As a business owner, you are probably focused on building your business. Every spare penny goes into making it grow so that some day you will be able to sell it and retire in comfort.That is how most people do it and I get the thinking behind that.
I think it is better to do it the other way around. Start with deciding when you want to retire, how you want to live and who will take over. Do it in that order, not the other way around. This article explains the steps:…Continue
Added by Finn Mauritzen on October 16, 2017 at 10:09am — No Comments
Do you have an exit plan? Congratulations. More than 8 of 10 of your colleagues do not. Do you want to sell to a third-party? Most do, but only 1 of 5 actually do. Some even end up closing altogether.
Failing to have an exit plan could seriously jeopardize your retirement. Please get started today. Selling to your employees is an increasingly popular option and there are several ways to do that. Some come with significant tax benefits. Others leave you in control till the last penny…Continue
Added by Finn Mauritzen on September 23, 2017 at 1:43pm — No Comments
Added by Finn Mauritzen on August 8, 2017 at 11:58am — No Comments
You could probably step away from your business for a few days if…Continue
Added by Finn Mauritzen on July 26, 2017 at 1:48pm — No Comments
Just about everyone will talk to you about the importance of starting this process early. Almost every business owner says their business will be a major part of their retirement plan, but almost no one has made any concrete plans for what that might look like. Who will you sell it to? When? Will you have the financial security you want?
Take a look at this article to help you get started.…Continue
Added by Finn Mauritzen on July 12, 2017 at 11:30am — No Comments