Investing Incentives for Small Businesses
A recent article from SMB Finance reported that nearly six out of 10 small business owners believe there aren’t enough incentives in place to help them start a 401(k). The article went on to explain that many small business owners may not be aware that in addition to receiving the tax-deferred savings that come from most retirement programs, small businesses that start a 401(k) plan can also receive annual tax credits of $500 for each of the first three years after they enroll.
My feeling is these are truly good incentives enough. But I believe the average small and home business owner—and I’m going to include mom and pop shops, independent contractors, freelancers, and sole proprietors—typically have their hands tied just dealing with everyday things to run their companies. So I think that in addition to there not being enough incentives on the table, not having enough time is major factor.
Plus, there’s still a huge perception that investing is complex and only for the very rich. Folks, this ain’t so. If you don’t understand the process of investing there is help out there. And that my friend, is the very heart and soul of this site.
I want to help you, your family, friends, employees and peers learn about investing. I want you to know there are many different ways to invest without having a lot of money, without a lot of spare time, and without taking a whole lot of big risks. I also want to reiterate that learning about investing isn’t tough.
All that said, here’s where you can help this site help you even more. Send me your investment questions. Chances are they are something that someone else wants to know, too. Do that and you will get questions that you have answered in terms that are easy to understand. You’ll also help this site become a community in the process.
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Tags: smb finance, start a 401k
This entry was posted on Monday, October 20, 2008 at 5:29 pm and is filed under Wealth Building. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
3 Responses to “Investing Incentives for Small Businesses”
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Investing In Your Future » Blog Archive » Perfect time for Small Business Says:
[...] Investing Incentives for Small Businesses [...]
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yanjiaren Says:
I am always looking at ways to invest but it is so hard to find honest paying sites nowadays.
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Gabriel Says:
There is surely need for investment education, so that people wont get their fingers burnt due to ignorance. An ignorance shared is half-solved where people are willing to rub minds for solutions.
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