A sound financial plan for short and long term goals is often attributed to a small business owner's ability to apply financial calculator skills to company operations as well as retirement packages.

Planning not a priority for future retirees
When it comes to life after the daily grind, a report by the Employee Benefit Research Institute (EBRI) showed there is a disconnect between American workers' plans for the future and the reality of their financial ability. Although some families may be able to live comfortably even without having definitive structure in retirement fund building, others could be met with harsh consequences as only 33 percent of professionals who expect to receive benefits have taken action to ensure that their expectations will be met. Also concerning for the future of retirees' bank accounts is that just over half of the people questioned are looking forward to retirement savings, leaving 44 percent completely void of such plans.

The study found only 14 percent of workers are very confident that they will be able to do as they please financially once retired, which coincides with a major lack in perceived job security among Americans today – the EBRI said the very real potential to lose one's job is the number one money-related fear in the country.

The survey reports countless business owners and employees have very little to support them in the case of job terminations or other uncontrollable problems, but those individuals can benefit by tuning their financial calculator skills and applying financial tips to everyday life.

Business benefits from expert owners
The first place to start, according to real estate professional Bill Cook, is to get a handle on financial operations for business.

In a Calhoun Times editorial, Cook claimed he and his wife Kim keep business hot by taking advantage of financial calculator seminars as much as possible, and the best agents they know do exactly the same. He said many professionals turn the events down, but they do themselves a disservice, as financial investment advice will get them nowhere without applicable strength.

Cook likens the improvement of financial calculator skills to continuing education as a professional: The more one learns, the better a business owner he or she will become. He said he and his wife take in at least 10 professional enrichment seminars a year in addition to 30 or 40 group meetings with their peers in the real estate industry.

The sources suggest professionals planning for business ownership and retirement should consult with professional financial services and peers to best secure their futures.