Blog Library

Transitioning Business Owners Need a Realistic Financial Plan

Posted by Jane Johnson on Mon, Oct, 01, 2018 @ 09:01 PM

As a business owner, no matter what you want your legacy to be after your business transition, you want to ensure that you have enough retirement income. In a recent article, we discuss why it is so important for you to:

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Topics: financial goals, business owner planning retirement, business owner personal goals, business owner goals, business owner financial plan

Defining Your Personal and Financial Goals Before You Transition

Posted by Jane Johnson on Mon, Jun, 18, 2018 @ 04:23 PM

Preparing yourself is the first step to successfully transitioning out of your business. While it is important to focus on preparing your business to sell, it is also vital to make sure you are both personally and financially ready to move on. You may not even remember who you were before you dove head first into your company, or know what to do with yourself after you leave it behind.

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Topics: business owners not prepared, business owner fear, planning retirement, business owner planning retirement, business owner personal goals, prepare for business transition

It's 2018 - Time to Get a Plan!

Posted by Jane Johnson on Thu, Jan, 25, 2018 @ 04:50 PM

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Topics: business transition plan, business owner planning retirement, baby boomer business owner, Business ownership transition plan, increasing business value before selling, sell my business 2018, baby boomer retirement

Retirement Shouldn’t be Detrimental to Your Health

Posted by Jane Johnson on Tue, Dec, 05, 2017 @ 12:18 PM

Like most business owners, you have probably invested many years of your life and a large portion of your financial resources in your business, taking precious little time off to focus on yourself outside of the business. Frequently, owners are so focused on their business that their other passions fall off the radar. And after working in the business for so long, you are probably not used to thinking about yourself independently from the business. Chances are – even if you’re getting close to thinking about selling your business and retirement – you’re still putting yourself last, focusing mainly on the financial aspects of a transition. However, the non-financial aspects and, dare we say it, emotional preparation are also an essential part of the transition process. In fact, before anything else, the first step in our 6-step Business Ownership Transition Process is “Getting Yourself Prepared.”  

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Topics: Business owner readiness, business owner retirement, planning for retirement, preparing for retirement, business owner planning retirement

As a Business Owner, What Will Your Retirement Look Like?

Posted by Jane Johnson on Wed, Aug, 30, 2017 @ 01:01 PM

“In the end, it’s not the years in your life that count. It’s the life in your years.” ~ Abraham Lincoln

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Topics: business transition, business owner retirement, planning retirement, business owner planning retirement