Blog
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...
The Four Types of Half-Retirers™
Half-Retirement™ can be a life-changing financial decision for a business owner, but you can blow it. We have seen perfect candidates lose many of the potential benefits of Half-Retirement™. There tend to be four types of business owners who pursue Half-Retirement™:...
The Cost of Delaying Half-Retirement
Maybe your life is different than mine? As a business owner, I always feel like there are 50 things to do and time to do only ten of them. I have been known to say, “I will/should do XYZ,” and never have the time to get around to it. Fortunately, most business...
How much goodwill does 30 years hard work get?
In some cases, -$500,000. It breaks my heart to see businesses dissolved and sold like a garage sale. I got this email today and thought it provided a stark reminder to not assume that a going concern has goodwill. Make sure you take time to build enterprise value for...
Don’t Let This Happen to Your Business
It breaks my heart to see businesses dissolved and sold like a garage sale. I got this email today and thought it provided a stark reminder to make sure you build enterprise value for your business, not just do today's work.
Working Less vs. Half-Retired™
As you contemplate your exit strategy, consider the differences between “working less” and Half-Retirement™. Business owners work too hard and should definitely work less. However, when business owners pull back their efforts without a plan, they can experience...
Another Sad Business Owner Non-Exit Story
My wife and I were very sad to learn that a popular Greek restaurant in our hometown was closing in a few days. As you can see by the trip advisor ranking below, this was a restaurant that was well-regarded and liked. Why was this business not sold? They had...
When is the right time to retire?
According to NBA Hall-of-famer Charles Barkley, the right age to retire is sixty. Here's a direct quote from Charles I’m trying to make it to 60 because I still want to be young enough where I can enjoy my life and have fun. That is no disrespect to old people, but I...
Phases of Half-Retirement
I wish I could tell you that Half-Retirement was as simple as flipping a switch…poof, you are Half-Retired. However, Half-Retirement is more of a journey than a decision. We observe many business owners begin down the path towards Half-Retirement and have seen that...
This is not Half-Retirement
We got this chat from the website and it's surprising how many business owners feel just like this. They let frustration build for five years and they "pop." There's a saying in the business broker world, "People don't sell businesses for financial reasons, they sell...
