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-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...
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 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...Get Started Half-Retiring
Businessman relaxing on the beach.
Half Retire
- Can delegation be the enemy of Half-Retirement? January 12, 2024
- Why are business owners so mean… December 2, 2023
- Why did 1587 businesses just disappear? February 2, 2023
- The 6th Exit Strategy January 30, 2023
- Delegation won’t help you Half-Retire January 3, 2023
Recent Comments