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How to prevent problems when a key team member retires
If an organization is structured around individuals, a key member of your team retiring can cause panic – especially if they are a go-to-guy, like a Senior Manager or a Director. Fear not though! There are measures that you can put into place to help your business to...
Adopting a Half-Retired Mindset
Adopting a Half-Retired Mindset When business owners start looking at their golden years, they often think about selling the business for a big pile of money and leaving the stress of business ownership behind. However, this could be the worst plan for your business....
Half-Retire® Misconception #1: I Just Delegate the Work, and I’m Half-Retired™
Half-Retirement™ is an alternative monetization technique vs. selling a business. The concept is simple to grasp. Instead of completely washing their hands of the business, the owner radically decreases their workload to two, half days a week but keeps the income...
Why Selling a Business is a Million-Dollar Aspirin
Running a business can be stressful because the typical CEO is involved in dozens of business systems. It’s a lot like spinning fifty plates. Sometimes the business owner’s involvement is significant, and that plate must be spun every day if not, it falls and breaks....
Common Misconceptions about Half-Retirement™
Half-Retirement™ is an alternative monetization technique vs. selling a business. The concept is simple. Instead of completely washing your hands of the business, the owner radically decreases their workload to two, half-days a week but keeps the income stream. If you...
Half-Retirement is Not Without Sacrifices
The thought of working only two half-days a week is an exciting one! Sometimes business owners get so fired up that they forget some of the steps needed to Half-Retire. There are business, personal, and psychological aspects to Half-Retirement. Some of these aspects...
Business Owner Advice: Creating Handover Materials for your Work
As a business owner, handing over work is a necessary evil that we all have to face. If you ever find yourself having to do this, you may struggle to identify how you should approach it to ensure that everything still gets done to your high standards. How to create...
Half-Retirement vs. Full-Retirement
We see many entrepreneurs who are approaching retirement age, delay retirement. At first glance, we might guess that the delay is for financial reasons, but many of these business owners have plenty of money. So why are they delaying retirement? Our guess is for all...
How do I Half-Retire®, I’m Out of Gas
As a lifelong business owner myself, empathy for the plight of business owners has never been difficult. I hear business owners say, “I need to be Half-Retired™ NOW! I don’t have the energy to do the work required.” Good news, there is a simple solution to this...
Five Reasons Business Owners Sell Their Business When They Shouldn’t
There are good reasons to sell a business and bad ones. However, when you look at the typical literature, most of it is geared toward large enterprises worth much more than a typical business. If you take less than you should for a business worth $50 million...
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