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News Archive > 2007 > Apr > 24
Experts Help Entrepreneurs Manage Their Personal Finances
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April 24, 2007 (Press Release) -- It’s a familiar story: entrepreneur makes good in business but his personal world comes crashing down around him. We have seen it happen before to everyone from Donald Trump on down. When it comes to running their businesses, entrepreneurs tend to do whatever it takes to succeed. From working 23-hour days to practically mortgaging their souls, small business owners know no limits to the time and energy they are willing to invest in their companies.

But what about their personal lives? Do entrepreneurs put the same amount of thought and planning into their personal financial situations? Are they actively preparing for retirement? Do they know just how exactly they will pay off that home mortgage? Or how much money they should save versus reinvest in their company? Entrepreneurship expert Evan Carmichael says, for the most part, no.

“The amount of dedication and drive most entrepreneurs put into their business is admirable,” says Carmichael. “But, it often comes at the cost of their own personal financial freedom. Entrepreneurs get so caught up with running their businesses that they forget to run the rest of their lives.”

As the saying goes, it’s not personal, it’s business. However, Carmichael warns that without adequate attention paid to the personal side of things, so too could the business suffer. It is to this end that Carmichael has launched a new, free online resource at http://www.evancarmichael.com/Personal-Finance/ to help entrepreneurs better manager their own personal finances. By making available 24-hours a day industry experts who offer their advice and lessons learned, the new resource is meant to be a one-stop invaluable resource for entrepreneurs in planning for their personal financial security.

At http://www.evancarmichael.com/Personal-Finance/, authorities in the field of personal finance address crucial issues that cover everything from pensions to home and commercial mortgages. “Whereas most resources help entrepreneurs run their businesses, this site is here to help entrepreneurs better manage their own personal money,” says Carmichael. “Our experts, with decades of combined experience are here to help ensure entrepreneurs can have financial freedom outside of their companies.”

How much money should you take out of your business? How much insurance do you need? How can you pay off your home mortgage by the time you are 60? How can you plan now to enjoy a secure future later? These are all questions that entrepreneurs can have answered by those in the know at http://www.evancarmichael.com/Personal-Finance/.

“Entrepreneurs tend to be very proud about their businesses, and so they should be for all it takes to start them up,” says Carmichael. “But they should know that there is nothing wrong with seeking help in managing their own personal finances. We can’t all be experts at everything, and this new resource is meant to help fill in the gaps.”


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For more information:

Evan Carmichael & Associates
http://www.evancarmichael.com

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