How to diversify as a business owner
Chief Investment Office GWM | UBS
Entrepreneurs typically have much of their wealth tied up in their businesses. This concentration of capital can generate significant returns. For example, 89 Chinese and 30 American business owners became billionaires in 2017, according to the 2018 UBS/PwC Billionaires Report.
This report shows that holding assets outside your business can help you reduce swings in your income, make it easier to rebound from setbacks, and maintain your obligations to family and charities. External investments can also help you seize opportunities, fund future projects, and protect your wealth.