by jimmue | Jan 30, 2022 | Baby Bommers, Concepts, Exit Planning, Retirement
Things you will give up if you sell your business If you have ever owned a business, you have daydreamed about selling it for a large pile of cash. It’s not really about the money, right? It’s about flipping a switch and having all the stress and headaches turn off...
by jimmue | Oct 4, 2021 | Business Valuation, Concepts, Retirement
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...
by jimmue | May 1, 2020 | Exit Planning, Retirement
Lately, I’ve been asked the question, “Can you Half-Retire in a tough economy?” The answer is, “yes.” It’s still a good idea to start or continue Half-Retirement during tough times. Here’s why: Life happens regardless of the economy. You may feel like you can’t slow...
by jimmue | Feb 6, 2020 | Baby Bommers, Concepts, Retirement
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....
by jimmue | Jan 3, 2020 | Business Valuation, Concepts, Exit Planning, Mindset, Retirement
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....
by jimmue | Jul 18, 2019 | Concepts, Retirement
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...
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