Focusing on personal finances difficult but important for entrepreneurs

Personal finances often get a low priority from an entrepreneur who’s trying to build a small business – if the choice is between investing in a new company’s future and saving for rainy days or retirement, the business usually wins out.

”I felt like really to make a go of it, I had to put my eggs into my business basket,” said Scott Tanner, who started Millennium Media Consulting, an Alexandria, Va.-based marketing business, four years ago.

Tanner did what many new business owners do – he cashed out his savings and dipped into credit cards. Putting money aside for his own future just wasn’t part of the equation.

By Joyce Rosenberg
SMALL TALK

Full Story: http://www.sltrib.com/business/ci_3847098