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 make the transition that it needs to…

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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 problem, sell the business. If you are looking…

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Half-Retire® Misconception #3: I can start Half-Retiring™ Today

Perhaps this one doesn’t belong on a misconceptions list. You can start Half-Retiring™ today; you just won’t BE Half-Retired™ today. Half-Retirement™ is a process. The sooner you start, the sooner you will finish. Here is the good news. The benefits from Half-Retirement™ begin accruing as soon as you begin the work.  If you do a…

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Half-Retire® Misconception #2: Half-Retirement™ is a concept…Got it, I’m Half-Retired™ Now

Half-Retirement™ is an alternative business exit strategy. Instead of selling the business, the owner keeps the income stream. This is attractive because Half-Retirement™ eliminates much of the reason for selling a business – headaches. By eliminating the sources of ownership stress, the possibility of not selling the business becomes a viable reality, and the income…

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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 stream. If you run the economics of holding onto the business vs. selling it,…

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Will choosing a successor help you to retire?

What is a successor during Half-Retirement™? In Half-Retirement™ terms, a successor may not be the person that will step directly into your place when you are gone or less available to your business. A traditional “successor”  is an individual able to take control and do everything that you are able to, thereby ensuring the smooth…

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