When it comes to your future, you can hope for the best and plan for the worst or ... you can spend some time looking into your options.
As a boomer aged business owner, you may be feeling like time is starting to get away from you. The weeks and months are flying by and believe it or not, you're not getting any younger. Retirement planning is top of mind. How you'll spend your time and finances are both key considerations.
It's inevitable you will be participating in a transition, of one kind or another, out of your business. But will it be financially responsible? Will you walk away with the funds you need to enjoy the balance of your life? What will you do with your time if you're not working 'in your business'. Who will you be? What will others think?
I will not sugar coat it. There is work to be done. You will have many conversations with your spouse, partners, senior management, board, staff, family, business associates, friends and advisers.
Decisions will need to be made and followed through on. In the end, if it's done right, this will be the sweet end of an era for you and the beginning of a great new adventure.
To help with your initial fact finding and planning, how about scheduling a free 'Clarity Call' with me? We can talk about your current status and readiness for selling the business.
I can answer questions and hopefully bring you a little closer to making some hard choices about transitioning. At the very least we'll move you along the path.
So sleep on it and if the mood strikes please give me a call tomorrow.