Retirement will be a time of transition for you and your business. Are you – and is your business – ready?
Whether you’re decades or months away from making your exit, putting a transition strategy in place to help make sure you have a nest egg to draw on will be essential steps toward a secure and enjoyable retirement.
Exit and transition strategies
How do you turn your hard work and goodwill into cash at retirement? The question looms over many business owners. Putting a transition strategy in place helps you ensure continued work for your employees and allows you to take pride in the ongoing name of your business after you ride off into the sunset.
Developing a comprehensive exit and transition program early makes it more likely that you will receive a fair value for your business and that the new owner will succeed.
Contact an advisor to help you develop a logical exit and transition program and increase the likelihood you’ll smoothly transition from business owner to retiree.