How do business owners retire?

How do business owners retire?

Exit Planning, Retirement

An introduction to clever retirement for business owners Although the thought of retirement might be something that you don’t want to be considering right now, it is an inevitable stage of life that you need to be prepared for – especially if you are a business...
Half-Retirement Method 2: Mini-Me

Half-Retirement Method 2: Mini-Me

Baby Bommers, Concepts, Retirement

Many business owners are under the belief that the best path to Half-Retirement is to find an employee to replace them in the business. We call this the “Mini-Me Plan.” You make a “clone” of yourself, and they step right into your job. You simply make this clone of...
Method 3: The Four-Headed Beast

Method 3: The Four-Headed Beast

Concepts, Exit Planning

The Four-Headed Beast is a catch-all name for a Half-Retire solution that distributes a CEO’s work without adding  the additional expense of more staff. As step number one, the CEO’s work is meticulously analyzed and dissected. Through the 98/2 Delegation Process, the...
The 44% Rule

The 44% Rule

Business Valuation, Concepts, Exit Planning

Why are so many business owners delaying the sale of their businesses? No one knows for sure, but it probably has to do with the 44% Rule. What is the 44% Rule? The vast majority of small businesses sell for a multiple of annual earnings. More specifically, they sell...
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