 40 years depending on how long you live and when you retire. After a lifetime of work, retiring into a lower standard of living hardly seems like the retirement most people deserve for all their effort.

With this in mind, will the sale of your busines support your retirement?

Here are just some of the problems facing business owners:

• The economy may be down when you want to sell, reducing values and scaring off buyers.
• Your business may not sell for as much as you need to enjoy a comfortable retirement
• You may not be able to find a buyer at the time you want to sell so you have to work longer than you'd like
• New technology, fashions, trends could drive you out of business completely before you get a chance to sell leaving you with no retirement funds at all.

The solution to these problems is quite simple. Just like any other worker, you need to invest money for your retirement. This money will act as a safety net in case your business doesn't achieve your retirement goals. Your safety net can be as big or as little as you like. You may feel that if your business is more vulnerable to the problems listed above, then you should put more money away.

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