The oversimplified formula is 3X owner’s annual “take.” If you’ve ever had a formal business valuation and then tried to sell your business, you realize the business valuation is really only an estimate and indication of what a buyer might pay if all assumptions line...
We define Half-Retirement as enjoying the economic benefits of business ownership without the daily headaches. A Half-Retired business owner maintains their current salary while working two half-days a week. They accomplish the transition from working income to equity...
Whenever a business owner is contemplating the sale of a business, the only discussion topic is money. However, most businesses are sold for non-financial reasons. The business owner gets fed up with the headaches or simply loses passion. The money is simply a “cherry...
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-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...
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....
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