How to avoid losing staff when retiring

When you announce that you are taking a step away from your business and toward retirement, you may find that there is a sudden sense of unease reverberating through your business. This is because the people that you hire are now uncertain about where the business is heading and are ultimately feelng less secure in…

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How to restructure your business when retiring

If you’re a business owner who is thinking about retirement, then you may be required to restructure your business in order to help it to cope with the changes that your lack of presence will result in. If you fully intend on keeping your business going at full capacity, then restructuring is necessary, so where…

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How to source the team members that will help you to Half-Retire™

Whilst thinking about retirement, you may have identified a definitive skill gap that your absence would result in. If there are no existing employees that are able to bridge this gap, you may have to seek new team members who are capable – lest you suffer the consequences! But, how do you find the right…

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How to motivate your team when out of the office

Your team is the life-blood of your business, so if you’re planning on spending a little more time out and about than usual then it would be wise to spare a thought about how they feel about that. Teams that are left to their own devices for too long can become lazy, demotivated and even…

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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 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

lightbulb

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

tree roots

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™

pointing

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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