A Successful Business Transition When you start to plan your retirement from the business you have worked so long and hard to create and nurture, there are many factors to consider. In Business Retirement Planning: It’s a Team Effort!, for example, I’ve talked about what is required to successfully pass your business to your successor, […]
Are you contemplating retiring from your family or small business after many years of hard work? Are you excited about the prospect of finally not having to go to work every day? Or are you dreading that day? Or, are you just not looking forward to all the choices and decisions you’ll have to make […]
Baby Boomers are retiring in ever-increasing numbers—10,000 per day by one estimate! Many of these Boomers are retiring from a business they have carefully and lovingly built over many years of sweat, tears, and much fulfillment. And as the child of a Boomer, you’re now faced with the possibility of succeeding your parents in owning […]
Are you a family business owner? If so, do you intend to create a legacy through your business? How will you ensure your business survives long enough to be able to pass that legacy on to your successor? Read on for insights into what you must do to ensure your business survives for decades, if […]
The short answer to this question is, “No; having just a will isn’t enough!” As a family or small business owner, you will want to understand the potentially severe consequences to your business of not having an up-to-date estate plan prepared by a competent estate planner. So, read on to learn more! What is an […]
You’re a family or small business founder or owner. You’re beginning to consider retiring from your business—or you’d just like to reduce the amount of time you’re spending with your business. Perhaps you’d like to travel or play more golf or spend more time with your family. Whatever your reason, if this is you, then […]
My Partner and I Don’t Need a Buy-Sell Agreement—Do We? Yes, you most likely do! If you and one or more partners own your business together, you need to have a legally binding agreement that says how you will handle the situation if one of you unexpectedly passes away or is otherwise incapacitated. “Oh, we’re […]
Are you having difficulty finding customers to purchase your product or service? Or, does almost every prospect you talk to have a need for what you’re selling? When you do find a prospect, are you spending a lot of time “convincing” them to buy? Or, do they easily see how you can fulfill their needs? […]
Why should you look closely at what you do after you retire from your business? Isn’t that personal, with no connection to your business? It may seem so, but how you decide to spend your retirement years can be critically important to a fulfilling and rewarding next phase of your life. A key factor contributing […]
You’re a family or small business owner. You’ve reached a point in your life where you are beginning to think about retiring. Or maybe you’re not quite ready to retire but still want to spend less time with your business. If this is you, then now is the time to start planning your business exit […]
