Meet Mike. Mike is 47, he is a Dentist and has two practices, one NHS and one private. Mike came to us with a wish list. He wanted to know when and if he could afford to sell the NHS practice and work part time in the private practice from age 50 and buy a property in the French Alps.
As a financial planning company advising many small and medium sized business owners (SME’s) this is probably the most asked question we get. Most SME owners have a deep attachment to their business as it was them who grew the initial seed from a fledging idea, invested their own capital in the project and took significant risk to grow the company or partnership in to a profitable enterprise.