Posts Tagged ‘smb finance’

Investing Incentives for Small Businesses

Posted October 20, 2008 by Bernz

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.

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